Soyabean yesterday we have seen that market has moved -1.62% as arrivals started in Sangli market of Maharashtra. At the Indore spot market in top producer Madhya Pradesh, soybean dropped -61 rupee to 2008 rupee 100 kgs. Market has opened at 2072 & made a low of 2026 versus the day high of 2074. The total volume for the day was at 72990 lots and the open interest was at 118910.Support for soyabean is at 2013 below that could see a test of 1996. Resistance is now seen at 2061 above that could see a resistance of 2092.

Trading Ideas:

Soyabean trading range is 1995-2091.

Soyabean ended weak as arrivals started to reach market

Resistance for the soyabean is at 2048 and support is at 2013s.

Spread between Soyabean SEP & OCT contracts yesterday traded in the range of -11 to -2.5.

At the Indore spot market in top producer Madhya Pradesh, soybean dropped 0 rupee to 2008 rupee 100 kgs.