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
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