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