TODAY AGRI COMMODITY MARKET OVERVIEW UPDATE 11 APRIL 2017.

AGRI COMMODITY MARKET OUTLOOK

Soybean

Soybean May futures closed lower on Monday and continues its decline as supplies have improved last week but demand remains steady at lower levels. The supplies have increased during the last week compared to previous week. As per Agmarknet, arrivals of soybean during Apr 3-8 is 43,753 while during Mar 27- Apr 1 were about 32,514 tonnes Vs 90,767 tonnes during previous week. As per latest SEA data, Soymeal exports from the country jumped by 137% to 916,306 tonnes in 2016/17 Vs 387,298 tonnes during last financial year 2015/16, however, m/m the exports have declined to 107,059 tonnes in Mar compared to 207,977 tonnes in Feb 2017.

Refine Soy Oil

Refined soy oil futures fells on Monday and continue its range bound to lower trend tracking reports of high stocks with the stockists and good cheap imports. Prices are week at the moment mainly due to weakness in US and bearish trend in Malaysian palm oil. Meanwhile, government lowered the base import price of crude soyoil by $21 to $784 per tonnes for first half of April which may pressurize edible oil. There is expectations of bumper oilseeds output and higher availability of edible oil in the country.

Jeera

Jeera April futures closed higher on Monday due to expectation of good demand for exports coupled with lower than expected supplies. The arrivals have been lower during the second half of current month compared to last month same period while the demand have increased. As per Agmarknet data, during second half of March about 21,722 tonnes of jeera arrived compared to 22,108 during first half. On the export front, Country the exports increase by 32.7% to 1,01,188 tonnes in first 10 month of marketing year 2016/17 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

NCDEX Turmeric continue its down trend on Monday tracking lower prices in spot market due to higher supplies and steady demand. However, turmeric arrivals in the country is on higher side during second half of March at 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 89,704 tonnes during April-Jan period, up by 28.3% compared to last year exports of 69,870 tonnes, as per government data. There are expectations of improved demand in coming weeks as prices are lower.

AGRI COMMODITY MARKET LEVELS

JEERA

P. POINT-19,190

S1 - 19000                                                          R1 -19400

S2 –18750                                                          R2 -19600

SOYABEAN

P. POINT-2913

S1 - 2900                                                             R1-2935

S2 - 2880                                                             R2-2960

CORIANDER

P. POINT-7307

S1- 7250                                                               R1-7450

S2- 7180                                                               R2-7570

R.M SEED

P. POINT-3869

S1 - 3850                                                              R1-3890

S2 - 3830                                                              R2-3940

TURMERIC

P. POINT-6264

S1- 6200                                                                R1-6350

S2- 6130                                                                R2-6420

TODAY AGRI COMMODITY MARKET NEWS & LEVEL REPORT UPDATE 05 APRIL 2017.

AGRI COMMODITY MARKET OUTLOOK

Soybean

Soybean April futures closed higher on Monday due to bargain buying and lower arrivals. The supplies have been decreased drastically last week compared to previous week. As per Agmarknet, arrivals of soybean during Mar 27- Apr 1 were about 32,514 tonnes Vs 90,767 tonnes during previous week. The mills have procured large volumes of soybean earlier in the season lower levels which helps in more competitive prices of meals for record exports.

Refine Soy Oil

Refined soy oil futures continue its range bound movement tracking steady demand from the physical market and reports of high stocks with the stockists. Prices are week at the moment mainly due to weakness in US and bearish trend in Malaysian palm oil.  

Jeera

Jeera April futures hit upper circuit on Monday triggered by good demand for exports coupled with lower than expected supplies. The arrivals have been lower during the second half of current month compared to last month same period while the demand have increased. As per Agmarknet data, during second half of March about 21,722 tonnes of jeera arrived compared to 22,108 during first half. 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.

Turmeric

NCDEX Turmeric closed lower Monday on good arrivals and lower physical demand. The turmeric arrivals in the country is on higher side during second half of March at 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-18,615

S1 - 18300                                                          R1 -18800

S2 –18100                                                          R2 -19000

SOYABEAN

P. POINT-2870

S1 - 2840                                                             R1-2895

S2 - 2810                                                             R2-2920

CORIANDER

P. POINT-7714

S1- 7610                                                               R1-7790

S2- 7505                                                               R2-7865

R.M SEED

P. POINT-3939

S1 - 3905                                                              R1-3960

S2 - 3870                                                              R2-3985

TURMERIC

P. POINT-6304

S1- 6230                                                                R1-6350

S2- 6160                                                                R2-6430

TODAY AGRI COMMODITY MARKET OVERVIEW REPORT 03 APRIL 2017.

AGRI COMMODITY MARKET OUTLOOK

Soybean

Soybean April futures closed lower of the week on weak spot demand despite less arrivals. The supplies have been decreased drastically this week compared to previous week. As per Agmarknet, arrivals of soybean during 27-31 Mar were about 24,979 tonnes Vs 80,092 tonnes during previous week. The mills have procured large volumes of soybean earlier in the season lower levels which helps in more competitive prices of meals for record exports. The market may get support at lower levels from news of Govt to allow export of edible oils including soya oil.

Refine Soy Oil

Refined soy oil futures closed lower last week tracking weak demand from the physical market and reports of high stocks with the stockists. Prices are week mainly due to weakness in US and bearish trend in Malaysian palm oil. The government lowered the base import price of crude soy oil by $21 to $784 per tonnes for first half of April which may pressurize edible oil. There is expectations of bumper oilseeds output and higher availability of edible oil in the country.  

Jeera

Jeera April futures closed lower last week basically on profit booking as demand from physical market slowed down. Exchange will impose a 5% additional margin on all running as well as yetto-be-launched futures contracts of jeera, on both buy and sell positions. The arrivals have been good during the second half of current month compared to last month same period. As per Agmarknet data, during second half of March about 23,379 tonnes of jeera arrived compared to 20,042 during first half.

Turmeric

NCDEX Turmeric closed lower last week amid 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-17900

S1 - 17700                                                          R1 -18200

S2 –17500                                                          R2 -18400

SOYABEAN

P. POINT-2855

S1 - 2850                                                             R1-2865

S2 - 2840                                                             R2-2875

CORIANDER

P. POINT-7537

S1- 7520                                                               R1-7560

S2- 7500                                                               R2-7580

R.M SEED

P. POINT-3908

S1 - 3880                                                              R1-3950

S2 - 3850                                                              R2-3985

TURMERIC

P. POINT-6278

S1- 6240                                                                R1-6340

S2- 6210                                                                R2-6400

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