Weekly-Agri-report by EPIC RESEARCH 11.02.13

7/29/2019 Weekly-Agri-report by EPIC RESEARCH 11.02.13

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WEEKLY AGRI REPORT

11

TH

FEBRUARY 2013

WWW.EPICRESEARCH.CO 9752199966
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www.epicresearch.co 9752199966

HEADLINES

U.S. Soybean Inventory Estimate Cut on Rising

Global Demand.

U.S. soybean supplies before the next harvest will be 7.4

percent smaller than forecast a month ago and the smal

since 2004 on rising demand for lastyears drought-

reduced crop, the government said.

Stockpiles on Aug. 31 will fall to 125 million bushels (3.4

million metric tons), down from 135 million estimated i

January and 169 million a year earlier, the U.S.

Department of Agriculture said today in a report. The

average estimate of 31 analysts surveyed by Bloomberg

News was 130 million. Soybean prices have dropped 17

percent since a record in September as South American

farmers planted more for a harvest just getting under wa

This is a signal to the market that prices are not high

enough to slow demand for tightening supplies in the

U.S., James Gerlach, the president of A/C Trading Co.

Fowler, Indiana, said before the report. Its going to be

very tough to buy supplies in the U.S. this summer.

EXPERT OPINION

STOCK S1 S2 R1 R2

CHANA 4244 4075 4489 4622

RM SEED 3772 3598 4018 4159

SOYABEAN 3093 2955 3391 3562

JEERA 13558 13239 14233 14569

TRADING TIP:

Buy Turmeric Apr

Above 6250

TGTS-6250/6270

SL-6050

Buy Chana Oct

Above 4395

TGTS- 4435/4480

SL- 3942


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PRODUCT

NAME

EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE

CHANGE

CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61

CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99

GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46

JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68

KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76

PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11

REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2

SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28

TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66

WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89


WEEKLY MARKET ANALYSIS

Pepper

Pepper prices has witnessed buying at lower levels. Prices are currently near the crucial

technical level of Rs. 43000. Fundamental scenario continues to be strong on the back of

lower availability till the new crop. Lower stocks in the exchange warehouse can support the

bulls. Indian pepper is out priced in the international market. Lack of rains and lower water

storage in Karnataka can also support prices. Around 449MT will expire in October contract.

Chilli

Chilli prices is expected to trade weak during the session. Demand is said to be stable in

the spot market. Around 938MT will expire in October contract can cap the upside in

prices. Chilli sowing is 16.5% lower compared to last year and 22.5% lower compared to

normal season.

Turmeric

Turmeric prices are expected to trade weak as futures continue to trade at a high

premium compared to the spot market. Lack of export and domestic demand will keep

prices under check in the spot mandi. Sowing of turmeric has started in Andhra Pradesh

one of the key producers is 17.5% lower compare to last year and 17.8% lower compared

to the normal season. Around 1665MT will expire in October contract.

Jeera

Jeera prices are expected to trade weak on fresh selling on the futures counter. Selling at

higher levels is expected in the coming session. For the session we expect prices trade

weak. FED stocks in NCDEX of around 1392MT in October contract can cap the major

upside move in price.


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WEEKLY SOYABEAN CHART

ANALYSIS

OPEN: 3270

HIGH: 3309

LOW: 3228

CLOSE: 3240

SOYABEAN LOOKS DOWNWARD

TREND: BEARISH

STRATEGY: SELL ON RISE


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WEEKLY CHANA CHART

ANALYSIS

OPEN: 3512

HIGH: 3536

LOW: 3409

CLOSE: 3470

CHANA LOOKS SIDEWAYS

TREND: CONSOLIDATE

STRATEGY: BUY ON DIPS



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Weekly-Agri-report by EPIC RESEARCH 11.02.13

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