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