Soyabean on NCDEX settled down -0.61% at 2927 on higher arrivals in local mandis and hope of increasing demand for soymeal from feed industry. However downside seen limited on higher demand for soymeal from poultry feed manufacturers. Arrivals have increased as farmers are getting good prices. In past two-days prices have risen by Rs 25 per quintal which led to higher arrivals. All India soybean arrivals were stood at 100,000-90,000 bags as compared to 60,000-50,000 bags in the previous day.

Trading Ideas: 

* Soyabean trading range for the day is 2882-2966. 

* Soyabean dropped on higher arrivals in local mandis and hope of increasing demand for soymeal from feed industry. 

* NCDEX accredited warehouses soyabean stocks dropped by 186 tonnes to 188240 tonnes. 

* At the Indore spot market in top producer MP, soybean dropped -19 Rupees to 3030 Rupees per 100 kgs.

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