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Soyabean on NCDEX settled down -1.53% at 2956 on ample supply in the domestic spot market. Further, lower soyabean prices in the international markets also influenced soyabean prices. Government of India in its second Advance Estimates of production of major crops for 2016-17 said that with an increase of 8.35 million ton over the previous year, total oilseeds production in the country is estimated at record level of 33.60 million tonnes. It also said that, the output is higher by 850,000 tons than the previous record production of 32.75 million tons achieved during 2013-14. 

               Trading Ideas    

*Soyabean trading range for the day is 2916-3020. 

*Soyabean prices ended with losses on ample supply in the domestic spot market. 

*European Union soybean imports in the 2016/17 season had reached 8.2 million tonnes by Feb. 14, down 4 percent. 

*NCDEX accredited warehouses soyabean stocks gained by 1214 tonnes to 208667 tonnes. 

*At the Indore spot market in top producer MP, soybean dropped  -27 Rupees to 2996 Rupees per 100 kgs.