Daily Agri Report
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“Agricultural commodity”, as used in this subchapter, means wheat, cotton, flax, corn, dry beans, oats, barley, rye, tobacco, rice, peanuts, soybeans, sugar beets, sugar cane, tomatoes, grain sorghum, sunflowers, raisins, oranges, sweet corn, dry peas, freezing and canning peas, forage, apples, grapes, potatoes, timber and forests, nursery crops, citrus, and other fruits and vegetables, nuts, tame hay, native grass, aquacultural species (including, but not limited to, any species of finfish, mollusk, crustacean, or other aquatic invertebrate, amphibian, reptile, or aquatic plant propagated or reared in a controlled or selected environment), or any other agricultural commodity, excluding stored grain, determined by the Board, or any one or more of such commodities, as the context may indicate.
Transcript of Daily Agri Report
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13-10-2015
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COMMODITY OPEN HIGH LOW CLOSE
CHANA 5117 5214 5071 5209
CASTORSEED 4151 4174 4102 4128
RMSEED 4856 4955 4830 4947
SYBEANIDR 3800 3848 3775 3825
JEERAUNJHA 11900 16314 16065 16100
MENTHAOIL 880.70 880.70 860.00 861.90
TURMERIC 8080 8226 8064 8110
DHANIYA 11900 12314 11900 12299
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Jeera prices settled flat paring gains on profit booking after gaining on the back of pick-up in demand from local traders and overseas enquiries. Exports for 2015-16 show a decline trend compared to last year. Moreover, the prices of jeera at spot market increased due to good domestic demand ahead of festival season. The jeera export from India may be lower due to quality issues and higher prevailing prices. As per Department of commerce data, exports from India in first four months of FY 2015-16 is 31,419 MT.
Mentha oil settled up due to firming trend at the spot market on pickup in demand against restricted supplies from Chandausi in Uttar Pradesh. Further, expectations of lower production due to lower plantings of the aromatic herb on falling prices in the last two years too added support to Mentha oil prices. Mentha oil production in India is likely to decline by 20% due to lower plantings of the aromatic herb on falling prices in the last two years, too led to the rise in mentha oil prices.
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RMSEED TECHNICAL UPDATE
NCDEX RMSEED OCT 2015
RESEARCHER VIEW
The above Daily chart of RMSEED OCT suggests that prices have reverse after taking resistance level. RSI is a buy mode. We expect prices to correct up to levels of 4900.
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SYBEANIDR TECHNICAL UPDATE
NCDEX SYBEANIDR OCT 2015
RESEARCHER VIEW
The above Daily chart of SYBEANIDR OCT suggests that prices have reverse after taking resistance level. RSI is in buy mode. We expect prices to correct up to levels of 3890.
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The information contained here was gathered from sources deemed reliable however; no claim is made as to accuracy or content. This does
not contain specific recommendations to buy or sell at particular prices
or time, nor should any examples presented be deemed as such. There is
a risk of loss in commodity trading and you should carefully consider
your financial position before making a trade. This is not, nor is it
intended, to be a complete study of chart patterns or technical analysis
and should not be deemed as such. Money Classic Investment Advisors
does not guarantee that such information is accurate or complete and it
should not be relied upon as such. Any opinions expressed reflect
judgments at this date and are subject to change without notice. For use
at the sole discretion of the investor without any liability on Money
Classic Investment Advisors.
MONEY CLASSIC INVESTMENT ADVISORS WEBSITE- WWW.MONEYCLASSIC RESEARCH.COM EMAIL- [email protected] CONTACT NO. - (M) 9049777700
