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Please refer to disclaimer at the end of the report.

s

Commodity Exchange Expiry Price %

Change

Turmeric NCDEX Dec 7190.0 0.0%

Jeera NCDEX Dec 17625.0 -0.4%

Soybean NCDEX Dec 3090.0 0.7%

Soy Oil NCDEX Dec 724.0 0.6%

R M Seed NCDEX Dec 4572.0 -0.5%

CPO MCX Dec 564.3 0.4%

Sugar NCDEX Dec 3681.0 0.7%

Wheat NCDEX Dec 2024.0 0.4%

Mentha Oil MCX Dec 1006.8 0.3%

Cotton MCX Dec 19070.0 0.6%

Market Overview

� India Pulses and Grain Association (IPGA) have urged

government to withdraw restrictions on stockholding

by traders and millers, to ensure smooth supply of

pulses in domestic market. IPGA representation also

asked for the government to invite private sector

participation in creating modern storage infrastructure

for pulses.

� Solvent Extractors Association (SEA) reported that Palm

oil imports fell by 8.27% to 8,01,311 tonnes in

November, on expected bumper oilseeds crop and

better domestic edible oils supply.

� Import of soyabean oil declined to 1,64,286 tonnes in

November from 2,56,836 tonnes while rapeseed oil

shipments stood at 32,195 tonnes.

� Mentha oil prices strengthened expanding positions by

participants owing to strong demand from consuming

industries in the spot market against tight stocks

position on fall in supplies from Chandausi in Uttar

Pradesh, mainly kept mentha oil prices higher.

� Indian cotton industry has estimated Pakistan to

import 700,000-800,000 bales in 2016-17. Last year,

India had exported 2.5 million bales to Pakistan but

� Jeera sowing area likely to increase in Gujarat state.

Around 35 – 45% area may increase this year, some

new area also come up to Jeera crop in this region due

to increase in irrigation facility.

� Malaysian palm oil futures rose after closely watched

output and export data released during the midday

break supported bullish sentiment.

� U.S. soybean futures fell to a three-week low forecasts

for rain in dry areas of Argentina's crop belt took out

some of the weather premium built into the market.

Chart of the Day: NCDEX Soybean

�� Short-covering was seen in NCDEX Soybean in the previous

session, but overall bias looks sideways-to-negative as long

as 3160 is capped as strong resistance area. The counter

could test 2925 in short-term. Selling on rise is still

advised, but our bias will negate if price break and sustain

above resistance levels.

��

Thursday, December 15, 2016

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Level Playing Sheet

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

Jeera NCDEX Apr 17625 17422 17523 17667 17768 17912 Flat Moderate 17473 - 17718

Soybean NCDEX Jan 3090 3045 3068 3083 3106 3121 Flat Moderate 3076 - 3114

Soy Oil NCDEX Jan 724 718.7 721.3 723.3 726.0 728.0 Bullish High 722.3 - 727

R M Seed NCDEX Jan 4572 4517 4545 4592 4620 4667 Bearish Moderate 4531 - 4606

CPO MCX Jan 564.3 559.8 562.1 565.2 567.5 570.6 Bullish High 564 - 569

Sugar NCDEX Dec 3681 3587 3634 3672 3719 3757 Bullish High 3653 - 3738

Wheat NCDEX Mar 2024 1696 1860 1715 1879 1734 Flat Moderate 1788 - 1807

Mentha Oil MCX Jan 1007 983 995 1011 1023 1039 Bullish High 989 - 1017

Cotton MCX Dec 19070 18850.0 18960.0 19050.0 19160.0 19250.0 Flat Moderate 19005 - 19205

Coriander NCDEX Dec 7743 7721.0 7732.0 7751.0 7762.0 7781.0 Bearish Moderate 7727 - 7757

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

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