Agri Commodity NCDEX Soyabean, Turmeric, Cardamom Live Updates

Soyabean :- Soybean futures are expected to trade on weaker note as prices may track cues from increasing arrival volume at major trading centres. Beside, expanding harvesting activities amid tumbling global prices may impact market sentiments negatively. However, demand is likely to improve due to ongoing festive season which may arrest the major losses.

Turmeric :- Trend remained weak for Turmeric with prices unable to hold onto the higher levels as traders waited for dips before initiating fresh demand in the mandi. . However in coming weeks, demand is expected to pick up at current rates that are quite low. Approaching festivals and rise in export demand from the Gulf countries will be supportive in near term. Latest reports from Erode in Tamil Nadu indicate a drastic fall in sowing in those regions due to a drought like situation this year.

Cardamom :- Cardamom futures are expected to trade in range bound levels for the day. Recent rainfall in Idukki district has been supportive for the crop that may weigh down the cardamom futures prices. Further, buying at the spot market has slow downed a bit due to higher prices and this may weigh the cardamom futures prices down. However, fall is expected to be limited on overall bullishness in the market. Expectations of good export demand for the Indian cardamom due to new crop as compared to old crop of Guatemala may support prices to trade higher.

MCX Agri Sugar updates for Today

Sugar Futures closed unchanged on Tuesday but the trend is looking positive on anticipation of good festival demand and reports that country may see tight supplies despite a 20% rise in output expected in 2017-18 (Oct-Sep), as ending stocks are seen tumbling to multi-year lows.

Moreover, imposing stock limits on sugar mills government is likely to allow import of 300,000 tn of raw sugar at 25-30% import duty. 

Indian Government Prepared to provide cheap gold to jewelers

In order to provide Gold easily to jewelers, interest rates on gold loans can be reduced and there is a possibility of importing gold on lease. The Prime Minister's Office has recommended this to the Finance Ministry.

According to sources, the proposal sent by the Prime Minister's Office to the Finance Ministry has recommended that interest rates on Gold loans should be low, not to charge premium on gold loan, to provide a Gold Loan for a longer period and Gold on Lease Allow importing. According to the PMO, allowing the import of gold on lease will not be required to pay the full price of gold and there will be a significant reduction in current account deficit. Explain that jewellers take a gold loan from the bank. At present, gold lends 2 to 4 per cent interest on loan.

Gold Silver Trading Volatile for Today

In the international market, the pressure of profit booking has been seen in Gold and there is a slight weakness in gold prices. In fact, the figures of jobs in GDP growth and private sector in the US have been better than the estimates.

At present MCX Gold  is trading at Rs 29420 with a drop of 0.5%. MCX Silver is trading below 0.65 per cent below Rs 39,500.

Ref Soya Oil Fall today due to Good growth soya crop

Prices fell for Ref Soy Oil as rains in growing regions for Soybean kept trend down for the oil complex sector overall. Fall in International markets too pressurised prices further. A prospect of Govt to further raise import duty is often supporting the market. Meanwhile high prospects of a rise in global ending stocks offers resistance in pushing soya oil higher.

Global markets are maintaining an overall positive tone due to improving demand outlook for bio diesel consumption, and chances of drop in yields of the domestic or the US crop. The recently released bearish reports from the USDA regarding higher global oil seeds production are keeping uptrend limited, unless we get reports of drop in the US soybean yields. The details of the USDA report are mentioned in Soybean section. International market reports are bearish while Indian reports are firm for the counter.

Chana Commodity prices surged by 3.99 percent Today

Chana prices surged by 3.99 per cent to hit upper circuit at Rs 6,173 per quintal in futures trading today after prices spurted at spot markets on strong demand.

Market analysts attributed the sharp rally in Chana futures to widening of positions by participants on the back of strong demand in physical market. Restricted supplies from producing regions also boosted the price rise.

Guar Seed Overall fundamentals look strong

Overall fundamentals look strong however with rising export demand amidst concerns on the production front from the recent crop losses from excess rains in Rajasthan a few weeks back. With prices at very high levels, markets found some strong resistance. Prospects of rains in Rajasthan too limited the uptrend for the commodity. Low stocks too supported prices as markets shot up increased exports of guar during last year have been encouraging due to increasing rig count in US.

Good export demand checks the down moves meanwhile. As per reports from APEDA, improved export demand of guar in quantity and monitory terms has been noted.

Crude Palm Oil or cpo MCX Updates Agri Commodity

MCX CPO closed higher for the 4 th trading session on Monday tracking firm International prices and expectation of higher demand for coming festival season. 

Moreover, higher import duty also supports prices. Recent, government raised import duty on crude palm oil to 15% from 7.5% and on refined palm oil to 25% from 15% but higher stocks in the country is having bearish impact.

Turmeric futures are expected to trade in negative note for the day

Turmeric futures are expected to trade in negative note for the day. Supplies are increasing slowly at the spot market in anticipation of good demand ahead of festive season.

However, buying activities are not picking up as expected which may weigh down the futures market sentiments. Sowing has improved well in Telangana after good rainfall; however is still weak in other major growing states such as Andhra Pradesh and Tamil Nadu.

Sugar Agri Commodity Updates Trading

Sugar Futures closed unchanged yesterday on expectation of good physical demand. 

The government is considering allowing imports of 3-5 lt of sugar at a concessional duty of 25%, as it weighs a raft of proposals to boost supplies in the build-up to the festival season, especially in southern states where a deficit is anticipated in September and October.

Stocks Trading Advice 

Agri TMC Turmeric Updates

Profit booking limited the uptrend for Turmeric even as overall sentiments remained firm with festive season domestic demand from North India and the exports are expected to rise in coming weeks.

Low sowing reports, falling stocks and pickup in demand are factors that are supporting Turmeric prices. Early arrivals and better prospects for rains were considered beneficial for the crop sowing

Cardamom MCX Agri Updates for Today Trading

Cardamom futures are expected to trade in range bound levels for the day. Expectations of increase in supplies after the commencement of second round of picking activities amid good rainfall in Idukki district may weigh down the prices.

However, overall weaker monsoon rainfall in Idukki district and in other major cardamom growing regions that has thinned down the expectations of good crop may support positive trade.

Agri Commodity Live Updates for today

Agri terms of kharif crop in Maharashtra, heavy rains have damaged. The monsoon season is over, but the state is not taking in the name of stopping rain. 1 released last week by heavy rains in the Marathwada region of the state flood-like situation. Nearly 50 percent of the soybeans and cotton harvest is expected to lose heavily. This time, there was much in the area of , soybean cultivation. Especially Latur, Beed, Nanded and Osmanabad districts more damage. 2,500 crore in the rain is expected to crop damage.

The arrival of new cotton crop arrivals pressure is being witnessed. About 1 per cent of cotton futures prices is broken. The business is also weak spot. The estimated increase in yields continued to decline in turmeric, the turmeric futures prices have come down to Rs 7,000. NCDEX soybean October futures around Rs 3250 with a gain of 0.25 percent is visible.

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SEBI's clearance for trading in commodity options

The commodity market regulator is the big decisions. Commodity options trading has been approved. Guidelines in this regard may be issued soon. Exchange can apply for options trading. Exchange must first apply to options trading. Must give full details of the contracts. Sebi has said that the full guidelines of options will be released soon.

Experts say it is a big decision that will prove to commodity hedging. According to SMC Global silver, gold, copper, soybeans, refined, cumin approval for trading options is possible. Angel Broking, says that a decision on the options of SEBI is extremely positive.

The NCDEX said Samir Shah, MD, is pleased by the ruling, it will benefit farmers. NCDEX commodity and commodity options trading options trading is set to be launched soon on the final guidelines for commodity options await. Options will benefit farmers in agri commodities. Sebi last 1 year has significantly reform. The correct information is important for investors to trade.

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MCX Crude Oil Updates and Trading levals

The prices of Crude Oil was sideways in the session ending 5 September 2016. Crude Oil gained 0.17% to end the session at Rs 2980 per barrel. The resistance zone for Crude Oil is strong at Rs 3100 per barrel. The prices of Crude Oil are supported at Rs 2850 and Rs 2800 per barrel. The gains are expected to be limited to Rs 3100 per kg in today's trades. The high for Crude Oil was at Rs 3065 per barrel while low was at Rs 2913 per barrel.

There is a surge in crude oil. For price stability agreement between Russia and Saudi Arabia following reports Brent price went beyond $ 47. MCX crude oil rose 1.3 percent in the domestic market is showing around Rs 3020.

Trading Advice for Intraday 

We recommended Sold MCX Crude Oil September future contract around 3020 to 3010 targets 2990, 2975 stop loss 3039.

NCDEX Jeera Boom @ Live updates for today

NCDEX Jeera is trade fully bearish zone, last 1 month Jeera have jump around 2000 rs and Continue hits upper circuit due to high demand in physical market. Jeera prices are trading higher on anticipation of supply shortage and likely rise in demand from domestic and overseas markets. Declining arrivals, strong export demand may support the prices to trade high. However, profit booking at higher levels may limit the uptrend during the day.

Industrial buyers have already sourced sufficient quantity for the domestic requirements but the export demand may pickup due to good demand from China and other countries, as stock levels have been lower. In the next few months, the prices will depend on export demand. Jeera trade ended the day at Rs. 19400 per quin which is approx 2.29% up against its previous close.

For All invetor,s We recommend Buy Jeera futures for bumper profit.

Comex Gold extended the grow Up @ Buy MCX Gold for Long term

Credit Suisse has raised its estimate of crude. Agency for the year increased from $ 43.59 to $ 36.91 average price of WTI crude is made. Other hand Brent average price increased from $ 37.77 to $ 44.53.Also for 2017, the agency has increased the estimate of crude. Yesterday sharp boom, MCX Crude trading down due to last closing. he US Energy Department inventory report today said. Earlier, in the API reported crude stocks had gained about 22 barrels. MCX Crude oil is trading around Rs 3100 slipped 1 percent.

#According to Source you can Buy Crude around 3100 targets 3175, 3275 Stop loss 2999.

MCX Gold Fall Due to Decrease demand at Higher Prices @ Buy Gold MCX

The 2-year upper level has waned after touching a golden glow. Decline in demand at higher prices, which many jewelers are offering. The domestic gold discount of Rs 1,000 per 10 gram running. During the last 6 months, gold imports have fallen about 50 per cent. From January to June this year, is expected to barely 212 tonnes of gold imports.

The last 6 months has fallen about 50 per cent of gold imports. From January to June this year, is expected to barely 212 tonnes of gold imports.

In terms of the domestic market by 1 percent, Gold is showing around Rs 31,400 with osteoporosis.

According to Source you can Buy MCX Gold form Lower levels and Put target around 31700 , you can hold it end of week.

Jeera NCDEX Commodity Down Fall By profit Booking

Jeera futures traded within a range during previous trading session by taking mixed cues from spots market. Jeera futures continue to close lower for the last three days of the last week mostly because of profit booking. However, spot prices were up by 1.53% for the week. The arrivals may slow down as monsoon hit most parts of Gujarat. Rise in arrivals at spot market due to the current higher rate pulled the market down.

Jeera futures prices are likely to extend trade on a range bound. Strong export demand may support the prices to trade high. On the other hand, rise in arrivals due to the higher price at spot market may limit the gains. Jeera trade ended the day at Rs. 17840 per quin which is approx 0.08% up against its previous close. We recommend sell Jeera futures during today’s trading session.

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.