Impact of delayed monsoon on Kharif cultivation

A week's delay in the monsoon has impacted sowing of kharif. 1 crore 24 lakh hectares of land so far have made the kharif sowing. 1 million in the same period last year was 64 million hectares planted. In this way a reduction of 24 per cent in agriculture has seen.

Maharashtra, Madhya Pradesh, Gujarat and Rajasthan due to delayed monsoon has affected sowing. Which under cotton has decreased by 45 per cent. The sowing of pulses has decreased by 21 per cent. However, sowing will continue until the end of July and then improves further if the monsoon is also likely to see a recovery.

NCDEX Agri Commodity Trading Updates @ Soyabean Advices Free

NCDEX July Soyabean prices down due to poor demand in spot markets and weakness in benchmark CBOT Soyabean prices. Moreover, progress of South west monsoon and pre-monsoon showers in key growing areas were also supported the fall. It is likely to trade on a negative note today as monsoon rainfall has advanced to certain parts of eastern Madhya Pradesh and is likely to cover the whole state by the weekend. It is likely to support sowing activity in these areas pressurizing prices of Soyabean futures.

Soyabean trade ended the day at Rs. 3829 per quintal which is approx 1.57% down against its previous close. We recommend sell Soyabean futures during today’s trading session.

NCDEX July Soyabean Prices Traded Lower due to More Supply in Physical Market @ Sold Soyabean Best Position

NCDEX July Soyabean prices traded lower due to more supply in physical market. The prices may trade on a weaker note as conditions are favorable for the monsoon to advance in the country.

Moreover, the supplies of soybean have risen at domestic market on stockiest selling at higher prices. In CBOT, Soyabean future prices is likely to trade down as rainfall in major producing regions of Mid West US is likely to be favorable for the crops. Soyabean trade ended the day at Rs. 3890 per quintal which is approx 1.62% down against its previous close. We recommend sell Soyabean futures during today’s trading session.

@ I am Advies you can Sold NCDEX Soyabean is best to all trader and investor, It is Safe point for all. 

Non Agri Commodity market decline Impact by Fed's Meeting

In the US, the Federal Reserves two-day meeting starting today. This meeting is special because it so there could be a decision on interest rates. So, before it declined in the Non-agri commodities market. Crude oil fell nearly 1 percent. Natural gas dominates selling. Gold and silver have also waned. The decline in base metals are trading at around 1.5 per cent and zinc prices have fallen the most.

MCX Crude Oil slipped 0.7 percent is trading at Rs 3250. Natural gas is trading at Rs 174, down 0.25 percent. At the MCX, gold fell by 0.25 per cent is trading around Rs 30,300. Silver by 0.5 per cent to Rs 41 180 with osteoporosis seems.

Tips for Today

Sold MCX Crude oil June around 3250 targets 3225, 3207 Stop Loss 3271

NCDEX Chana Agri Continue gain @ Buy Chana Free Calls

Chana futures continue to gain on expectation of lower supply and firm demand in the spot market. All the government initiatives to reign in spiraling prices of pulses and pulse seeds appear to have gone haywire amid continuing rally in pulses and pulse seeds. Weak arrival and improved buying lifted the prices of pulses. The gap in demand and supply of pulses has widened in the last two years due to drought.

Pulse production is around 17 million tonnes while demand is for 23.6 million tonnes (MT). Chana trade ended the day at Rs. 7101 per quintal which is approx 2.76% up against its previous close. We recommend buy Chana futures during today’s trading session.

All Trtader can Buy NCDEX chana for intraday and Long term also, Don't Short chana right now.

MCX Bullion Gold Silver Advices for Evening @ USD Non farm payroll data Updates

Gold is the fifth consecutive week of decline on the brink. Today's non-farm payroll data in the US market on the eye rests. The data released this evening on US interest rates will be substantially clear. Gold on MCX fell around 0.2 percent Seems around 28,830 in the domestic market.

All trader can buy MCX Gold around 28,800 to 28,850 for august future contract targets 28975, 29050 Stop Loss 28627.

What Will be the effect of Crude oil by the meeting of OPEC

Commodity market today is quite an event for the day. OPEC is a key meeting today. The ECB's decision on interest rates is going to come. The ECB will decide on interest rates 5:15 PM. Thus, soon after, the weekly US unemployment figures will be released at 6 pm. So in terms of commodity and currency market today is very important. And crude oil or gold or silver today before around business is extremely small in scope.

The OPEC meeting has been much speculation in the global market. The speculation in the market that this meeting will also be no agreement to reduce production. Saudi Arabia has refused to cut production without Iran. Iran has consistently indicated to increase the production. Meanwhile MCX Crude oil trading around 3,315 with loss of 0.2 percent. 

If you want Advices for MCX Crude oil than you can Sold it for Short term.  

NCDEX Agri commodities Sharp Fall Today @ TMC, Jeera, Soyabean , chana Live Updates

Agri commodities today is a sharp decline in food oils. Early recovery of the rupee against the dollar is over. 1 dollar slipped to Rs 67.40. Including maize and Soybean cooking oil have also slipped. Turmeric, cumin and coriander were dominant in selling.

NCDEX soya Oil slipped 0.8 per cent to Rs 644 has arrived. MCX Crude palm oil fell 0.9 cent to Rs 527.3 has come. Soybean seems to Rs 3835.

Chana on NCDEX broken near around 2 percent and trading around 5,924 in June future contract.