DAILY AGRI COMMODITY REPORT

8 November 2016

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Market Views
MONT
H

OPEN

HIGH

CLOS
E

LOW

% CHG

VOL

MONT
H

OPEN

HIGH

7827

7890

7682

SUPPORT

SUPP.1

SUPP. 2

7627

7550

7704

PIVOT

INTRADAY
LEVELS

7758
RESISTA
NCE

RES. 1

RES. 2

7835

7966

-2.16

1870

Coriander short term

trend is bearish and May
continue in coming days.

SUPPORT

SUPP. 1

SUPP. 2

7298

7386

SUPPORT

SUPP.1
7303

7280

7368

7344
RES. 2

7409

7450

RES. 1

RES. 2

GUARGUM

1.74

4465

OCT

6200

6224

6095

SUPPORT

SUPP. 1

SUPP. 2

6060

6013

7052723
8

RES. 1

RESISTA
NCE

PIVOT

RESISTA
NCE

VOL

LEVELS

SUPP. 2

INTRADA
Y LEVELS

% CHG

PIVOT

INTRADAY

TURMERIC

SEP

CLOS
E

CASTORSEED

CORIANDER

SEP

LOW

Turmeric short term

trend is bearish and May
continue in coming days.

6108

PIVOT

INTRADAY
LEVELS

6142

RESISTA
NCE

RES. 1

RES. 2

6189

6271

-1.48

4500

Guargum short term

trend is bearish and May
continue in coming days.

Most Active Contract

NCDEX INDICES
TOP GAINERS
Symbol

Expiry Date

Current Price

Change

Change %

Index

Value

Pre.
Close

%
Change

RAPESEED-MUSTARD
SEED

18-11-2016

4714.00

177.00

3.90%

Castorseed

JEERA

18-11-2016

17965.00

485.00

2.77%

Chana

MAIZE FEED/INDUSTRIAL
GRADE

18-11-2016

1388.00

28.00

2.06%

Coriander

7750

7894

-1.82

Guargum5MT

6108

6200

-1.48

Jeera

17965

17715

1.41

Mustard seed

4714

4650

1.38

TOP LOSERS
Symbol

Expiry Date

Current Price

Change

Change %

SOY BEAN

18-11-2016

3012.00

-71.00

-2.30%

GUAR SEED 10 MT

18-11-2016

3270.00

-65.00

-1.95%

CORIANDER

18-11-2016

7750.00

-77.00

-0.98%

Soybean

3012

3069

-1.86

SUGAR M GRADE

20-12-2016

3434.00

-4.00

-0.12%

Turmeric

7476

7414

0.84

Commodities In News
Jeera futures traded up on NCDEX as speculators created fresh
positions, supported by a firm export and spot market demand.
However, good sowing prospects for jeera in Gujarat and Rajasthan are
pressurizing the prices as the sowing season is about to commenced.
The contract for November delivery was trading at Rs 18075, up by
2.03% or Rs 360 from its previous closing of Rs 17715. The open
interest of the contract stood at 4263 lots. The contract for December
delivery was trading at Rs 18310, up by 2.06% or Rs 370 from its
previous closing of Rs 17940. The open interest of the contract stood at
7782 lots on NCDEX.
Coriander futures traded marginally higher on NCDEX as
participants built up positions amid a firming trend at the physical
markets on rising demand. Further, limited arrivals from major
producing belts also fuelled the uptrend. The contract for November
delivery was trading at Rs 7895.00, up by 0.01% or Rs 1.00 from its
previous closing of Rs 7894.00. The open interest of the contract stood
at 8660 lots. The contract for December delivery was trading at Rs
7890.00, up by 0.2% or Rs 16.00 from its previous closing of Rs
7874.00. The open interest of the contract stood at 4790 lots on
NCDEX.
Soyabean futures edged up on NCDEX due to good demand from
traders and mills for the new season crops. However, poor inquiry in
soybean meal from domestic and overseas buyers as well as higher
supplies from the major producing belts, capped some gains. The
contract for November delivery was trading at Rs 3090.00, up by
0.32% or Rs 10.00 from its previous closing of Rs 3080.00.The open
interest of the contract stood at 88020 lots. The contract for December
delivery was trading at Rs 3165.00, up by 0.38% or Rs 12.00 from its
previous closing of Rs 3153.00. The open interest of the contract stood
at 90950 lots on NCDEX.

ECONOMIC NEWS

Prime Minister Narendra Modi will tomorrow inaugurate the first

International Agrobiodiversity Congress in the national capital where 900
delegates from 60 countries will discuss conservation of genetic resources.
The conference, to be held here on November 6-9, is being organised by
the Indian Society of Plant Genetic Resources and Biodiversity
International, a CGIAR Research Centre headquartered in Rome, Italy.
"Biodiversity conservation has become important. The status in our country
is not satisfactory. We will have to do much more," said M S
Swaminathan, an eminent scientist. "It is the duty of every nation to
conserve biodiversity," he told reporters here. Indian Council of
Agricultural Research (ICAR) Deputy Director General (crop sciences) J S
Sandhu said the Congress will provide a platform for knowledge sharing as
well as exchange of germplasm, a collective union of germ cells. "The
conference will also deliberate on the issue of efficient management of
gene banks at low cost with the use of new innovative technology," Sandhu
added.

Wheat sowing has begun with the crop covering 4.28 lakh hectare in the
ongoing rabi season, up by 55 per cent from a year ago, the Agriculture
Ministry said today. Wheat is the main rabi crop and sowing starts from
October, with harvesting from April. As per the latest government data,
wheat has been sown in 4.28 lakh hectare so far in this rabi (winter) season,
as against 2.76 lakh hectare in the year-ago period. Area under paddy has
increased to 9.51 lakh hectare from 6.25 lakh hectare, while oilseed
acreage has risen to 29.79 lakh hectare from 19.91 lakh hectare in the said
period. However, pulses sowing has not picked up yet as area covered is
down at 24.16 lakh hectare so far this rabi season as against 30.07 lakh
hectare in the year-ago period. Similarly, sowing area of coarse cereals was
down at 13.84 lakh hectare as against 29.92 lakh hectare in the same period
last year. The area under all rabi crops was marginally down at 81.58 lakh
hectare so far this rabi season when compared with 88.92 lakh hectare in
the year-ago period.

Technical Outlook

SELL CORIANDER DEC BELOW 7620 TARGET 7590 7550 7480

SL ABOVE 7650

SELL GUARGUM5 DEC BELOW 6064 TARGET 6034 5994 5944

SL ABOVE 6114

BUY TURMERIC DEC ABOVE 7386 TARGET 7420 7460 7510

SL BELOW 7338

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