Soyabean yesterday we have seen that market has moved -0.29% as soybean crop is in good shape and still there is expectations of higher production. As per latest data release by China's General Administration of Customs, China imported 35.53 million metric tons of soybeans in the first eight months of the year, gained 20% compared with the same period last year. At the Indore spot market in top producer MP, soybean gained 1 Rs to 2030Re 100 kgs. Market has opened at 2082 & made a low of 2066 versus the day high of 2093. The total volume for the day was at 45420 lots and the open interest was at 94410.Support for soyabean is at 2068 below that could see a test of 2054. Resistance is now seen at 2095 above that could see a resistance of 2108.

Trading Ideas:

Soyabean trading range is 2054-2108.

Soyabean settled weak as soybean crop is in good shape

Resistance for the soyabean is at 2095 and support is at 2068.

China imported 35.53 million metric tons of soybeans in the first eight months of the year

At the Indore spot market in top producer MP, soybean gained 1 Rs to 2030Re 100 kgs.