Soyabean yesterday we have seen that market has moved -0.24% as weather is supportive for soybean crop. At the Indore spot market in top producer MP, soybean dropped -14 Rs to 2016 re 100 kgs. Market has opened at 2057 & made a low of 2047.5 versus the day high of 2070. The total volume for the day was at 28730 lots and the open interest was at 85760.Support for soyabean is at 2043 below that could see a test of 2034. Resistance is now seen at 2066 above that could see a resistance of 2079.

Trading Ideas:

Soyabean trading range is 2034-2079.

Soyabean settled weak as weather is supportive for soybean crop

Resistance for the soyabean is at 2066 and support is at 2043.

NCDEX accredited warehouses soyabean stocks rose 360 tonnes to 3110 tonnes.

At the Indore spot market in top producer MP, soybean dropped -14 Rs to 2016Re 100 kgs.