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NCDEX WEEKLY REPORTWeb: www.ways2capital.com | Call: 07316554125 | Mail: [email protected]
WEEKLY AGRI REPORT
NCDEX DAILY AND WEEKLY LEVELS
DALLY EXPIRY DATE
R4 R3 R2 R1 PP S1 S2 S3 S4
SYOREFIDR 20-May-14 705 697 689 685 681 677 673 665 657
SYBEANIDR 20-May-14 4882 4792 4702 4644 4612 4554 4522 4432 4342
RMSEED 20-May-14 3546 3501 3456 3429 3411 3384 3366 3321 3276
JEERAUNJHA 20-May-14 11808 11568 11328 11226 11088 10986 10848 10608 10368
DHANIYA 20-May-14 9837 9716 9595 9540 9475 9419 9353 9232 9111
CASTORSEED 20-May-14 4297 4165 4033 3985 3901 3853 3769 3637 3505
WEEKLY EXPIRY DATE
R4 R3 R2 R1 PP S1 S2 S3 S4
SYOREFIDR 20-May-14 708 699 690 685 681 676 672 663 654
SYBEANIDR 20-May-14 5232 5023 4814 4705 4605 4496 4396 4187 3978
RMSEED 20-May-14 3719 3623 3527 3465 3431 3369 3335 3239 3143
JEERAUNJHA 20-May-14 11976 11676 11376 11253 11076 10953 10776 10476 10176
DHANIYA 20-May-14 10518 10178 9838 9661 9498 9321 9158 8818 8478
CASTORSEED 20-May-14 4447 4259 4071 4005 3883 3817 3695 3507 3319
NCDEX WEEKLY REPORTWeb: www.ways2capital.com | Call: 07316554125 | Mail: [email protected]
NCDEX - WEEKLY NEWS LETTERS
CHANA
• Chana futures traded range bound and ended flat on Thursday. Volumes and OI declined from previous trading day.
• Sources said that cheap imports of Chana and better than expected production continue to weigh on markets.
• Warehouse stocks improved on Thursday and continue to add pressure on the prices.
• As per the 3rd Advance estimates from Ministry of Agriculture production of Gram (Chana) is fore-casted to be 9.93 million MT in 2013-14 compared to 9.79 million MT (2nd Advance estimates) and 8.83 million MT in 2012-13. They added that total Pulses production is forecast-ed to be 19.57 (3rd Advance estimates) vs. 19.77 million MT (2nd Advance estimates) and 18.34 million MT in 2012-13.
Stock position of Chana at NCDEX approved warehouses
Location 28-May-14 27-May-14
Bikaner 50286 50145
Delhi 63719 63281
Indore 1128 1037
Total 115133 114463
Comments:-Key support is at 2784 and 2740. Key resistances are at 2980 and 3020.
NCDEX WEEKLY REPORTWeb: www.ways2capital.com | Call: 07316554125 | Mail: [email protected]
SOYABEAN & REFISOYA
Indian oilseed complex prices traded mixed yesterday. Rupee ended flat.
• Soybean prices moved higher yesterday as traders covered shorts after the recent sharp lower move in prices.
• According to 3rd Advance estimates released by GoI, India’s output for the following crops in 2013-14 year are:- Soybean- 11.95 million MT, RM Seed – 7.83 million MT.
INTERNATIONAL VIEW
• Tight supplies of old crop Soy in US was supportive. However, favorable Soy planting conditions and good progress limited gains for new crop prices.
• US Soybeans planting was 59% completed as of 25 May vs. 33% previous week vs. 5 year average of 56%.
• Area planted with Soybeans in Brazil next season should reach a record 31.2 million hectares (77.4 acres), up 4% from last year thanks to high prices for the oilseed.
Soybean Arrivals for 29 May 2014
Location MT
Khamhariya 20.00
Rajnandgaon 5.00
Momanbadodiya 7.20
Piplya 12.00
Susner 0.70
NCDEX WEEKLY REPORTWeb: www.ways2capital.com | Call: 07316554125 | Mail: [email protected]
Imphal 1.40
Lamlong Bazaar 0.20
Anta 27.00
Baran 45.00
Iklera 10.00
Source - Dept. of Agriculture (GoI)
The following Future Contract are trading with high volume on NCDEX:
Soyabean - JUN. Contract
Refi. Soya - JUN Contract
Castorseed - JUN Contract
RM Seed - JUN Contract
Dhaniya - JUN Contract
NCDEX WEEKLY REPORTWeb: www.ways2capital.com | Call: 07316554125 | Mail: [email protected]
This Document has been prepared by Ways2Capital (A Division of High Brow Market Research Investment Advisory Pvt Ltd). The information, analysis and estimates contained herein are based on Ways2Capital Equity/Commodities Research assessment and have been obtained from sources believed to be reliable. This document is meant for the use of the intended recipient only. This document, at best, represents Ways2Capital Equity/Commodities Research opinion and is meant for general information only. Ways2Capital Equity/Commodities Research, its directors, officers or employees shall not in any way to be responsible for the contents stated herein. Ways2Capital Equity/Commodities Research expressly disclaims any and all liabilities that may arise from information, errors or omissions in this connection. This document is not to be considered as an offer to sell or a solicitation to buy any securities or commodities.
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NCDEX WEEKLY REPORTWeb: www.ways2capital.com | Call: 07316554125 | Mail: [email protected]
