SOYABEAN & JEERA MARKET UNDER LONG LIQUIDATION

Soyabean market under long liquidation, open interest drops 5.14%
Soyabean is getting support at 3331 and below same could see a test of 3314 level, and resistance is now likely to be seen at 3378, a move above could see prices testing 3408.

MUMBAI Commodity Soyabean settled down by -0.77% at 3349 on profit booking after prices gained on strong demand for United States soybean and as investors fear lower arrival after crop damaged in Maharashtra.
Technically market is under long liquidation as market has witnessed drop in open interest by -5.14% to settled at 101780 while prices down -26 rupee.

At the Indore spot market in top producer MP, soybean gained  11 rupee to 3337 rupee per 100 kgs.

Jeera market under long liquidation, open interest drops 6.57%

Jeera is getting support at 11880 and below same could see a test of 11740 level, and resistance is now likely to be seen at 12200, a move above could see prices testing 12380.

MUMBAI Commodity Jeera settled down by -0.7% at 12020 as lower demand in the spot market against increased supply from producing region kept pressure on prices. However downside seen limited due to better demand amidst moderate arrivals.
India's jeera exports has crossed 50,000 tonnes in the first four months of 2014-15, a rise of 15 per cent from the corresponding period of the previous year, industry sources said.

In Unjha, a key spot market in Gujarat, jeera edged down by -9.1 rupees to end at 12072.5 rupee per 100 kg.