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WEEKLY AGRI REPORT

02-JUN-2014
NCDEX WEEKLY Newsletter 4)
AGRI COMMODITY WEEKLY WRAP UP..!!!!
JEERA FUTURE
Jeera futures are likely to encounter fresh selling from higher levels due to weak export demand in local against
strong supplies in local mandies. The !"E# futures are likely to test Rs $%&'%($%')% levels in the near term.
As per market sources* the export demand of +eera in local mandies will ,e underchecked at current levels on the
account of fresh supplies from -yria and Turkey in international market. The prices will also ,e pressuri.ed ,y
higher supplies in local mandies. The spot market data suggested that daily arrivals of /% thousand ,ags of +eera
have ,een reported in previous trading against the demand of $/ thousand ,ags. The spot prices of average
0uality of +eera have ,een trading in the range of Rs &&%%($%%%% per 0uintal at Un+ha mandi.
The !"E# futures settled flat at Rs $$$$% per 0uintal. The !"E# futures added $./%1 in the last trading
indicating fresh selling ,y traders. Technically* prices are likely to witness fresh selling from $$$&%($$/)% levels*
while supports at $%&'%($%')% levels in the near term.
23EAT FUTURE
-elling continued in wheat futures from higher levels due to anticipation of higher procurement in the current
season along with thin offtake ,y millers at higher levels. The !"E# futures declined ,y %.)41 today.
The market sources suggested that the estimated total procurement in Ra,i /%$5 is pro+ected to ,e close to 6$
million tonnes* which is much higher compared to last year. 3owever* in the past* there had ,een apprehension of
lower procurement due to untimely rainfall in ma+or producing states.
"espite weather vagaries and aggressive ,uying of wheat ,y private traders this season* procurement ,y the Food
!orporation of 7ndia 8F!79 has touched /:.:4 million tonnes 8as on /6rd ;ay /%$59* as compared to /).5/ mt
during the same period last year. This is mainly due to higher procurement in <un+a, * 3aryana and ;adhya
<radesh. The states like 3aryana has already reaches their procurement target of :) lakh tonnes for the current
year.
The !"E# July futures settled at Rs $):$ per 0uintal in the last trading* down %.)41 from the last day. The
!"E# futures added $.)%1 in open interest indicating fresh selling ,y traders.
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NCDEX WEEKLY Newsletter 4)
NCDEX WEEKLY TECHNICAL LEVELS
DHANIYA 4 HOURLY CANDLESTICK CHART


R$(':45 R/('&5) <<(')%) -$('665 -/('$:)
TRA"7= -TRATE=>?

@U> "3A7>A JU A@ABE ')'% T=T- ':'%*'&%% -C '5)%
-ECC "3A7>A JU @ECA2 '6'% T=T- '/'%*'$'% -C ')5%
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NCDEX WEEKLY Newsletter 4)
NCDEX WEEKLY TECHNICAL LEVELS
GUARSEED 4 HOURLY CANDLESTICK CHART
R$()65/ R/()556 <<()/%6 -$()$%/ -/(5':6

TRA"7= -TRATE=>?

@U> =UAR-EE" JU A@ABE )/'% T=T- )55%*):5% -C )%'%
-ECC =UAR-EE" JU @ECA2 )$6% T=T- 5'&%*54&% -C )66%
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NCDEX WEEKLY Newsletter 4)
NCDEX WEEKLY TECHNICAL LEVELS
JEERA 4 HOURLY CANDLESTICK CHART

R$($$/)4 R/($$64& <<($$%4& -$($%')4 -/($%44&

TRA"7= -TRATE=>?
@U> JEERA JU A@ABE $$/)% T=T- $$5)%*$$4)% -C $%')%
-ECC JEERA JU @ECA2 $%':) T=T- $%&$)*$%)$) -C $$/)%

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DISCLAIMER
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All R*g)ts Reser0e/.
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