TODAY AGRI COMMODITY MARKET OVERVIEW AND LEVELS UPDATE REPORT 01 MARCH 2017.

AGRI COMMODITY MARKET OUTLOOK

Soybean

Soybean futures traded higher for the second conse4cutive session on Tuesday due to bargain buying and good demand in the spot market. The production is expected to be higher this year and the oil millers are active at lower prices. The Soybean Processors Association of India has raised the estimate for soy meal exports in 2016-17 (Oct-Sep) to 1.8 mt from 1.0 mt projected earlier.

Refine Soy Oil

Refined soy oil futures jumps more than 3.2% on Tuesday tracking clue from the international markets. CBOT soyoil too climb close to 4% after the head of the Renewable Fuels Association said that U.S. President Donald Trump's administration would lift the responsibility for blending biofuels off refiners. However, domestic edible oil in 2016/17 will be 72.8 lt, up 25.5% compared to last year. Last year, edible oil production was at 58 lt.

Jeera

Jeera March future closed higher on Tuesday due to short selling by the market participants and rolling over their positions to April contracts. The arrivals of jeera in Gujarat are improving so as the demand. As per Agmarknet data, 5,924 tonnes of jeera arrived during Feb 20-25 compared to 3,044 tonnes in the previous week.

Turmeric

NCDEX Turmeric prices improved demand for the new season turmeric. In the recent weeks the supplies have improved. The turmeric arrivals in the country increase to 28,337 tonnes last week (20-25 Feb) compared to 7,300 tonnes during previous week, as per the Agmarknet data. On the export front, country exported about 74,524 tonnes; up by 32% during April-Nov period compared to last year exports of 56,471 tonnes, as per government data.

AGRI COMMODITY MARKET LEVELS

JEERA

P. POINT-16895

S1 - 16650                                                        R1 -17050

S2 –16400                                                        R2 -17200

SOYABEAN

P. POINT-2937

S1 - 2910                                                             R1-2965

S2 - 2880                                                             R2-2995

CORIANDER

P. POINT-6502

S1- 6420                                                               R1-6560

S2- 6350                                                               R2-6630

R.M SEED

P. POINT-3848

S1 - 3800                                                              R1-3885

S2 - 3755                                                              R2-3925

TURMERIC

P. POINT-6876

S1- 6780                                                                R1-6970

S2- 6750                                                                R2-7050

AGRI COMMODITY MARKET LEVEL & NEWS UPDATE 27 FEB 2017.

AGRI COMMODITY MARKET OUTLOOK

Soybean

Soybean futures continue to close lower this week due to good supplies putting pressure on prices. The production is expected to be higher this year. The Soybean Processors Association of India has raised the estimate for soy meal exports in 2016-17 (Oct-Sep) to 1.8 mt from 1.0 mt projected earlier.

Refine Soy Oil

Refined soy oil futures continue to trade lower due to weak physical demand, lowering base import price and higher production estimates of soy oil in the country. The production of edible oil in 2016/17 will be 72.8 lt, up 25.5% compared to last year. Last year, edible oil production was at 58 lt.

Mentha Oil

Mentha oil prices rose as speculators indulged in built up fresh positions amid uptick in demand from consuming industries in the spot market.

Turmeric

US Food and Drugs Administration has issued import alert against some Indian turmeric exporters. The FDA declaration makes Indian turmeric products subject to detention without physical examination for allegedly offering turmeric with levels of lead that may render the product injurious to health for import into United States.

AGRI COMMODITY MARKET LEVELS

JEERA

P. POINT-17365

S1 - 17260                                                        R1 -17505

S2 –17120                                                        R2 -17610

SOYABEAN

P. POINT-2887

S1 - 2871                                                             R1-2912

S2 - 2841                                                             R2-2928

CORIANDER

P. POINT-6764

S1- 6698                                                               R1-6804

S2- 6660                                                               R2-6870

R.M SEED

P. POINT-3770

S1 - 3756                                                              R1-3788

S2 - 3738                                                              R2-3802

TURMERIC

P. POINT-6892

S1- 6795                                                                R1-6900

S2- 6720                                                                R2-6980

HERE IS AN OVERVIEW ON AGRI COMMODITY MARKET NEWS UPDATE 20 FEB 2017.

AGRI COMMODITY MARKET OUTLOOK

Soybean

Soybean futures traded on negative note last week on weak spot market as sufficient supplies putting pressure on prices. The production is expected to be higher this year and the oil millers active at lower prices so that they can have parity to export soy meal at competitive rates. The Soybean Processors Association of India has raised the estimate for soy meal exports in 2016-17 (Oct-Sep) to 1.8 mt from 1.0 mt projected earlier.

Refine Soy Oil

Refined soy oil futures closed the week on negative note on weak physical demand, lowering base import price and higher production estimates of soy oil in the country. The production of edible oil in 2016/17 will be 72.8 it, up 25.5% compared to last year. Last year, edible oil production was at 58 lt.

Jeera

Jeera futures gain more than 1% on Friday tracking some good demand in physical market for new season crop. The arrivals of jeera in Gujarat are improving. As per Agmarknet data, 3,044 tonnes of jeera arrived during Feb 13-17 compared to 1,957 tonnes in the previous week.

Turmeric

Turmeric prices corrected for the second consecutive day on Friday due to profit booking and improving supplies. The turmeric arrivals in the country increase 22% last week (13-17 Feb) compared to previous week, as per the Agmarknet data. The demand for exports has also improved as new season good quality crop have hit the physical market. On the export front, country exported about 74,524 tonnes; up by 32% during April Nov period compared last year exports of 56,471 tonnes, as per government data.

AGRI COMMODITY MARKET LEVELS

JEERA

P. POINT-17130

S1 - 16850                                                        R1 -17280

S2 –16600                                                        R2 -17400

SOYABEAN

P. POINT-2956

S1 - 2930                                                             R1-2980

S2 - 2900                                                             R2-3010

CORIANDER

P. POINT-6620

S1- 6560                                                               R1-6670

S2- 6500                                                               R2-6730

R.M SEED

P. POINT-3779

S1 - 3750                                                              R1-3790

S2 - 3730                                                              R2-3810

TURMERIC

P. POINT-6834

S1- 6795                                                                R1-6900

S2- 6720                                                                R2-6980

TODAY AGRI COMMODITY MARKET REPORT UPDATE 15 FEB 2017.

AGRI COMMODITY MARKET OUTLOOK

Soybean

Soybean futures continue to trade lower this week on expectation of sufficient supplies in the domestic market. The production will be higher this year and the oil millers are purchasing soybean at lower prices so that they can have parity to export soy meal at competitive rates. The Soybean Processors Association of India has raised the estimate for soy meal exports in 2016-17 (Oct-Sep) to 1.8 mt from 1.0 mt projected earlier.

Refine Soy Oil

Refined soy oil futures continue to fall this week in line with the fall in spot market on sufficient stocks and steady demand. The higher production estimates of soy oil in the country may keep the stock sufficient for the stockists. The production of edible oil in 2016/17 will be 72.8 lt, up 25.5% compared to last year. Last year, edible oil production was at 58 lt.

Jeera

Jeera futures for Mar delivery closed higher on Tuesday on technical buying. The spot prices continue to trade lower as new season jeera arrived in market. New jeera crop started arriving in the key spot market of Unjha in Gujarat.

Turmeric

Futures closed higher on Tuesday due to bargain buying despite weak spot market. The supplies are improving and there is good demand for the new season crop too. The harvesting is going on in key producing states – Maharashtra, Tamilnadu and Karnataka. On the export front, country exported about 74,524 tonnes; up by 32% during April-Nov period compared last year exports of 56,471 tonnes, as per government data.

AGRI COMMODITY MARKET LEVELS

JEERA

P. POINT-16925

S1 - 16780                                                        R1 -17050

S2 –16650                                                        R2 -17260

SOYABEAN

P. POINT-3019

S1 - 3000                                                             R1-3050

S2 - 2970                                                             R2-3080

CORIANDER

P. POINT-6620

S1- 6560                                                               R1-6670

S2- 6500                                                               R2-6730

R.M SEED

P. POINT-3779

S1 - 3750                                                              R1-3790

S2 - 3730                                                              R2-3810

TURMERIC

P. POINT-6844

S1- 6790                                                                R1-6890

S2- 6760                                                                R2-6960

AGRI COMMODITY DAILY MARKET UPDATE REPORT 13 FEB 2017.

AGRI COMMODITY MARKET OUTLOOK

Soybean

Soybean futures closed lower last week and trend is still range bound on expectation of steady demand at current levels as supplies in the domestic market is sufficient. As per the latest data released SEA, the country exported a total of 1, 55,160 tonnes of soy meal was exported in Jan 2017 as against 28,400 tonnes in the same period last year.

Refine Soy Oil

Refined soy oil futures closed higher last week mainly on bargain buying by the market participants. The higher production estimates of soy oil in the country may keep the stock sufficient for the stockists. The production of edible oil in 2016/17 will be 72.8 it, up 25.5% compared to last year. Last year, edible oil production was at 58 lt.

Jeera

Jeera futures for Mar delivery closed lower last week tracking spot prices which continue to trade lower as new season jeera arrived in market. New jeera crop started arriving in the key spot market of Unjha in Gujarat.

Turmeric

Futures fall on profit booking on Friday on weak spot market as supplies are improving and there is good demand for the new season crop. The harvesting is going on in key producing states – Maharashtra, Tamilnadu and Karnataka. On the export front, country exported about 74,524 tonnes; up by 32% during April-Nov period compared last year exports of 56,471 tonnes, as per government data.

AGRI COMMODITY MARKET LEVELS

JEERA

P. POINT-17095

S1 - 16900                                                        R1 -17250

S2 –16800                                                        R2 -17400

SOYBEAN

P. POINT-3059

S1 - 3045                                                             R1-3080

S2 - 3030                                                             R2-3105

CORIANDER

P. POINT-6928

S1- 6880                                                               R1-7010

S2- 6830                                                               R2-7090

R.M SEED

P. POINT-3818

S1 - 3805                                                              R1-3840

S2 - 3790                                                              R2-3860

TURMERIC

P. POINT-6804

S1- 6760                                                                R1-6870

S2- 6715                                                                R2-6940

TODAY DAILY AGRI FUNDAMENTAL REPORT UPDATE 09 FEB 2017.

AGRI COMMODITY MARKET OUTLOOK

Soybean

Soybean futures for February delivery closed unchanged on Wednesday. The trend is still range bound on expectation of steady demand at current levels as supplies in the domestic market is sufficient. As per the latest data released SEA, the country exported a total of 1, 55,160 tonnes of soy meal was exported in Jan 2017 as against 28,400 tonnes in the same period last year.

Refine Soy Oil

Refined soy oil futures closed on positive note tracking physical market prices on anticipation of demand coming from bulk buyers and international prices expected to improve in coming weeks. However, the production of edible in 2016/17 will be 72.8 it, up 25.5% compared to last year. Last year, edible oil production was at 58 lt.

Jeera

Jeera futures for Mar delivery recover on Wednesday after falling for two sessions. The spot prices continue to trade lower as new season jeera arrived in market. New jeera crop started arriving in the key spot market of Unjha in Gujarat. There is a forecast of fall in jeera production by 12 % to 387,000 tonnes during 2016-17 due to lower acreage.

Turmeric

Futures traded on positive note on Wednesday on lower supplies and good demand for the new season crop. The harvesting is going on in key producing states – Maharashtra, Tamilnadu and Karnataka. 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-17370

S1 - 17240                                                        R1 -17470

S2 –17110                                                        R2 -17580

SOYABEAN

P. POINT-3020

S1 - 3000                                                             R1-3040

S2 - 2980                                                             R2-3070

CORIANDER

P. POINT-7183

S1- 7140                                                               R1-7220

S2- 7110                                                               R2-7270

R.M SEED

P. POINT-3844

S1 - 3810                                                              R1-3870

S2 - 3780                                                              R2-3900

TURMERIC

P. POINT-6922

S1- 6875                                                                R1-6980

S2- 6800                                                                R2-7040

TODAY AGRI COMMODITY FUNDAMENTAL MARKET REPORT UPDATE 08 FEB 2017.

AGRI COMMODITY MARKET OUTLOOK

Soybean

Soybean futures closed down on Tuesday but the trend is still range bound on expectation of steady demand at current levels as supplies in the domestic market will remain sufficient. The bulk buyers and oil millers are quite active at lower levels keeping pressure on prices.

Refine Soy Oil

Refined soy oil futures closed lower on Tuesday due to anticipation of lower demand at higher prices. There are reports that the production of edible in 2016/17 will be a higher by 25.5% compared to last year to 72.8 lt. Last year, edible oil production was at 58 lt.

Jeera

Jeera futures continue to close lower on Tuesday as spot prices started to go down as new season jeera arrived in market. New jeera crop started arriving in the key spot market of Unjha in Gujarat. There is a forecast of fall in jeera production by 12 % to 387,000 tonnes during 2016-17 due to lower acreage.

Turmeric

Futures rebound on Tuesday on anticipation of good demand for the new season crop as arrivals have been slow due to lower prices. The harvesting is going on in key producing states – Maharashtra, Tamilnadu and Karnataka. On the export front, country exported about 65,848 tonnes of turmeric during Apricot period, up by 27% to 51,910 tonnes compared last year, as per government data.

AGRI COMMODITY MARKET LEVELS

JEERA

P. POINT-17290

S1 - 17150                                                        R1 -17450

S2 –17000                                                        R2 -17550

SOYABEAN

P. POINT-3020

S1 - 3010                                                             R1-3040

S2 - 2995                                                             R2-3060

CORIANDER

P. POINT-7222

S1- 7185                                                               R1-7270

S2- 7155                                                               R2-7325

R.M SEED

P. POINT-3815

S1 - 3810                                                              R1-3835

S2 - 3795                                                              R2-3850

TURMERIC

P. POINT-6904

S1- 6820                                                                R1-6980

S2- 6740                                                                R2-7060

TODAY AGRI COMMODITY MARKET LEVELS UPDATES 07 FEB 2017.

AGRI COMMODITY MARKET OUTLOOK

Soybean

Soybean futures closed down but the trend is still range bound on expectation that the supplies in the domestic market will remain sufficient in the physical market. 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 Monday mostly on anticipation of good demand from the stockists. However, the prices fell after touching Rs. 719 per 10 kg to close at 702 on reports that the production of edible in 2016/17 will be a higher by 25.5% compared to last year to 72.8 lt. Last year, edible oil production was at 58 lt.

Jeera

Jeera futures continue to close lower on Monday as spot prices started to go down as new season jeera arrived in market. New jeera crop started arriving in the key spot market of Unjha in Gujarat. There is a forecast of fall in jeera production by 12 % to 387,000 tonnes during 2016-17 due to lower acreage.

Turmeric

Futures closed lower on Monday tracking the weak spot prices. The arrivals of turmeric is increasing in the physical market as harvesting is going on in key producing states. 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-17300

S1 - 17150                                                        R1 -17600

S2 –17000                                                        R2 -17850

SOYABEAN

P. POINT-3033

S1 - 3010                                                             R1-3055

S2 - 2970                                                             R2-3075

CORIANDER

P. POINT-7259

S1- 7210                                                               R1-7350

S2- 7160                                                               R2-7440

R.M SEED

P. POINT-3826

S1 - 3800                                                              R1-3855

S2 - 3760                                                              R2-3880

TURMERIC

P. POINT-6750

S1- 6710                                                                R1-6800

S2- 6670                                                                R2-6850

TODAY AGRI COMMODITY MARKET REPORT UPDATE 06 FEBRUARY 2017.

AGRI COMMODITY MARKET OUTLOOK

Soybean

Soybean futures traded mostly sideways during last week and closed little lower on expectation that the supplies in the domestic market will remain sufficient in the physical market. The bulk buyers and oil millers are quite active at lower levels keeping pressure on prices.

Refine Soy Oil

Refined soy oil futures closed lower last week on reports that the production of edible in 2016/17 will be a higher by 25.5% compared to last year to 72.8 lakh tonne. Last year, edible oil production was at 58 lt.

Jeera

Jeera futures closed lower last week on profit booking as new season jeera arrived in market. But anticipation of good demand prospects for the new season jeera crop limit losses. New jeera crop started arriving in the key spot market of Unjha in Gujarat. There is a forecast of fall in jeera production by 12 % to 387,000 tonnes during 2016-17 due to lower acreage.

Turmeric

Futures closed higher last week due to good rise in spot prices. There is a pick –up in 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-17775

S1 - 17560                                                         R1 -17930

S2 –17330                                                        R2 -18170

SOYBEAN

P. POINT-3043

S1 - 3020                                                             R1-3060

S2 - 2985                                                             R2-3085

CORIANDER

P. POINT-7369

S1- 7330                                                               R1-7450

S2- 7250                                                               R2-7530

R.M SEED

P. POINT-3839

S1 - 3810                                                              R1-3860

S2 - 3780                                                              R2-3890

TURMERIC

P. POINT-6780

S1- 6720                                                                R1-6870

S2- 6640                                                                R2-6960

TODAY AGRI COMMODITY MARKET NEWS & LEVELS UPDATES 03 FEB 2017.

AGRI COMMODITY MARKET OUTLOOK

Soybean

Soybean futures closed lower after surging to Rs. 3077 levels on Thursday to closed 0.03% down at Rs. 3043 due to sufficient 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 little lower on Thursday due to profit booking. The trend is still looking upwards as there was no announcement of lowering duty for import of vegetable oils and oil seeds in the Union Budget 2017/18. Moreover, the tariff value of crude soy oil was hike by $10 per tonnes to $879 for the first fortnight of February.

Jeera

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

Turmeric

Refined soy oil futures closed little lower on Thursday due to profit booking. The trend is still looking upwards as there was no announcement of lowering duty for import of vegetable oils and oil seeds in the Union Budget 2017/18. Moreover, the tariff value of crude soy oil was hike by $10 per tonnes to $879 for the first fortnight of February.

AGRI COMMODITY MARKET LEVELS

JEERA

P. POINT-17895

S1 - 17760                                                         R1 -18130

S2 – 17530                                                        R2 -18370

SOYBEAN

P. POINT-3043

S1 - 3020                                                             R1-3060

S2 - 2985                                                             R2-3085

CORIANDER

P. POINT-7381

S1- 7330                                                               R1-7450

S2- 7250                                                               R2-7530

R.M SEED

P. POINT-3858

S1 - 3830                                                              R1-3880

S2 - 3800                                                              R2-3910

TURMERIC

P. POINT-6794

S1- 6720                                                                R1-6870

S2- 6640                                                                R2-6960