Soyabean yesterday we have seen that market has moved -0.92% as the physical markets are not supporting the upside movement for the commodity. On international front too, not much activities is seen due to absence of any fresh cues. At the Indore spot market in top producer MP, soybean dropped -4 Rs to 2191Re 100 kgs. Market has opened at 2285 & made a low of 2254 versus the day high of 2286. The total volume for the day was at 76740 lots and the open interest was at 227520.Support for soyabean is at 2247 below that could see a test of 2234. Resistance is now seen at 2279 above that could see a resistance of 2298.

Trading Ideas:

Soyabean trading range is 2236-2300.

Soyabean ended weak tracking weakness in spot market

Soyabean is taking resistance at 2279 and support is seen at 2247.

NCDEX accredited warehouses soyabean stocks rose 91 tonnes to 8928 tonnes.

At the Indore spot market in top producer MP, soybean dropped -4 Rs to 2191Re 100 kgs.