Soyabean trading range for the day is 3843-3921. Soyabean on NCDEX settled down by -0.59% at 3880 on hope of higher supply in domestic market following reports of good monsoon season. 

 Moreover, as stated by United States Department of Agriculture (USDA) weekly sales report, for the week ending on 26 May net sales for 2015-16 crops were down by 32% on week and 39% from the prior 4-week average. 

  Soy meal inventories are at the end of the month April stood at 365,653 tons up from 302,672 tons in March, while crude soyoil inventories stood at 2.049 billion pounds at April end.

According to Industry body Soybean Processors Association of India, this year, soybean production is expected to be lower at 69.29 lakh tons than earlier estimate of 74 lakh tons in kharif season. 

At the Indore spot market in top producer MP, soybean dropped  -37 rupee to 3975 rupee per 100 kgs.Technically now Soyabean is getting support at 3861 and below same could see a test of 3843 level, And resistance is now likely to be seen at 3900, a move above could see prices testing 3921.   Content This No. 9827808090.