DAILY AGRI REPORT 19TH FEBRUARY 2013

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 HEADLINES
Chana acreage rises on higher support price. Chana (gram) acreage has touched a record 94.99 lakh hectares (lha), as farmers in Andhra Pradesh, Karnataka, Madhya Pradesh and Maharashtra have planted more area. The increase is about 5 lakh ha more than last year. The rise in chana prices, coupled with a hike in minimum support prices (MSP), has helped expand overall acreage by over 5 lakh ha.

Trading tip:

The Centre has hiked the MSP by 14 per cent to Rs 3,200 a quintal for both chana and urad as part of its strategy to encourage farmers to grow more pulses to reduce import dependence. Corn, soybean prices to rise The CME Group corn, wheat and soybean markets are expected to be higher. The early calls for the commodities are higher. Corn is seen opening 4-6 cents higher. Soybeans are seen 6-8 cents higher and wheat 8-10 cents higher.

Buy Castorseed Mar Above 3550 TGTS- 3590/3650 SL- 3520

Sell Turmeric Apr Below 6320 TGTS-6270/6220 SL-6360

STOCK CHANA RM SEED SOYABEAN JEERA

EXPERT OPINION
S1 3,412 3,412 3,178 13310 S2 3,364 3,349 3,123 13170 R1 3,501 3,498 3,267 13590 R2 3,551 3,542 3,322 13710

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PRODUCT NAME

EXP DATE

OPEN

HIGH

LOW

CLOSE

LTP

CHG

PERCENTAGE CHANGE

CHANA PRODUCT CHILLI NAME Chana GUR Chilli JEERA Gur KAPAS Jeera PEPPER REFKapas SOYA Pepper SOY BEAN Ref Soya TURMERIC Oil Soy Bean WHEAT Turmeric Wheat New

7/19/2012 EXP DATE 7/19/2012 19-Apr-13 7/19/2012 20-Mar-13 7/19/2012 20-Mar-13 7/19/2012 20-Mar-13 7/19/2012 30-Apr-13 7/19/2012 20-Mar-13 7/19/2012 20-Mar-13 7/19/2012 20-Mar-13 7/19/2012 19-Apr-13 20-Mar-13

4556

DAILY MARKET STATISTICS

4573 4525 4560 HIGH 5060 3511 1188 6998 14960 1107 1053 13820 42555 926 783.6 37400 4330 712.9 4676 3244 1282 6412 1504 LOW 5018 3455 1178 6748 14650 1100 1035 13277.5 42250 912.5 777.4 36805 4265.5 705.4 4518 3216 1251 6320 1483 CLOSE 5120 3493 1183.5 6728 15052.5 1099 1049 13547.5 42390 915.5 782.85 37105 4303 709.35 4664 3222.5 1246 6350 1487

4532 LTP 5018 3458 1178

-28 CHANGE -102 -35 -5.5 264 -252.5 2 -8 -112.5 45 9 -1.55 -245 12 -3.1 -124 -1.5 36 46 4

-0.61 PERCENTAGE -1.99 CHANGE -1 -0.46 3.92 -1.68 0.18 -0.76 -0.83 0.11 0.98 -0.2 -0.66 0.28 -0.44 -2.66 -0.05 2.89 0.72 0.27

OPEN 5060 3495 1188 6768 14955 1101 1044 13590 42300 919 780.5 37215 4309 709.8 4600 3230 1251 6370 1491

6992 14800 1101 1041 13435 42435 924.5 781.3 36860 4315 706.25 4540 3221 1282 6396 1491

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 DAILY SOYABEAN CHART

ANALYSIS
OPEN: 3230 HIGH: 3244 LOW: 3216 CLOSE: 3221

SOYABEAN LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS

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 DAILY CHANA CHART

ANALYSIS
OPEN: 3493 HIGH: 3511 LOW: 3455 CLOSE: 3458

CHANA LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: SELL ON RISE

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