DAILY AGRI COMMODITY REPORT

23 November 2016

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Market Views
MONT
H

OPEN

HIGH

CLOS
E

LOW

% CHG

VOL

MONT
H

OPEN

HIGH

7800

7920

7800

SUPPORT

SUPP.1

SUPP. 2

7816

7748

7884

PIVOT

INTRADAY
LEVELS

7868
RESISTA
NCE

RES. 1

RES. 2

7936

7988

2.03

580

Coriander short term

trend is bearish and May
continue in coming days.

SUPPORT

SUPP. 1

SUPP. 2

6948

6970

6862

SUPPORT

SUPP.1

SUPP. 2

6844

6799

RES. 1

RES. 2

6952

7015

RES. 1

RES. 2

GUARGUM

6890

6907
RESISTA
NCE

VOL

LEVELS

RESISTA
NCE

PIVOT

INTRADA
Y LEVELS

% CHG

PIVOT

INTRADAY

TURMERIC

APR

CLOS
E

CASTORSEED

CORIANDER

JAN

LOW

-0.55

330

Turmeric short term

trend is bearish and May
continue in coming days.

DEC

6209

6210

6004

SUPPORT

SUPP. 1

SUPP. 2

6016

5907

6125

PIVOT

INTRADAY
LEVELS

6113

RESISTA
NCE

RES. 1

RES. 2

6222

6319

-0.73

10235

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 %

CORIANDER

20-12-2016

7885.00

114.00

1.47%

SOY BEAN

20-12-2016

3086.00

8.00

0.26%

BARLEY

20-12-2016

1830.50

0.50

0.03%

Index

Value

Pre.
Close

%
Change

Castorseed

Chana

Coriander

7885

7736

1.93

Guargum5MT

6125

6170

-0.73

TOP LOSERS
Symbol

Expiry Date

Current Price

Change

Change %

WHEAT

20-12-2016

2034.00

-89.00

-4.19%

Jeera

17330

17840

-0.62

COTTON SEED OIL CAKE

AKOLA

20-12-2016

1952.00

-49.00

-2.45%

Mustard seed

4668

4708

-0.85

JEERA

20-12-2016

17730.00

-220.00

-1.23%

Soybean

3144

3140

-0.26

Turmeric

7188

7236

-0.66

MAIZE FEED/INDUSTRIAL
GRADE

20-12-2016

1402.00

-16.00

-1.13%

Commodities In News
Soyabean futures traded higher on NCDEX, supported by higher
prices in international markets on continued signs of strong demand for
the US crop. Soyabean improved further as USDA reported export
inspections of US soybeans in the latest week at more than 2.6 million
tons, topping a range of trade expectations for 1.7 million to 2 million
tons. Furthermore, lower supplies in the physical market as there is
cash as well as supply crunch in all the Agricultural Produce Market
Committees (APMCs) mandis, too attributed rise on soyabean prices at
futures trade here. he contract for December delivery was trading at Rs
3104, up by 0.78% or Rs 24 from its previous closing of Rs 3080. The
open interest of the contract stood at 135730 lots. The contract for
January delivery was trading at Rs 3164, up by 0.76% or Rs 24 from its
previous closing of Rs 3140. The open interest of the contract stood at
53970 lots on NCDEX.
Turmeric futures traded higher on NCDEX as participants built up
fresh positions, driven by uptick in domestic as well export demand in
the spot market. Further, restricted supplies from producing regions
also added support to turmeric prices uptrend. The contract for
December delivery was trading at Rs 7276, up by 0.55% or Rs 40 from
its previous closing of Rs 7236. The open interest of the contract stood
at 7780 lots. The contract for April delivery was trading at Rs 6946, up
by 0.26% or Rs 18 from its previous closing of Rs 6928. The open
interest of the contract stood at 6345 lots on NCDEX.
Jeera futures traded higher on NCDEX due to good buying support
from retailers and stockists at the spot market. Further, expectation of
fresh export enquiries from Bangladesh and China amid restricted
arrivals from growing regions too fuelled the uptrend. The contract for
December delivery was trading at Rs 18040, up by 1.12% or Rs 200
from its previous closing of Rs 17840. The open interest of the contract
stood at 7935 lots. The contract for January delivery was trading at Rs
17740, up by 1.46% or Rs 255 from its previous closing of Rs 17485.
The open interest of the contract stood at 2427 lots on NCDEX.

ECONOMIC NEWS

Sowing of rabi crops like wheat, pulses and oilseeds has not been
affected due to banning of old Rs 500 and Rs 1,000 notes, Agriculture
Minister Radha Mohan Singh today said, ruing that politics is being played
in the name of farmers. "The decision to ban Rs 500 and Rs 1,000 notes
was taken to curb blackmoney and corruption. This is going to directly
benefit farmers and poor people. This decision is being opposed saying it is
affecting farmers and would impact rabi sowing. But the truth is the move
is being opposed for personal interest," Singh said in a statement. Stating
that some people are playing politics in the name of farmers, the minister
said sowing area of wheat, pulses and oilseeds has been higher till
November 18 of this rabi season compared with the year-ago
period. Similarly, area sown to pulses has increased to 74.55 lakh hectares
from 69.98 lakh hectares while oilseeds acreage has gone up to 56.16 lakh
hectares from 48.74 lakh hectares in the said period.

India's crop yields are lower than those in the US, Europe and China and
the government is implementing several schemes to address this issue,
Agriculture Minister Radha Mohan Singh said today. India's crop yields
are lower than those in the US, Europe and China and the government is
implementing several schemes to address this issue, Agriculture Minister
Radha Mohan Singh said today. Large areas being under-rainfed and harsh
environment also accounted for non-realisation of productivity potential of
improved technologies, he said. Singh said that in countries with high
productivity, crops are largely grown in high input management conditions
of long growing period without any stress of moisture and temperature.
Replying to a query that if there was sluggish progress in improving crop
yields, the Minister said the Indian Council of Agricultural Research
(ICAR) is conducting research in 26 commodities, while several schemes
such as National Food Security Mission (NFSM) have been rolled out to
increase production and productivity of agri-crops.

Technical Outlook

BUY CORIANDER DEC ABOVE 7920 TARGET 7970 8030 8100 SL

BELOW 7890

SELL GUARGUM5 DEC BELOW 6100 TARGET 6050 5990 5940

SL ABOVE 6150

SELL TURMERIC DEC BELOW 7140 TARGET 7085 7045 6995

SL ABOVE 7188

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