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Please refer to disclaimer at the end of the report.

Commodity Exchange Expiry Price %

Change

Turmeric NCDEX Apr 6904.0 2.3%

Jeera NCDEX Mar 17290.0 -0.1%

Soybean NCDEX Feb 3020.0 -0.4%

Soy Oil NCDEX Feb 702.0 -0.1%

R M Seed NCDEX Apr 3815.0 -0.3%

CPO MCX Feb 577.9 -0.1%

Sugar NCDEX Mar 3904.0 -0.7%

Wheat NCDEX Feb 1771.0 -0.6%

Mentha Oil MCX Feb 1026.7 1.7%

Cotton MCX Feb 20630.0 0.1%

Market Overview

� Mentha oil prices were higher on back of rising

demand from consuming industries in spot markets.

Adding to that, tight stocks position due to restricted

supplies from Chandausi in Uttar Pradesh kept mentha

oil prices higher for third straight day.

� CPO closed higher tracking firm International market

and increase in base import prices of crude palm oil

and RBD palmolein. The increased was by $24 a tonne

each. Tariff prices are revised every fortnight, based on

their movement in the international market and

changes in the foreign exchange rate.

� Malaysian palm oil futures climbed, securing second

consecutive session of gains as market remained

buoyant on expectations of tighter supplies.

� U.S. soybean futures rose on continued strong export

demand as overseas buyers waited for bulk of

expected bumper South America harvest to come

online

� Indian wheat futures fell for second day this week as

data released showed higher planting compared with

last year. Winter wheat planting in India this year was

up about 7% at 31.78 million hectares as per

government data.

� The world cotton output will rise by 2% to 23.4 million

tons as per ICAC. The expansion is result of increase in

planted area, which is expected to grow by 5% to 30.6

million hectares after two seasons of contraction.

� In 2016/17, the cotton area in India, largest cotton-

producing country, fell by 12% to 10.5 million hectares

due to competition from food crops. However, average

yield recovered by 16% to 560 kg/ha, and production in

2016/17 is estimated to rise by 2% to 5.9 million tons.

Chart of the Day: NCDEX RMSeed

�� As shown, NCDEX RM Seed continues to remain weak

forming lower highs and lower lows as long as it is trading

below its key moving average and a downward sloping

trend line near Rs.3857 / 3880 level. Move below Rs.3800

could increase the bearish momentum. Selling on rise near

Rs.3860 is advised.

��

Wednesday, February 08, 2017

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Level Playing Sheet

Commodity Exch. Expiry Close S2 S1 Pivot R1 R2 Trend Conviction Intraday Range

Jeera NCDEX Mar 17290 17070 17180 17270 17380 17470 Bearish Moderate 17225 - 17425

Soybean NCDEX Feb 3020 2994 3007 3028 3041 3062 Bearish Moderate 3001 - 3035

Soy Oil NCDEX Feb 702 697.9 699.9 702.7 704.7 707.5 Flat Moderate 698.9 - 703.7

R M Seed NCDEX Apr 3815 3793 3804 3822 3833 3851 Bearish Moderate 3799 - 3828

CPO MCX Feb 577.9 575.4 576.7 578.3 579.6 581.2 Flat Moderate 576 - 579

Sugar NCDEX May 3904 3873 3888 3902 3917 3931 Bullish Moderate 3895 - 3924

Wheat NCDEX Feb 1771 1612 1691 1631 1710 1650 Bearish Moderate 1762 - 1781

Mentha Oil MCX Feb 1027 997 1012 1025 1040 1053 Bullish High 1018 - 1046

Cotton MCX Feb 20630 20470.0 20550.0 20600.0 20680.0 20730.0 Bearish Moderate 20575 - 20705

Coriander NCDEX Apr 7222 7158.7 7190.3 7242.7 7274.3 7326.7 Bearish Moderate 7175 - 7259

For any details contact: Commodities Advisory Desk +91 22 3958 3600 commoditiesresearch@motilaloswal.com

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