TODAY AGRI COMMODITY MARKET UPDATE 03 JANUARY 2016.

AGRI   COMMODITY MARKET OUTLOOK

Soybean

Soybean futures closed higher on Monday on anticipation of 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 surged higher on Monday due to anticipation of good physical demand and improved soybean prices in the domestic market.

Crude Palm oil

CPO Futures closed higher on Monday tracking other edible oils and good domestic demand  from the stockists in anticipation of firm International market.

Jeera

Futures continue to trade higher this week and closed about 2.11% higher on Monday tracking good demand in the physical market. The progress of Jeera sowing in Gujarat is  lagging

behind last year acreage after promising start to sowing season.

NCDEX Market update:-

JEERA

PP- 17810

R1- 17950                                              S1-17600

R2- 18100                                              S2-17400

TURMERIC

PP- 6762

R1- 6820                                                 S1-6700

R2- 6890                                                 S2-6630

CORIANDER

PP- 7324

R1- 7390                                                  S1-7270

R2- 7450                                                  S2-7220

SOYBEAN

PP- 3029

R1- 3040                                                 S1-3010

R2- 3070                                                 S2-2980

MUSTERED OIL

PP- 4348

R1- 4380                                                S1-4300

R2- 4410                                                S2-4255

GAUR SEED

PP- 3238

R1- 3270                                                 S1-3210

R2- 3300                                                 S2-3160