Soyabean yesterday we have seen that market has moved 0.02%. The total arrivals of soyabean were 0.46 lakh bags at Madhya Pradesh and Maharashtra reported at 0.40 lakh bags. Export of Soybean Meal during April to February 2010-11, jumped to 3,427,838 tons from 1,950,725 tones that were reported last year in the same period. At the Indore spot market in top producer MP, soybean dropped -13 Rs to 2403Re 100 kgs. Market has opened at 2460 & made a low of 2443 versus the day high of 2470. The total volume for the day was at 53150 lots and the open interest was at 218080.Support for soyabean is at 2450 below that could see a test of 2433. Resistance is now seen at 2477 above that could see a resistance of 2487.

Trading Ideas:

Soyabean trading range is 2432-2486.

Export of Soybean Meal during April to February 2010-11, jumped to 3,427,838 tons from 1,950,725 tones

Soyabean is taking resistance at 2480 and support is seen at 2440

The total arrivals of soyabean were 0.46 lakh bags at Madhya Pradesh and Maharashtra reported at 0.40 lakh bags

At the Indore spot market in top producer MP, soybean dropped -13 Rs to 2403Re 100 kgs.