DAILY AGRI REPORT 19TH JANAURY 2013
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ďƒ˜ HEADLINES Soybean to trade positive next week on short covering. Soybean futures are expected to trade in a positive territory in the first half of next week as investors may cover short positions built up before US Department of Agriculture data. Soybean futures on National Commodity and Derivatives Exchange ended up tracking over 1.5% gain in benchmark contract on the Chicago Board of Trade on Wednesday. CBOT
ďƒ˜ Trading tip:
Sell Soybean Feb
gained on concerns that dry weather in parts of South America may damage the standing crop. Turmeric future to trade negative on lower offtake.
Below 3210 TGTS-3170/3130 SL- 3240
Turmeric futures are expected to trade with a negative bias due to lower offtake by the stockists. Also, sluggish export demand may weigh on the market sentiments. Likely rise in supply in major spot markets after Pongal festival may also add to the weak trend.
EXPERT OPINION
Sell Jeera mar Below 13650 TGTS-13550/13400 SL-13750
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STOCK
S1
S2
R1
R2
CHANA
3,487
3,423
3,571
3,623
RM SEED
3,412
3,354
3,498
3,552
SOYABEAN
3,164
3,110
3,278
3,326
JEERA
13500
13330
13800
14000
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PRODUCT NAME
EXP DATE
OPEN
HIGH
LOW
CLOSE
LTP
CHANA
7/19/2012
4556
4573
4525
4560
4532
PRODUCT CHILLI NAME
EXP DATE 7/19/2012
OPEN 5060
HIGH 5060
LOW 5018
CLOSE 5120
LTP 5018
Chana GUR
19-Apr-13 7/19/2012
3520 1188
3550 1188
3518 1178
3525 1183.5
3528 1178
3 -5.5
0.09 -0.46
Chilli JEERA
20-Mar-13 7/19/2012
6564 14955
6678 14960
6532 14650
6550 15052.5
6586 14800
36 -252.5
0.55 -1.68
Gur KAPAS
20-Mar-13 7/19/2012
1112 1044
1112 1053
1101 1035
1108.5 1049
1104.5 1041
-8-4
-0.36 -0.76
Jeera PEPPER
20-Mar-13 7/19/2012
14010 42300
14050 42555
13625 42250
14025 42390
13670 42435
-355 45
-2.53 0.11
REFKapas SOYA
30-Apr-13 7/19/2012
926 780.5
928 783.6
921 777.4
922.5 782.85
926 781.3
3.5 -1.55
0.38 -0.2
SOYPepper BEAN
20-Feb-13 7/19/2012
36255 4309
36990 4330
36255 4265.5
36970 4303
36890 4315
-80 12
-0.22 0.28
Ref Soya TURMERIC Oil
20-Feb-13 7/19/2012
715.5 4600
717.9 4676
712.05 4518
713.1 4664
716 4540
2.9 -124
0.41 -2.66
Soy Bean WHEAT
20-Feb-13 7/19/2012
3241 1251
3245.5 1282
3211.5 1251
3234 1246
3220 1282
-14 36
-0.43 2.89
Turmeric
19-Apr-13
6578
6638
6360
6600
6380
-220
-3.33
Wheat New
20-Feb-13
1501
1519
1490
1496
1516
20
1.34
DAILY MARKET STATISTICS
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CHG
PERCENTAGE CHANGE
-28
-0.61
CHANGE -102
PERCENTAGE -1.99 CHANGE
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DAILY SOYABEAN CHART
ANALYSIS OPEN: 3234 HIGH: 3245 LOW: 3211 CLOSE: 3220
SOYABEAN LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE
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DAILY CHANA CHART
ANALYSIS OPEN: 3520 HIGH: 3550 LOW: 3518 CLOSE: 3528
CHANA LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: BUY ON DIPS
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