TODAY AGRI COMMODITY MARKET NEWS & REPORT UPDATE 30 MARCH 2017.

AGRI COMMODITY MARKET OUTLOOK

Soybean

Soybean April futures closed higher for the second consecutive day on Wednesday on low level buying by the market participants The meal exports also support the prices coupled with slower arrivlas. According to SEA, India's soymeal exports are likely to be around 200,000 tonnes in March, higher than last March's record low of 430 tonnes due to good demand from European and Asian countries. The supplies have been decreased drastically this week compared to previous week. As per Agmarknet, arrivals of soybean during 27-29 Mar were about 50,611tonnes Vs 50,611 tonnes during previous week.

Refine Soy Oil

Refined soy oil futures fell a little tracking weak demand from the physical market. There is positive sentiments among market participants after government allowed bulk exports from the country. In a major policy shift, the Govt opened up the exports of edible oils such as groundnut oil, soybean oil and sesame oil in bulk quantities. However, expectations of bumper oilseeds output and higher availability of edible oil in the country and lower base import price of soyoil is pressurizing prices earlier.

Jeera

Jeera April futures closed lower on Wednesday on profit booking from higher levels. Moreover, the Exchange will impose a 5% additional margin on all running as well as yet-to-be-launched futures contracts of jeera, on both buy and sell positions, from tomorrow (Friday). The arrivals have been good during the second half of current month compared to last month same period. As per Agmarknet data, during Mar 15-19 about 23,377 tonnes of jeera arrived compared to 12,266. Market participants are expecting good exports demand in coming months. On the export front, India in 2016-17 is likely to cross 1.2 lt against 94,352 tonnes a year ago while in first 9 month of marketing year 2016/17, the exports increase by 36.7% to 93,724 tonnes as per the data release by Dept of commerce, GOI. As per second advance estimates for 2016/17, production of Jeera in Gujarat will be 2.21 lt, down almost 11% compared to last year production of 2.38 lt.

Turmeric

Turmeric closed lower on Wednesday due to good arrivals and lower physical demand. The turmeric arrivals in the country is on higher side during second half of March to 79,534 tonnes compared to 63,965 tonnes during last month same period, as per the Agmarknet data. On the export front, country exported about 82,115 tonnes during April-Dec period, up by 28% compared to last year exports of 64,105 tonnes, as per government data.

AGRI COMMODITY MARKET LEVELS

JEERA

P. POINT-18,255

S1 - 18150                                                          R1 -18450

S2 –18000                                                          R2 -18600

SOYABEAN

P. POINT-2887

S1 - 2870                                                             R1-2900

S2 - 2860                                                             R2-2915

CORIANDER

P. POINT-7494

S1- 7467                                                               R1-7506

S2- 7454                                                               R2-7532

R.M SEED

P. POINT-3964

S1 - 3946                                                              R1-3980

S2 - 3930                                                              R2-3998

TURMERIC

P. POINT-6328

S1- 6300                                                                R1-6370

S2- 6265                                                                R2-6410

TODAY AGRI COMMODITY MARKET NEWS & LEVELS REPORT 21 MARCH 2017.

AGRI COMMODITY MARKET OUTLOOK

Soybean

Soybean April futures closed higher on Monday as supplies have been lower due to lower prevailing prices and good domestic as well as export demand. Soybean exports during Oct-Feb were estimated at 112,000 tonnes, compared with 80,186 tonnes in the year-ago period, as per SOPA press release. Arrivals during February fell to 650,000 tons as compared to 900,000 tons in January.

Refine Soy Oil

Refined soy oil futures closed higher on Monday and continue uptrend on good domestic demand and firm rival palm oil. The prices are firming up despite higher imports of edible oil in Feb and cut in base import prices for edible oil. According to data released by the Solvent Extractors' Association of India (SEA), India's edible oil imports rose 15.8% on year to 1.23 mt in February. The government has cut the base import price of soyoil by $9 per tonnes for second half of March. The base import price of crude soyoil is now at $805 from $879 during Feb first half.

Jeera

Jeera March future closed higher due to good demand seen in spot markets. However, market participants are expecting good exports demand in coming weeks. The arrivals have been good in the physical market. As per Agmarknet data, during Mar 1-20 about 30,695 tonnes of jeera arrived compared to 9,373 tonnes during last month same period.

Turmeric

NCDEX Turmeric continues to trade lower on Monday due higher arrivals and lower demand physical demand. The demand for the new season turmeric in recent weeks is lower. The turmeric arrivals in the country are higher at 115,205 tonnes during Mar 1- 20 compared to 30,945 tonnes during previous month, as per the Agmarknet data. On the export front, country exported about 82,115 tonnes during April-Dec period, up by 28% compared to last year exports of 64,105 tonnes, as per government data.

AGRI COMMODITY MARKET LEVELS

JEERA

P. POINT-17,220

S1 - 17000                                                          R1 -17400

S2 –16800                                                          R2 -17600

SOYABEAN

P. POINT-2913

S1 - 2890                                                             R1-2940

S2 - 2860                                                             R2-2970

CORIANDER

P. POINT-7207

S1- 7120                                                               R1-7280

S2- 7020                                                               R2-7370

R.M SEED

P. POINT-3891

S1 - 3870                                                              R1-3910

S2 - 3850                                                              R2-3940

TURMERIC

P. POINT-6394

S1- 6350                                                                R1-6420

S2- 6270                                                                R2-6470

TODAY NCDEX MARKET NEWS & LEVELS UPDATE 15 MARCH 2017.

AGRI COMMODITY MARKET OUTLOOK

Soybean

Soybean April futures closed lower on Tuesday due to huge supplies n physical markets. The oil millers and stockists are active at lower prices. As per SEA monthly release, India exported 207,977 tonnes soymeal in February, up from 29,950 tonnes in the year-ago period. The exports were higher this year as prices of Indian soymeal are more competitive.

Refine Soy Oil

Refined soy oil futures continue to fall on Tuesday tracking international prices, adequate supplies and import tariff cut making imports cheap. Domestic edible oil in 2016/17 is forecast to produce 72.8 lt, up 25.5% compared to last year’s production of 58 lt. The government has cut the base import price of soyoil by $33 per tonnes for first half of March, steepest cut among other edible oils. The base import price of crude soyoil is now at $814.

Jeera

Jeera March future closed lower on Tuesday due to profit booking after tracking higher arrivals in the physical market and lower physical demand. The arrivals have been good in the physical market. There are expectations of increase in export demand at slightly lower levels. As per Agmarknet data, during Mar 1-13 about 18,303 tonnes of jeera arrived compared to 4,670 tonnes during last month same period.

Turmeric

NCDEX Turmeric fell lower last week due higher arrivals and lower demand. The demand for the new season turmeric in recent weeks is lower. The turmeric arrivals in the country are higher at 50,506 tonnes during Mar 1-13 compared to 11,057 tonnes during previous month, as per the Agmarknet data. On the export front, country exported about 82,115 tonnes during April-Dec period, up by 28% compared to last year exports of 64,105 tonnes, as per government data.

AGRI COMMODITY MARKET LEVELS

JEERA

P. POINT-16,740

S1 - 16550                                                          R1 -16950

S2 –16400                                                          R2 -17150

SOYABEAN

P. POINT-2857

S1 - 2830                                                             R1-2870

S2 - 2800                                                             R2-2995

CORIANDER

P. POINT-6620

S1- 6645                                                               R1-6660

S2- 6505                                                               R2-6735

R.M SEED

P. POINT-3863

S1 - 3818                                                              R1-3889

S2 - 3792                                                              R2-3934

TURMERIC

P. POINT-6618

S1- 6560                                                                R1-6680

S2- 6480                                                                R2-6740

TODAY OVERVIEW AN AGRI COMMODITY MARKET UPDATE 14 MARCH 2017.

AGRI COMMODITY MARKET OUTLOOK

Soybean

Soybean futures closed lower last week on expectation of adequate supplies in physical markets capped further gain. The oil millers are active at lower prices. Soybean in spot market gets some boost from increase in meal exports. As per SEA monthly release, India exported 207,977 tonnes soymeal in February, up from 29,950 tonnes in the year-ago period. The exports were higher this year as prices of Indian soymeal are more competitive.

Refine Soy Oil

Refined soy oil futures continue to fall on Monday tracking international prices, adequate supplies and import tariff cut making imports cheap. Domestic edible oil in 2016/17 is forecast to produce 72.8 lt, up 25.5% compared to last year’s production of 58 lt. The government has cut the base import price of soyoil by $33 per tonnes for first half of March, steepest cut among other edible oils. The base import price of crude soyoil is now at $814.

Jeera

Jeera March future closed lower on Friday due to profit booking but good spot demand keeps the prices higher. The arrivals have been good in the physical market. There are expectations of increase in export demand at slightly lower levels. As per Agmarknet data, during Mar 1-13 about 18,303 tonnes of jeera arrived compared to 4,670 tonnes during last month same period.

Turmeric

NCDEX Turmeric fell lower last week due higher arrivals and lower deamnd. The demand for the new season turmeric in recent weeks is lower. The turmeric arrivals in the country is higher at 50,506 tonnes during Mar 1-13 compared to 11,057 tonnes during previous month, as per the Agmarknet data. On the export front, country exported about 82,115 tonnes during April-Dec period, up by 28% compared to last year exports of 64,105 tonnes, as per government data.

AGRI COMMODITY MARKET LEVELS

JEERA

P. POINT-17010

S1 - 16800                                                          R1 -17300

S2 –16600                                                          R2 -17600

SOYABEAN

P. POINT-2872

S1 - 2860                                                             R1-2890

S2 - 2845                                                             R2-2910

CORIANDER

P. POINT-6620

S1- 6645                                                               R1-6660

S2- 6505                                                               R2-6735

R.M SEED

P. POINT-3863

S1 - 3818                                                              R1-3889

S2 - 3792                                                              R2-3934

TURMERIC

P. POINT-6692

S1- 6430                                                                R1-6810

S2- 6560                                                                R2-6930

TODAY OVERVIEW IN AGRI COMMODITY MARKET REPORT 08 MARCH 2017.

AGRI COMMODITY MARKET OUTLOOK

Soybean

Soybean futures fall further on Tuesday tracking weak physical demand amid adequate supplies. The oil millers are active at lower prices. Soybean in spot market gets some boost from increase in meal exports. As per SEA monthly release, India exported 207,977 tonnes soymeal in February, up from 29,950 tonnes in the year-ago period. The exports were higher this year as prices of Indian soymeal are more competitive.

Refine Soy Oil

Refined soy oil futures closed lower on Tuesday tracking international prices. Moreover, cut in import tariff also pressurize the futures price. Domestic edible oil in 2016/17 is forecast to produce 72.8 lt, up 25.5% compared to last year’s production of 58 lt. The government has cut the base import price of soyoil by $33 per tonnes for first half of March, steepest cut among other edible oils. The base import price of crude soyoil is now at $814.

Jeera

Jeera March future closed higher on Tuesday and continues its sideways movement since last week due to higher arrivals and good demand. There are expectations of increase in export demand at slightly lower levels. Market participants continue to short sell and rolling over their positions to April contracts. The arrivals of jeera in Gujarat are improving so as the demand. As per Agmarknet data, during Feb 27- Mar 4 about 9,901 tonnes of jeera arrived compared to 6,273 tonnes in the previous week.

Turmeric

NCDEX Turmeric closed on a negative note on Tuesday despite surge in spot prices. The arrivals of the new season turmeric in recent weeks have improved but the demand is not matching. The turmeric arrivals in the country increase to 54,641 tonnes during Feb 27- Mar 4 compared to 28,454 tonnes during previous week, as per the Agmarknet data. On the export front, country exported about 82,115 tonnes during April-Dec period; up by 28% compared to last year exports of 64,105 tonnes, as per government data.

AGRI COMMODITY MARKET LEVELS

JEERA

P. POINT-17035

S1 - 16830                                                          R1 -17200

S2 –16530                                                          R2 -17450

SOYABEAN

P. POINT-2814

S1 - 2790                                                             R1-2840

S2 - 2750                                                             R2-2890

CORIANDER

P. POINT-6710

S1- 6780                                                               R1-6590

S2- 6670                                                               R2-6480

R.M SEED

P. POINT-3830

S1 - 3813                                                              R1-3856

S2 - 3787                                                              R2-3873

TURMERIC

P. POINT-6644

S1- 6590                                                                R1-6725

S2- 6510                                                                R2-6800

TODAY AGRI COMMODITY MARKET NEWS AND LEVELS UPDATE REPORT 06 MARCH 2016.

AGRI COMMODITY MARKET OUTLOOK

Soybean

Soybean futures closed little higher for the week on bargain buying but reports adequate supplies in coming months keeping prices in a range. The oil millers are active at lower prices. Soybean in spot market gets some boost from increase in meal exports. 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 higher last week on tracking international price jump and technical trading despite cut in import tariff. 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. The government has cut the base import price of soyoil by $33 per tonnes for first half of March which is the steepest cut among other edible oils. The base import price of crude soyoil is now at $814.

Jeera

Jeera March future closes the week on negative note on higher arrivals and pressure on the spot prices. There are expectations of increase in export demand. Market participants continue to short sell and rolling over their positions to April contracts. The arrivals of jeera in Gujarat are improving so as the demand. As per Agmarknet data, during Feb 27- Mar 4 about 9,901 tonnes of jeera arrived compared to 6,273 tonnes in the previous week.

Turmeric

NCDEX Turmeric closed higher last week and continues to trade range bound. The arrivals of the new season turmeric in recent weeks have improved so as demand for new season crop. The turmeric arrivals in the country increase to 54,641 tonnes during Feb 27- Mar 4 compared to 28,454 tonnes during previous week, as per the Agmarknet data. On the export front, country exported about 82,115 tonnes during April-Dec period, up by 28% compared to last year exports of 64,105 tonnes, as per government data.

AGRI COMMODITY MARKET LEVELS

JEERA

P. POINT-16830

S1 - 16700                                                          R1 -17200

S2 –16400                                                          R2 -17400

SOYABEAN

P. POINT-2899

S1 - 2860                                                             R1-2930

S2 - 2840                                                             R2-2960

CORIANDER

P. POINT-6854

S1- 6780                                                               R1-6920

S2- 6670                                                               R2-7050

R.M SEED

P. POINT-3904

S1 - 3880                                                              R1-3940

S2 - 3850                                                              R2-3970

TURMERIC

P. POINT-6838

S1- 6745                                                                R1-6910

S2- 6680                                                                R2-6970

TODAY OVERVIEW IN AGRI COMMODITY MARKET NEWS AND LEVELS UPDATE 03 MARCH 2017.

AGRI COMMODITY MARKET OUTLOOK

Soybean

Soybean futures closed lower on Thursday due to reports that the supplies will adequate in coming months. The production is expected to be higher this year and the oil millers are active at lower prices. Soybean in spot market gets some boost from increase in meal exports. 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 higher due to technical rebound on Thursday despite cut in import tariff. 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. The government has cut the base import price of soyoil by $33 per tonnes for first half of March which is the steepest cut among other edible oils. The base import price of crude soyoil is now at $814.

Jeera

Jeera March future closed higher on Thursday on expectation of increase in export demand. Market participants continue to short sell and rolling over their positions to April contracts. The arrivals of jeera in Gujarat are improving so as the demand. As per Agmarknet data, 6,411 tonnes of jeera arrived during Feb 27- Mar 2 compared to 4,611 tonnes in the previous week.

Turmeric

NCDEX Turmeric closed higher on Thursday and continues to trade range bound. The arrivals of the new season turmeric in recent weeks have improved. The turmeric arrivals in the country increase to 42,993 tonnes during Feb 27- Mar 2 compared to 28,342 tonnes during previous week, as per the Agmarknet data. On the export front, country exported about 82,115 tonnes, up by 28% during April-Dec period compared to last year exports of 64,105 tonnes, as per government data.

AGRI COMMODITY MARKET LEVELS

JEERA

P. POINT-17018

S1 - 16847                                                        R1 -17247

S2 –16618                                                        R2 -17418

SOYBEAN

P. POINT-2918

S1 - 2904                                                             R1-2930

S2 - 2892                                                             R2-2944

CORIANDER

P. POINT-6816

S1- 6733                                                               R1-6982

S2- 6567                                                               R2-7065

R.M SEED

P. POINT-3905

S1 - 3881                                                              R1-3944

S2 - 3842                                                              R2-3968

TURMERIC

P. POINT-6794

S1- 6680                                                                R1-6840

S2- 6610                                                                R2-6920

TODAY VIEWS ON AGRI COMMODITY MARKET NEWS UPDATE 02 MARCH 2017.

AGRI COMMODITY MARKET OUTLOOK

Soybean

Soybean futures closed lower on Wednesday due to profit booking at higher prices as supplies have been adequate throughout the season. 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 closed lower despite higher international prices mainly due to cut in import tariff. CBOT soy oil jumps 2.39% on Wednesday thus increase more than 6% in two days after the head of the Renewable Fuels Association said that U.S. President Donald Trump's administration would lift the responsibility for blending bio fuels 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 unchanged on Wednesday due to uncertainty over export demand at higher prices. Market participants continue to short sell 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 closed lower on Wednesday and continues to trade range bound. The arrivals of the new season turmeric in recent weeks 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 - 16750                                                        R1 -17050

S2 –16630                                                        R2 -17200

SOYABEAN

P. POINT-2923

S1 - 2900                                                             R1-2960

S2 - 2870                                                             R2-3000

CORIANDER

P. POINT-6634

S1- 6510                                                               R1-6735

S2- 6390                                                               R2-6845

R.M SEED

P. POINT-3883

S1 - 3850                                                              R1-3910

S2 - 3820                                                              R2-3940

TURMERIC

P. POINT-6758

S1- 6680                                                                R1-6840

S2- 6610                                                                R2-6920