Soyabean yesterday we have seen that market has moved 0.3% on low level buying getting support from firm overseas leads. Brazil's 2010-2011 soy crop is 56% harvested, compared with a year ago figure of 67%.U.S. soybean acres may fall 0.8 percent to 76.786 million, a three-year low. At the Indore spot market in top producer MP, soybean dropped -12 Rs to 2277Re 100 kgs. Market has opened at 2298 & made a low of 2290 versus the day high of 2314.5. The total volume for the day was at 43760 lots and the open interest was at 134670.Support for soyabean is at 2298 below that could see a test of 2282. Resistance is now seen at 2322 above that could see a resistance of 2331.

Trading Ideas:

Soyabean trading range is 2281-2330.

Soyabean ended firm on low level buying getting support from firm overseas leads

Soyabean is taking resistance at 2322 and support is seen at 2298.

NCDEX accredited warehouses soyabean stocks fell by 109 tonnes 3968 tonnes.

At the Indore spot market in top producer MP, soybean dropped -12 Rs to 2277Re 100 kgs.