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Soyabean trading range for the day is 2952-3010.
Soyabean dropped on higher supplies of the crop in local market amid subdued export demand for Indian meal in the domestic and overseas market.
The standing soybean crop is in excellent condition and output may be 5-7% higher than last year due to favourable weather condition.
The USDA raised 2014-15 US soybean ending stockpiles to 475 million bushels compared to its previous estimate of 430 million bushels.
At the Indore spot market in top producer MP, soybean gained 11 rupee to 3056 rupee per 100 kgs.
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