Showing posts with label Soyabean. Show all posts
Showing posts with label Soyabean. Show all posts

Sunday, 14 January 2018

FREE AGRI COMMODITY MARKET NEWS & LEVELS - 15 JAN 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,

The NCDEX Turmeric Apr futures is surged up by 0.63% in the last trading to close at 7620 level till Friday closing at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric kept trading weak owing to lack of strong export demand in the mandis as prices faced strong Resistance near the 8000 mark. Reports of lower sowing prospects can support turmeric prices in coming sessions. Reports from Erode indicate a drastic fall in sowing in those regions due to a drought like situation this year. As per trader estimates, the production this year is expected to fall to 1-3 lakh bags from the normal 15-20 lakh bags seen on an average. This lower production will be to some extent compensated by a higher production expectation from AP and Maharashtra.
TURMERIC (APR) TECHNICAL VIEW:
TREND: SIDEWAYS
RESISTANCE 2: 7770
RESISTANCE 1: 7700
SUPPORT 1: 7570
SUPPORT 2: 7520
STRATEGY: SELL ON RISE

The NCDEX Soyabean Jan futures slipped by -0.59% in the last trading to close at 3213 level till Friday closing. Soybean ended the session with moderate gains. With the recent hike in import duty, any fall will be short lived now. Currently prices are low enough to encourage buying from the solvent plants. The arrivals pace shall be dropping in coming weeks in the US and India. Therefore with prices still perceived cheaper, buyers will be showing interest in stocking soybean from physical markets at every moderate price fall. NCDEX February soybean in this week might trade between 3120- 3220 levels. Tone remains positive in soybean due to the recent hike in import duty of edible oils and soybean. As stated in the latest USDA report, inventories or end stocks of US soybean might total 445 million bushels at the end of the marketing year, above last month’s forecast for 425 million bushels. The USDA also lowered its outlook for soybean exports by 25 million bushels due to weak demand so far this year.
SOYABEAN (JAN) TECHNICAL VIEW:
TREND: BULLISH
RESISTANCE 2: 3240
RESISTANCE 1: 3225
SUPPORT 1 : 3200
SUPPORT 2: 3190
STRATEGY: BUY ON DIPS

The NCDEX Guarseed Jan futures is surged up by 0.16% in the last trading to close at 4300 level till Friday closing. Guar prices found some immediate support at these lower levels as traders anticipate the exports to pick up from next week onwards. Trading activities remained low in mandis. In near tem, strong spot/ export demand and improving bullish outlook in Crude oil will be the key bullish drivers. Upward trend is expected in medium term also because of rising export demand and concerns on production front from recent crop losses, due to excess rains in Rajasthan, just few months back. Lowering inventories will be another bullish factor. The new crop arrivals shall drop further thereby offering further support.
GUARSEED (JAN) TECHNICAL VIEW:
TREND: BULLISH
RESISTANCE 2: 4370
RESISTANCE 1: 4330
SUPPORT 1: 4270
SUPPORT 2 : 4240
STRATEGY: BUY ON DIPS

The NCDEX Jeera Jan futures surged up by 2.00% in the last trading to close at 21455 level on Friday. Slight weak sentiments prevailed for Jeera as closure of many International mandis kept trading activities on the lower side. Traders anticipate however the export demand to start rising from next week onwards. In coming sessions any adverse weather conditions in Gujarat/ Rajasthan may cause prices to recover from these levels. Rains are beneficial for the crop growth. A cooler weather would also be beneficial for the crop. Even as sowing is expected to be on the higher side with shifting of other crop towards Jeera due to the high prevailing rates, a delayed sowing in Gujarat (due to warmer climate) may have some adverse impact on the crop productivity and its arrivals.
JEERA (JAN) TECHNICAL VIEW:
TREND: SIDEWAYS
RESISTANCE 2: 21700
RESISTANCE 1: 21580
SUPPORT 1: 21200
SUPPORT 2: 20950
STRATEGY: SELL ON RISE


Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & UPDATES - 15 JAN 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean, Jeera Tips,

Menthaoil
Menthaoil on MCX settled down -0.76% at 1657.4 on profit booking amid easing demand in the spot market. Besides, ample stocks on higher supplies from major producing belts of Chandausi in Uttar Pradesh too influenced mentha oil prices. As per the sources domestic demand has slightly improved from the major domestic consuming industries.
Stock positions of mentha in MCX accredited warehouses were around 6102 drums which is 96 drums less in comparison to previous day, while in process were 24 drums which is same against the previous day. According to the sources, there has been decline in demand of mentha from local consuming industries as well as stockiest which is creating pressure to the mentha prices.
Also in recent days arrivals has increased which is limiting the upside movement of the prices. As per sources, India contributes around 80% to the total global mentha oil production. Total global production stood at around 48,000 tonnes, out of which India produces between 30,000-40,000 tonnes. According to estimates, mentha oil production in India for crop year 2016-17 will be around 38,000 tonnes. As per the data, the global demand of essential oil will increase in the coming years.
Technically market is under long liquidation as market has witnessed drop in open interest by -1.89% to settled at 1665 while prices down -12.7 rupees, now Menthaoil is getting support at 1633.6 and below same could see a test of 1609.8 level, And resistance is now likely to be seen at 1675.6, a move above could see prices testing 1693.8.
Soyabean   
Soyabean on NCDEX settled down -0.89% at 3238 on profit booking tracking weakness in spot demand after prices seen support amid supplies have been diminishing slowly in the physical market. Prices also seen under pressure from expectations that the US Department of Agriculture will later report bigger US stockpiles, pushing the oilseed to its biggest weekly fall in a month.
However, some losses were capped on the reports that the inventories are lower compared to last year and supplies have been diminishing slowly in the physical market. Brazilian soybean production in the 2017/18 crop cycle is expected to reach 114 million tonnes, consultancy AgRural said, citing an increase in planted area.
In a December forecast, AgRural had said production would reach 112.9 million tonnes. Last season, Brazil produced a record high 114.1 million tonnes. Chinese imports of soybeans jumped to the second-highest volume on record in December, according to data, boosted by strong demand in the run-up to next month's Lunar New Year holiday.
December imports by the world's top soy buyer came in at 9.55 million tonnes, up 10 percent from the month before and up 6 percent from December, 2016, according to calculations based on annual data released by the General Administration of Customs.
Ref soyoil
Ref soyoil ended with losses due to higher stocks in the country and sufficient stocks in the pipeline amid improved domestic crushing and higher imports. India's vegoil imports in December fell 10 percent to 1.1 million tonnes from a year ago, a trade body said. The country's imports of palm oil in December stood at 722,857 tonnes, while soyoil imports were 79,250 tonnes, the Solvent Extractors' Association of India said in a statement.
Moreover, government has slashed the base import price of all edible oils. For soy soil the base import prices were cut by $19 per ton to $813 for the first fortnight of Jan 2018. The government revises base import prices every fortnight based on global prices and changes in foreign exchange rate. Prices were last revised on Dec 30.
According to data released by the Solvent Extractors' Association (SEA), India vegetable oil imports rose around 6% on year to 12.5 lakh tonnes in November. Soyoil imports surged by 66.7% in November to 2.74 lt compared to 1.64 lt last year. India's oilmeal exports dropped by 22% compared to same period a year ago on higher prices amid lower number of export dates, provisional data released by Solvent Extractors Association of India (SEA) showed. India's total oilmeal exports during December provisionally reported at 236,000 tons compared to 301,556 tons in the same period a year ago.
Technically market is under long liquidation as market has witnessed drop in open interest by -3.26% to settled at 34130 while prices down -0.65 rupees, now Ref.Soya oil is getting support at 738 and below same could see a test of 736 level, And resistance is now likely to be seen at 742, a move above could see prices testing 744.          
Turmeric         
Turmeric on NCDEX settled up 0.87% at 7638 tracking firmness in spot demand owing to lower stocks in the market. The supplies from the new season turmeric have been lower during first 10 days of Jan at 4,118 tonnes compared to 5,527 tonnes last year, as per data. The export of turmeric is down by 17% to 63,395 tonnes for the first 7 month of FY 2017/18 compared to last years’ exports.
New crop would commence by the end of month and expectations of selling by the AP Markfed. AP Markfed had purchased nearly 48,500 ton turmeric under market intervention scheme. Standing turmeric crop is mostly in its vegetative to development stage across major growing states. As per preliminary estimates, output in the season is expected to decline slightly due to lower sowing.
Arrivals of new crop generally start in December and picks up in January-February. Spot turmeric prices decreased at Erode markets due to slack demand from upcountry buyers. Around 5,000 bags arrived for sale and the buyers purchased all the 600 bags of good quality turmeric and purchased 2,500 and odd bags of medium quality.
The best quality finger variety went for Rs8,400 a quintal in all the markets and the root variety at Rs7,800. At the Erode Turmeric Merchants Association, the finger turmeric fetched Rs5,555-8,539 a quintal; root variety Rs5,209-7,803. Of the arrival of 3,574 bags, 1,339 were traded.
Technically market is under fresh buying as market has witnessed gain in open interest by 1.86% to settled at 10120 while prices up 66 rupees, now Turmeric is getting support at 7585 and below same could see a test of 7531 level, And resistance is now likely to be seen at 7707, a move above could see prices testing 7775.      
 Jeera  
Jeera prices traded in range amid reports of scattered new crop supplies in the markets of Gujarat and weak demand. Few bags of new crop jeera have been started arriving in Unjha market of Gujarat. Pressure also seen on prices amid lower demand in local mandis in anticipation oversupply woes following increased acreages.
Jeera sowing in Gujarat jumped to 382,600 hectare from 286,030 hectare a year ago. Sowing in Rajasthan, the other jeera sowing state, also spurted to 70,765 hectare until Jan 1 from 38,000 hectare a year ago. There is an expectation that jeera production may be higher in coming season on reports of higher acreage of cumin in the current season. In Gujarat, Jeera acreage is up by 38% to 3.83 lakh hectares as on 9-Jan-18. Last year, it was 2.88 lakh ha at that same time.
Jeera arrivals during first 10 days of Jan 18 Dec were down to 879.5 tonnes on year compared to 3,944 tonnes due to tight supplies and lower stocks with the stockists. Moreover, good progress of jeera sowing in Gujarat pressurizes prices.
As per government data, Jeera exports during first seven month of FY 2017/18 (Apr-Sep) is 88,229 tonnes, up 11% compared to last year exports volume for the same period. India's jeera exports in October increase by 37% on year to 10,402 tn.
Technically market is under fresh selling as market has witnessed gain in open interest by 2.13% to settled at 8496 while prices down -25 rupees, now Jeera is getting support at 16818 and below same could see a test of 16747 level, And resistance is now likely to be seen at 16953, a move above could see prices testing 17017.


Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Wednesday, 14 January 2015

AGRI COMMODITY TRENDS AND LEVELS FOR 15 JAN 2015

Chana , Dhaniya , soyabean , cs turmeric, Agri Commodity Tips, free agri calls, Future Trading Tips
CS TURMERIC (APRIL) OVERVIEW:
TREND   MIXED TO BULLISH
RESIST 2:9475
RESIST 1:9330            
SUP1:9100
SUP2:9000
STRATEGY: BUY ON DIPS

CS SOYABEAN (FEBRUARY) OVERVIEW:
TREND  MIXED TO BULLISH
RESIST 2:3545
RESIST 1:3500
SUP1:3415
SUP2:3370
STRATEGY: BUY ON DIPS

CS CHANA  (FEBRUARY) OVERVIEW:                        
TREND  MIXED TO BEARISH
RESIST 2:3515
RESIST 1:3485
SUP1:3430
SUP2:3405
STRATEGY: SELL ON RISE

CS DHANIYA (APRIL) OVERVIEW:
TREND   BEARISH
RESIST 2:8220
RESIST 1: 7870             
SUP1:7100
SUP2:6900
STRATEGY: SELL ON RISE

 

Tuesday, 13 January 2015

AGRI MARKET STRATEGIES AND LEVELS FOR 14 JAN 2015

Chana, Dhaniya, cs turmeric, Soyabean, free agri calls, Agri Commodity Tips, Future Trading Tips
CS TURMERIC (APRIL) OVERVIEW:
TREND   BULLISH
RESIST 2:9480
RESIST 1:9350            
SUP1:9000
SUP2:8750
STRATEGY: BUY ON DIPS

CS SOYABEAN (FEBRUARY) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 2:3465
RESIST 1:3455
SUP1:3425
SUP2:3405
STRATEGY: SELL ON RISE

CS CHANA (FEBRUARY) OVERVIEW:                        
TREND  MIXED TO BEARISH
RESIST 2:3625
RESIST 1:3555
SUP1:3435
SUP2:3385
STRATEGY: SELL ON RISE

CS DHANIYA (APRIL) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 2:8460
RESIST 1: 8230             
SUP1:7885
SUP2:7770
STRATEGY: SELL ON RISE


Friday, 9 January 2015

AGRI WEEKLY REPORT 05 JAN 2015 - 10 JAN 2015


Chana, Jeera, Soyabean, Dhaniya, Turmeric, Free Agri Calls, Agri Commodity Tips, AGRI NCDEX/MCX Tips
TURMERIC WEEKLY PIVOT POINT
SCRIPT            R2            R1         PP          S1           S2

TURMERIC    10286        9799      9192     8705      8098

WEEKLY OUTLOOK

 TREND                          BULLISH

  R1                                   9700                             

  R2                                   10250

  S1                                    8500

  S2                                  8000

 STRATEGY                 BUY ON RISE

DHANIYA  WEEKLY PIVOT POINT

SCRIPT            R2           R1         PP         S1           S2

DHANIYA      13151      12062    13391     10302   9631


WEEKLY OUTLOOK

TREND                           BEARISH

  R1                                  12000                             

  R2                                  13150

  S1                                  10300

  S2                                  9600

 STRATEGY                    SELL ON RISE

SOYABEAN  WEEKLY PIVOT POINT

SCRIPT              R2          R1           PP         S1           S2

SOYABEAN       3550       3460      3385      3295       3220


WEEKLY OUTLOOK

TREND                   MIXED TO BULLISH

 R1                                  3460                           

 R2                                  3575

 S1                                  3290

 S2                                  3205

STRATEGY                 BUY ON DIP


JEERA WEEKLY PIVOT POINT

SCRIPT      R2               R1              PP              S1            S2

JEERA       16868        16086        15433        14651      13998

WEEKLY OUTLOOK

 TREND                        MIXED TO BULLISH

  R1                                  16000                          

  R2                                  16850

  S1                                  14650

  S2                                  14000

 STRATEGY               BUY ON DIP

CHANA  WEEKLY PIVOT POINT

SCRIPT            R2           R1            PP         S1            S2

CHANA             3872       3682      3554       3364      3236

WEEKLY OUTLOOK

 TREND                     MIXED TO BULLISH

  R1                                  3700                         

  R2                                  3950

  S1                                  3330

  S2                                  3150


 STRATEGY               BUY ON RISE


Thursday, 8 January 2015

Agri Commodity Market Level-8 Jan 2015


Chana ,Soyabean,Turmeric ,Dhaniya, Agri Commodity Tips, free agri calls, Free Agri TipsCS TURMERIC  (APRIL) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 2:9600
RESIST 1:9375            
SUP1:9000
SUP2:8850
STRATEGY: BUY ON DIPS

CS SOYABEAN (JANUARY) OVERVIEW:
TREND  MIXED TO BULLISH
RESIST 2:3415
RESIST 1:3400
SUP1:3370
SUP2:3355
STRATEGY: BUY ON DIPS

CS CHANA  (JANUARY) OVERVIEW:                        
TREND  MIXED TO BULLISH
RESIST 2:3520
RESIST 1:3495
SUP1:3435
SUP2:3400
STRATEGY: BUY ON DIPS

CS DHANIYA (APRIL) OVERVIEW:
TREND  MIXED TO BULLISH
RESIST 2:8575
RESIST 1:  8445             
SUP1:8160
SUP2:8000     
STRATEGY:  BUY ON DIPS