Soyabean yesterday we have seen that market has moved -1.07% as traders cashed in earlier gains of the week on the weekend. The total arrivals of soyabean were 1.10 lakh bags at Madhya Pradesh and Maharashtra arrivals reported at 1 lakh bag. At the Indore spot market in top producer MP, soybean dropped -22 Rs to 2174Re 100 kgs. Market has opened at 2241 & made a low of 2220.5 versus the day high of 2250. The total volume for the day was at 58590 lots and the open interest was at 122010.Support for soyabean is at 2214 below that could see a test of 2203. Resistance is now seen at 2244 above that could see a resistance of 2262.

Trading Ideas:

Soyabean trading range is 2203-2262.

Soyabean settled weak as traders booked profit at the weekend

Soyabean is taking resistance at 2244 and support is seen at 2214.

Total arrivals of soyabean were 1.10 lakh bags at Madhya Pradesh

At the Indore spot market in top producer MP, soybean dropped -22 Rs to 2174Re 100 kgs.