WEEKLY AGRI REPORT 4TH JANUARY 2013

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 HEADLINES
NCDEX Soybean has resistance at Rs 3294.67
On the National Commodity & Derivatives Exchange, soy futures today ended marginally up on late session recovery responding to fall in rupee from early highs against the dollar. Rupee has inverse correlation with soyoil due to India's heavy dependence on dollar denominated imports of edible oils. Crude palm oil futures on MCX ended in the red factoring the rise in rupee, coupled with weak winter season demand for the cheapest edible oil, which has a

TRADING TIP:

tendency to crystallize in low temperatures. Mustard futures ended lower on improved crop output prospects due to the over 2% rise in acreage and favorable weather in north India. Soybean prices across markets were marginally down in absence of cues from futures market, which remained flat.

BUY JEERA MAR ABOVE 13810 TGTS 13950/14100 SL 13640 SELL CHANA APR BELOW 3480 TGTS 3440/3400 SL 3520
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EXPERT OPINION
STOCK CHANA RM SEED SOYABEAN JEERA S1 S2 R1 R2

3,421 3,419 3,185 13,387

3,367 3,373 3,105 12,980

3,578 3,504 3,305 14,099

3,681 3,543 3,345 14,404

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PRODUCT NAME

EXP DATE

OPEN HIGH LOW CLOSE LTP WEEKLY MARKET ANALYSISCHG

PERCENTAGE CHANGE

Pepper
CHANA 4556 4573 4525 4532 -28 Pepper 7/19/2012 prices weakened by Rs 90 to Rs 36,855 4560 quintal in futures trade -0.61 as per today

speculators reduced their positions after fall in demand at prevailing higher levels in the spot
CHILLI 5060 5120 5018 -102 -1.99 market.7/19/2012 expectations 5060 However, of higher 5018 output also put pressure on pepper prices. At the

National Commodity and Derivatives Exchange, pepper for delivery in March month declined GUR Rs 90, or 0.24 per cent to Rs 36,855 per quintal with an open interest of 1,670 lots. 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46 by
JEERA

Chilli7/19/2012

14955

14960

14650

15052.5

14800

-252.5

-1.68

Chilli prices rose by Rs 100 per quintal in the national capital today, largely on the back of a KAPAS 1053 1035 1049 1041 -8 -0.76 pick-up7/19/2012 from local parties as well as overseas enquiries. Firming trend in futures in demand 1044 market also supported the uptrend in select spice prices. Red chilli prices rose by Rs 100 to PEPPER 42300 42555 42250 42390 42435 45 0.11 settle at7/19/2012 Rs 6,500-11,500 per quintal. Turmeric REF SOYA 7/19/2012
SOY BEAN 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2

Turmeric prices declined by Rs 36 to Rs 6,406 per quintal in futures market today owing to 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28 subdued demand in the spot market against sufficient supplies. At the National Commodity and Derivatives Exchange, turmeric for delivery in May declined by Rs 36, or 0.56 per cent to TURMERIC6,406 per quintal 4600 an open interest of 7,565 lots. Likewise, the -124 for delivery in 7/19/2012 4676 4518 4664 4540 -2.66 Rs with spice April contract traded lower by Rs 32, or 0.50 per cent to Rs 6,310 per quintal in 27,860 lots.
WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89

Jeera Jeera prices fell by 0.93 per cent to Rs 13,527.50 per quintal in futures trading today as speculators trimmed positions largely on hopes of higher output this year. At the National Commodity and Derivatives Exchange, Jeera for delivery in April fell by Rs 127.50, or 0.93 per cent to Rs 13,527.50 per quintal with an open interest of 5,688 lots. Similarly, the spice for delivery in the March contract declined by Rs 125, or 0.92 per cent, to Rs 13,440 per quintal in 11,466 lots. Market analysts said, off-loading of positions by speculators on hopes of higher output this year due to favorable weather conditions in producing states mainly put pressure on jeera prices at futures trade.

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 WEEKLY SOYABEAN CHART

ANALYSIS
OPEN: 3204 HIGH: 3265 LOW: 3145 CLOSE: 3264

SOYABEAN LOOKS UPWARDS TREND: CONSOLIDATED STRATEGY: BUY ON DIPS

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 WEEKLY CHANA CHART

ANALYSIS
OPEN: 3614 HIGH: 3627 LOW: 3470 CLOSE: 3476

CHANA LOOKS DOWNWARDS TREND: CONSOLIDATED STRATEGY: SELL ON RISE

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