TODAY AGRI COMMODITY MARKET NEW UPDATE REPORT 01 FEB 2017.

AGRI COMMODITY MARKET OUTLOOK

Soybean

Soybean futures recover from the lower levels yesterday but the gain was capped by good supplies in the physical market. The supplies in the physical market is continue to be adequate as production during kharif is higher by more than 57% this season compared to last year. The bulk buyers and oil millers are quite active at lower levels keeping pressure on prices.

Refine Soy Oil

Refined soy oil futures closed higher on Tuesday due to technical rebound from the lower levels. Moreover, the tariff value of crude soy oil was hike by $10 per tonnes to $879 for the first fortnight of February. However, there is good supplies and lower demand from the bulk buyers and retail consumers.

Jeera

Futures closed higher on Tuesday on anticipation of higher demand for the new season jeera crop. There is a forecast of fall in jeera production by 12 % to 387,000 tonnes during 2016-17 due to lower acreage. New jeera crop started arriving in the key spot market of Unjha in Gujarat this week.

Turmeric

Futures recover on Tuesday due to pick –up in good spot demand from the stockists and up-country buyers. Spot turmeric arrivals decreased at Erode market as the prices have been down last week. On the export front, country exported about 65,848 tonnes of turmeric during April-Oct period, up by 27% to 51,910 tonnes compared last year, as per government data.

AGRI COMMODITY MARKET LEVELS

JEERA

P. POINT-17900

S1 - 17760                                                         R1 -18130

S2 – 17430                                                        R2 -18370

SOYBEAN

P. POINT-3036

S1 - 3010                                                             R1-3050

S2 - 2985                                                             R2-3070

CORIANDER

P. POINT-7491

S1- 7450                                                               R1-7540

S2- 7410                                                               R2-7600

R.M SEED

P. POINT-3834

S1 - 3810                                                              R1-3855

S2 - 3780                                                              R2-3875

TURMERIC

P. POINT-6758

S1- 6680                                                                R1-6810

S2- 6590                                                                R2-6860

TODAY AGRI COMMODITY MARKET NEWS UPDATE REPORT 17 JANUARY 2017.

AGRI COMMODITY MARKET OUTLOOK

Ref soy oil prices ended with losses tracking weakness in spot and demand worries.

Mentha oil dropped on the speculation the area under cultivation can increase this year resulting good production.

Soybean prices dropped due to ample supplies in the market as production during kharif is higher.

Turmeric prices ended with losses on anticipation of better supplies of new turmeric crops from the producing belts.

Jeera prices ended with losses on account of subdued demand from local parties at the spot market.

AGRI COMMODITY MARKET LEVELS

JEERA

P. POINT-17608

S1 - 17732                                                         R1 -17507

S2 - 17833                                                         R2 -17383

SOYBEAN

P. POINT-3033

S1 - 3020                                                             R1-3043

S2 - 3010                                                             R2-3056

CORIANDER

P. POINT-7531

S1- 7457                                                               R1-7572

S2- 7416                                                               R2-7646

R.M SEED

P. POINT-3833

S1 - 3802                                                              R1-3852

S2 - 3783                                                              R2-3883

TURMERIC

P. POINT-6626

S1- 6585                                                                R1-6720

S2- 6520                                                                 R2-6780

TODAY AGRI COMMODITY MARKET NEWS UPDATE REPORT 09 JANUARY 2017.

AGRI   COMMODITY MARKET OUTLOOK

Soybean

Soybean futures traded almost flat last week on good supplies in the physical as prices have consolidated near 3000 levels. The demand is steady from the bulk buyers and oil millers. However, higher production estimates by SOPA is keeping pressure on prices this season.

Refine Soy Oil

Refined soy oil futures closed higher last week by 1.4% tracking good physical demand by the market participants. However, the prices have corrected in last two trading session last week due to profit booking at higher levels.

Crude Palm oil

CPO Futures closed higher last week on anticipation of increase in physical demand for the oil after lower demand during last two months due to affect on demonetization.

Jeera

Jeera futures closed higher last week on good physical and export demand. However, good sowing progress of jeera in capped further gains. The progress of Jeera sowing in Gujarat is higher this season after lagging behind in the previous week.

NCDEX Market update:-

JEERA

PP- 18335

R1- 18500                                              S1-18000

R2- 18700                                              S2-17700

TURMERIC

PP- 6752

R1- 6770                                                 S1-6720

R2- 6790                                                 S2-6690

CORIANDER

PP- 7254

R1- 7290                                                  S1-7210

R2- 7340                                                  S2-7170

SOYBEAN

PP- 3028

R1- 3040                                                 S1-3010

R2- 3050                                                 S2-2990

MUSTERED OIL

PP- 4295

R1- 4320                                                S1-4260

R2- 4340                                                S2-4220

GAUR SEED

PP- 3312

R1- 3335                                                 S1-3290

R2- 3360                                                 S2-3260

NCDEX LAUNCHES FUTURES AGAIN CASTORS | TODAY AGRI COMMODITY MARKET NEWS UPDATE 05 JAN 2017.

AGRI   COMMODITY MARKET OUTLOOK

Soybean

Soybean futures closed lower on anticipation of good supplies in the physical as prices have improved over the last week. There is still good demand from the bulk buyers and oil millers. Moreover, higher production estimates by SOPA.

Refine Soy Oil

Refined soy oil futures closed higher on technical buying by the market participants. However, in physical market the prices have corrected as tariff rates were eased and the demand was lower at higher levels.

Crude Palm oil

CPO Futures continue to trade higher on Wednesday on good domestic demand from the stockists and traders.

Jeera

Jeera futures closed lower by about 1.00% on Wednesday due to good progress of jeera sowing in Gujarat and tracking lower prices in physical market. The progress of Jeera sowing in Gujarat is higher this season after lagging behind in the previous week.

NCDEX Market update:-

JEERA

PP- 18025

R1- 18160                                              S1-17960

R2- 18260                                              S2-17760

TURMERIC

PP- 6754

R1- 6790                                                 S1-6700

R2- 6840                                                 S2-6650

CORIANDER

PP- 7240

R1- 7275                                                  S1-7200

R2- 7300                                                  S2-7150

SOYBEAN

PP- 3018

R1- 3050                                                 S1-2990

R2- 3070                                                 S2-2960

MUSTERED OIL

PP- 4213

R1- 4250                                                S1-4190

R2- 4290                                                S2-4150

GAUR SEED

PP- 3277

R1- 3310                                                 S1-3245

R2- 3350                                                 S2-3200

COMMODITY MARKET TODAY,IS WHERE THE STAKES | TODAY AGRI COMMODITY MARKET REPORT UPDATE 04 JANUARY 2017.

AGRI   COMMODITY MARKET OUTLOOK

Soybean

Soybean futures closed lower on profit booking by the market participants on anticipation of good supplies as prices have improved over the last week. There is still good demand from the bulk buyers and oil millers. However, higher production estimate by SOPA and steady arrivals kept the prices range bound if the arrivals start picking up in coming weeks.

Refine Soy Oil

Refined soy oil futures closed flat after surging in the previous session due to profit taking. However, on anticipation of good physical demand and improved soybean prices in the domestic market the prices have been on uptrend.

Crude Palm oil

CPO Futures continue to trade higher on Tuesday tracking firm International and good domestic demand from the stockists in anticipation of good domestic demand.

Jeera

Jeera futures continue to trade higher this week and closed about 0.11% higher on Tuesday tracking good demand in the physical market. The progress of Jeera sowing in Gujarat is lagging behind last year acreage in December after promising start to sowing season.

NCDEX Market update:-

JEERA

PP- 18205

R1- 18300                                              S1-18000

R2- 18520                                              S2-17850

TURMERIC

PP- 6776

R1- 6810                                                 S1-6735

R2- 6840                                                 S2-6690

CORIANDER

PP- 7229

R1- 7290                                                  S1-7170

R2- 7340                                                  S2-7100

SOYBEAN

PP- 3042

R1- 3070                                                 S1-3020

R2- 3100                                                 S2-2990

MUSTERED OIL

PP- 4272

R1- 4320                                                S1-4230

R2- 4380                                                S2-4185

GAUR SEED

PP- 3338

R1- 3380                                                 S1-3300

R2- 3410                                                 S2-3260

TODAY AGRI COMMODITY MARKET UPDATE 03 JANUARY 2016.

AGRI   COMMODITY MARKET OUTLOOK

Soybean

Soybean futures closed higher on Monday on anticipation of good demand from the bulk buyers and oil millers However, higher production estimate by SOPA and steady arrivals kept the prices range bound if the arrivals start picking up in coming weeks.

Refine Soy Oil

Refined soy oil futures surged higher on Monday due to anticipation of good physical demand and improved soybean prices in the domestic market.

Crude Palm oil

CPO Futures closed higher on Monday tracking other edible oils and good domestic demand  from the stockists in anticipation of firm International market.

Jeera

Futures continue to trade higher this week and closed about 2.11% higher on Monday tracking good demand in the physical market. The progress of Jeera sowing in Gujarat is  lagging

behind last year acreage after promising start to sowing season.

NCDEX Market update:-

JEERA

PP- 17810

R1- 17950                                              S1-17600

R2- 18100                                              S2-17400

TURMERIC

PP- 6762

R1- 6820                                                 S1-6700

R2- 6890                                                 S2-6630

CORIANDER

PP- 7324

R1- 7390                                                  S1-7270

R2- 7450                                                  S2-7220

SOYBEAN

PP- 3029

R1- 3040                                                 S1-3010

R2- 3070                                                 S2-2980

MUSTERED OIL

PP- 4348

R1- 4380                                                S1-4300

R2- 4410                                                S2-4255

GAUR SEED

PP- 3238

R1- 3270                                                 S1-3210

R2- 3300                                                 S2-3160