daily agri report by epic research 22 aug 2014

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DAILY AGRI COMMODITY REPORT 22nd AUGUST 2014

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DAILY WRAP UP

MONTH OPEN HIGH LOW CLOSE % CHG OI (in Lots) VOL

DHANIYA

SEP. 12325 12530 12243 12280 -0.22 21470 7080

INTRADAY LEVELS

SUPPORT

SUPP. 1

11824

SUPP. 2

11720

PIVOT

11999

RESISTANCE RES. 1

12103

RES. 2

12278

Dhaniya short term trend is down, and furthermore

down is expected in coming days.

MONTH OPEN HIGH LOW CLOSE %

CHANGE OI (in lots)

VOL

CASTORSEED

SEP. 4295 4345 4285 4319 1.10 124520 44750

INTRADAY LEVELS

SUPPORT SUPP. 1

4243

SUPP. 2

4190 PIVOT

4249

RESISTANCE RES. 1

4282

RES. 2

4308

Castorseed Short term trend is down. Price expected to go down in coming days

.

SOYABEAN

OCT. 3400 3430 3383 3411 0.71 71380 61110

INTRADAY LEVELS

SUPPORT

SUPP. 1

3386

SUPP. 2

3361

PIVOT

3408

RESISTANCE RES. 1

3433

RES. 2

3455

Soyabean price is in down trend and may continue in

upcoming days.

GUARGUM

OCT. 18420 18600 18020 18200 1.73 544 649

INTRADAY LEVELS

SUPPORT SUPP. 1

17653

SUPP. 2

17327

PIVOT

18027

RESISTANCE RES. 1

18353

RES. 2

18727

Guargum Short term trend is up, Expecting price may

go up in coming days.





NCDEX INDICES

FUNDAMENTAL AND MANDI REPORT

Index Value Pre. Close % Change

Castorseed

4255 4213 1.00

Chana

2931 2970 -1.31

Coriander

11927 11973 -0.38

Cotton Seed Oilcake

1823 1835 -0.65

Jeera

11265 11310 -0.40

Mustard seed

3444 3426 0.53

SoyBean

3411 3387 0.71

Sugar M Grade

3035 3054 -0.62

Turmeric

6684 6584 1.52

TOP LOSERS

SYMBOL EXPIRY DATE CURRENT

PRICE CHANGE

CHANGE %

CHANA

19-09-2014

2931.00

-39.00

-1.31%

GUR

19-09-2014

1137.00

-15.00

-1.30%

TOP GAINERS

SYMBOL EXPIRY DATE

CURRENT PRICE

CHANGE CHANG

E %

TURMERIC 19-09-2014 6684.00 100.00 1.52%

CASTOR SEED NEW 19-09-2014 4255.00 42.00 1.00%

SOYABEAN 20-10-2014 3411.00 24.00 0.71%

RAPESEED-MUSTARD SEED 19-09-2014 3444.00 18.00 0.53%

BARLEY 19-09-2014 1492.00 3.50 0.24%





COMMODITIES IN NEWS

CRUDE PALM OIL

The prices of crude palm oil declined for the fourth consecutive day on Wednesday after the traders and speculators exited the positions in the Agri commodity as the demand in the spot market dropped. The prices fell fur-ther on excess supplies from the producing areas. At the MCX, Crude Palm Oil future for August 2014 contract traded at Rs. 477.10 per 10 kg, down by 3.38 per cent after opening at Rs. 493.70 against the previous close of Rs. 493.80. It touched the intra-day low of Rs. 474.60 till the trading

CASTORSEED

Castorseed prices rose by 0.43 per cent on Thursday at the National Commodity & De-rivatives Exchange Limited (NCDEX) as a result of the rise in demand from consuming industries against restricted arrivals in domestic markets which in turn encouraged the investors to enlarge their holdings. At the NCDEX, castor seed futures for September 2014 contract were trading at Rs. 4,231 per quintal tones, up by 0.43 per cent, after opening at Rs. 4,227 against the previous closing price of Rs. 4,213. It touched the intra-day high of Rs. 4,257 till the trading. (At 12.15 PM today). Castor is a non-edible oilseed crop; basically a cash crop, with average 46 per cent oil recovery

CORIANDER

Coriander prices rose by 0.8 per cent on Thursday (NCDEX) as a result of the limited stocks on account of restricted arrivals from the major growing belts. At the NCDEX, coriander futures for September 2014 contract was trading at Rs. 12,069 per quintal, up by 0.8 per cent after opening at Rs. 12,030 against the previous closing price of Rs. 11,973. It touched the intra-day high of Rs. 12,174 till the trading. Sentiment improved further as the investors enlarged their holdings tracking the surge in the demand for the commodity. Coriander is common in South Asian, Middle Eastern, Central Asian, Medi-terranean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scandi-navian cuisine.

ECONOMIC NEWS

The cabinet on Wednesday approved the minimum export price ( MEP) of onions from $500 per tone to $350 per tone, citing im-proved supplies and announced a hike in the mining royalty rates for about 55 minerals in-cluding ore and bauxite, a move that would please the 11 mineral-rich states in the coun-try that have been demanding higher royal-ties. The government had imposed an mini-mum export price of $300 per tone on onions in June and raised it in July to $500.

The Cabinet Committee on Economic Affairs also decided that the country's mineral alloca-tion policy would be decided by the institu-tion that succeeds the Planning Commission. Mining royalties were last revised by the Cen-tre in 2009 and though the UPA government had set up a panel to examine the issue, there was no change made in the rates. "The cabinet approved revision of mineral royalty. There are 55 such items but this ex-cludes coal, lignite and sand for stowing. Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)




FUNDAMENTAL AND MANDI REPORT

CASTORSEED National Market Report

Soybean (plant delivery, Indore) continued downtrend weak soy product demand while mustard seed, Jaipur, slightly improved on renewed buy-ing from crushers and the stockists Thursday. Soybean arrivals in Madhya Pradesh slightly eased to 20,000 bags compared to 22,000 bags on Wednesday. All India arrivals of RM seed too remained flat 1.0 lakh bags compared to Wednesday’s level. Besides, RM seed arrivals in Rajast-han too remained steady 0.55 lakh bags compared to Wednesday’s level. prices are expected to be within the range of 3750-3900 levels in the near term .The crop tour, Roth says, is a rare opportunity for people—who might not ever get a chance to visit a field—to participate in a sig-nificant, market moving event. Plus, they have a chance to get in a corn or soybean field to better comprehend the scale of Midwest farming.

International Update U.S. soybean futures edged higher for the first time in three sessions on Thursday, rebounding from a contract low, but gains were checked as a widely watched U.S. crop tour boosted the outlook for supply. FUNDA-MENTALS * Chicago Board of Trade November soybeans rose 0.1 per-cent to $10.39 a bushel, having slid 1.4 percent on Wednesday when the contract hit a contract low of $10.35 a bushel. * December corn dropped 0.1 percent to $3.67-1/4 a bushel, having slid 1.3 percent in the previous session. * December wheat fell 0.32 percent to $5.48-1/4 a bushel, having closed down 1.5 percent on Wednesday. * The Pro Farmer Midwest Crop Tour on Wednesday projected the Illinois corn yield at a record 196.96 bushels per acre (bpa), up from the tour average of 170.48 bpa last year and the three-year tour average of 149.36.

MARKET

20-Aug-14

19-Aug-14

MADHYA PRADESH

22000

20000

MAHARASTRA

3000

8000

STOCK POSITION AT NCDEX WAREHOUSES

MARKET

21-Aug-14

20-Aug-14

%Change

MADHYA PRADESH

22000

20000

-2000

MAHARASTRA

10000

3000

7000

RAJASTHAN

15000

10000

5000

BUNDI

200

200

Unch

JHALAWAR

300

400

-100





COMMODITY NAME LOCATION PRICE

Bajra Jaipur 1245

Barley Jaipur 1490

Castor Seed Disa 4252.25

Castor Seed 1 MT Disa 4252.25

Chana Bikaner 2850

Chana Delhi 2960

Chana Indore 2984.8

Chana 1 MT Delhi 2960

Chilli Guntur 7363.65

Chilli Teja Khammam 10275

Coriander Kota 11343.2

Cotton Kadi 18644.55

COMMODITY NAME LOCATION PRICE

Maize - Feed/Industrial Grade Davengere 1360

Maize - Feed/Industrial Grade Karimnagar

1372.5

Maize - Feed/Industrial Grade Sangli

1475

Maize - Feed/Industrial Grade Delhi 1240

Mustardseed Jaipur

3617.6

Mustardseed Alwar

3661.5

Pepper Kochi 72290

Polyvinyl Chloride Mumbai 75185.2

RBD Palm Olein Kakinada 529.75

RBD Palmolein Kandla 527.5

Ref Soya Oil Nagpur 652.8

Ref Soya Oil Indore 633.25

SPOT QUOTES





RECOMMENDATIONS

SELL BELOW 11910 TGT 10880 -10830 SL 10960 BUY ABOVE 12030 TGT 12060-12110 SL 11980

SELL BELOW 17915 TGT 17885 -17835 SL 17965 BUY ABOVE 18300 TGT 18350 -18450 SL 18210

SELL BELOW 4240 TGT 4210-4160 SL 4290 BUY ABOVE 4290 TGT 4320 -4370 SL 4240

SELL BELOW 3375 TGT 3345-3295 SL 3425 BUY ABOVE 3430TGT 3460-3510 SL 3380

DHANIYA (SEP.) GUARGUM (OCT.)

SOYABEAN (OCT.) CASTORSEED (SEP.)





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daily agri report by epic research 22 aug 2014

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