daily agri report by epic research 25 aug 2014

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DAILY AGRI COMMODITY REPORT 25th AUGUST 2014

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DAILY WRAP UP

MONTH OPEN HIGH LOW CLOSE % CHG OI (in Lots) VOL

DHANIYA

SEP

12250

12305

12150

12185

-0.90

7080 5720

INTRADAY LEVELS

SUPPORT

SUPP. 1

12122

SUPP. 2

12058

PIVOT

12213

RESISTANCE RES. 1

12277

RES. 2

12368

Dhaniya short term trend is down, and furthermore

down is expected in coming days.

MONTH OPEN HIGH LOW CLOSE %

CHANGE OI (in lots)

VOL

CASTORSEED

SEP

4313

4313

4250

4272

-1.45

44750

30020

INTRADAY LEVELS

SUPPORT SUPP. 1

4244

SUPP. 2

4215 PIVOT

4278

RESISTANCE RES. 1

4307

RES. 2

4341

Castorseed Short term trend is down. Price expected to go

down in coming days

.

SOYABEAN

OCT. 3488 3488 3398 3414 0.12 73470 61110

INTRADAY LEVELS

SUPPORT SUPP. 1

3379

SUPP. 2

3343

PIVOT

3433

RESISTANCE RES. 1

3469

RES. 2

3523

Soyabean price is in down trend and may continue in

upcoming days.

GUARGUM

OCT. 17860 18000 17590 17600 -3.93 544 456

INTRADAY LEVELS

SUPPORT SUPP. 1

17460

SUPP. 2

17320

PIVOT

17730

RESISTANCE RES. 1

17870

RES. 2

18140

Guargum Short term trend is up, Expecting price may

go up in coming days.





NCDEX INDICES

FUNDAMENTAL AND MANDI REPORT

Index Value Pre. Close % Change

CASTORSEED

4208

4266

-1.36

CHANA

2892

2935

-1.47

CORIANDER

11825

11945

-1.00

COTTON SEED OILCAKE

1799

1807

-0.44

JEERA

11190

11270

-.71

MUSTARD SEED

3496

3448

1.39

SOYBEAN

3414

3410

0.12

SUGAR M GRADE

3055

3038

0.56

TURMERIC

6598

6692

-1.4

TOP LOSERS

SYMBOL EXPIRY DATE CURRENT

PRICE CHANGE

CHANGE %

REFINED SOY OIL 19-09-2014 615.00 -10.40 -1.66%

CHANA 19-09-2014 2892.00 -43.00 -1.47%

TURMERIC 19-09-2014 6598.00 -94.00 -1.40%

CASTOR SEED NEW 19-09-2014 4208.00 -58.00 -1.36%

TOP GAINERS

SYMBOL EXPIRY DATE

CURRENT PRICE

CHANGE CHANG

E %

RAPESEED-MUSTARD SEED 19-09-2014 3488.00 40.00 1.16%

SUGAR M GRADE 19-09-2014 3053.00 15.00 0.49%

SOYABEAN 20-10-2014 3422.00 12.00 0.35%





COMMODITIES IN NEWS SUGAR

Sugar prices were down by 0.33 per cent to Rs 3,040 per quintal in futures trade today as speculators reduced positions on subdued demand from bulk consumers in the spot market amid ample stock positions. At the Na-tional Commodity and Derivatives Exchange, sugar for delivery in Octo-ber fell by Rs 10, or 0.33 per cent, to Rs 3,040 per quintal with an open interest of 2,030 lots. The September contract shed Rs 2, or 0.07 per cent, to Rs 3,036 per

GUARGUM

Guar gum prices declined by Rs 470 to Rs 17,650 per quintal in futures trading today as speculators trimmed positions in tune with weak export and domestic spot demand. .Market men said participants offloaded positions amid weak cues from global markets. Besides, increased supply of guar seed from growing belts amid slackness in demand of guar gum at physical markets too weighed onprices, they added. At the National Commodity and Derivatives Ex-change counter, guar gum prices for October contract slipped by Rs 470, or 2.59 per cent, to Rs 17,650 per quintal,

REF. SOYA OIL

Refined soya oil prices declined 0.66 per cent to Rs 621.25 per 10 kg in fu-tures trading today as speculators reduced positions amid sluggish demand in the spot market. At the National Commodity and Derivatives Ex-change, refined soya oil for delivery in September fell by Rs 4.15, or 0.66 per cent, to Rs 621.25 per 10 kg with an open interest of 95,785 lots. The October contract shed Rs 2.20, or 0.38 per cent, to Rs 584.40 per 10 kg in 87,720 lots. Analysts said offloading of positions by speculators due to subdued demand in the spot market against adequate stocks position mainly led to the fall in refined soya oil prices at futures trade.

ECONOMIC NEWS

Crop plantings have picked up further over the past week but remain lower than year-earlier levels, with monsoon rain deficits alarming wide in the northern bread-basket states. Average rainfall in this monsoon season that started in June was 19% below what is con-sidered normal based on a 50-year average. According to data from the India Meteorological Department, 21 out of the country's 36 subdivisions received normal rainfall this season. But in Haryana and Punjab, the states considered as India's bread basket, rains were 63% and 62% below normal, respectively. In West Uttar Pradesh, the deficit was 54%, while it was 59% in the Marathwada region and 53% in Telangana Strong rainfall in east and south India helped rice plantings expand to 33.52 million hectares from 33.38 million a year ago.

Officials however said sowing was slow in Maharash-tra, Assam and Andhra Pradesh. particularly in Guja-rat, Andhra Pradesh and Tamil Nadu, at 16.83 million hectares, Area under pulses - pigeon pea, urad bean and moong bean - has dropped, largely in Maharashtra, Karnataka and Rajasthan.





FUNDAMENTAL AND MANDI REPORT

CASTORSEED National Market Report

No major change in sentiments has been witnessed in castor market on Friday. Cash market is likely to trade range bound in the weeks ahead as weak demand restricts upward momentum. Planters are offering Rs 795 per 20 kg. In Mehsana and are unwilling to offer higher price for castor seed at this point of time. Castor oil FOB quote is hovering in the range of $1440 to $1442 per tonne. As area coverage has improved considera-bly amid sluggish demand, any uptrend in the short term is unlikely. Area coverage till 14th August has been registered at 5.52 lakh ha.,

higher than last year (4.89 lakh ha.) till date. Normal area for whole kharif season is 10.37 lakh ha. Area under castor seed is likely to increase at least by 9 to 10 percent from 9.83 to 10.54 lakh ha. in 2014-15. How-ever, it would not impact price much in the third quarter.

International Update FoB quote for castor oil at Kandla has increased from $1430 to $1440 for export in last three days. Price has increased almost $10 per tonne today despite lower quotes for seed. Buyers like China,EU and Japan may enter in to the market in second half of August for bulk buying. Demand for castor meal continues from EU, USA and China. However, recent dip has slowed down fresh deal for the same. As buyers remain inactive FOB price is bound to stay steady in the third week of August. Export quote for meal increased slightly by $2 to $108 per tonne today. Price of castor oil in Rotterdam too has increased from $1705to $1725 per metric tonne during last one week. Buyers like EU, USA and China remain sidelined. No major export trade was reported on Thursday and buyers are waiting for a clear directional clue.

MARKET

20-Aug-14

19-Aug-14

MADHYA PRADESH

22000

20000

MAHARASTRA

3000

8000

STOCK POSITION AT NCDEX WAREHOUSES

CENTER

22-Aug-14

21-Aug-14

%Change

SUMERPUR

3525

3950

-25

JODHPUR

3800

3800

UNCH

RAJKOT

3800

3750

UNCH

PATAN

NR

4150

-

DEESA

NR

4200

-

GONDLAL 3755

3780

-25





COMMODITY NAME LOCATION PRICE Bajra

Jaipur

1245

Barley Jaipur 1490

Castor Seed Disa 4252.25

Castor Seed 1 MT Disa 4252.25

Chana Bikaner 2850

Chana Delhi 2960

Chana Indore 2984.8

Chana 1 MT Delhi 2960

Chilli Guntur 7363.65

Chilli Teja Khammam 10275

Coriander Kota 11343.2

Cotton Kadi 18644.55

COMMODITY NAME LOCATION PRICE

Maize - Feed/Industrial Grade Davengere 1360

Maize - Feed/Industrial Grade Karimnagar

1372.5

Maize - Feed/Industrial Grade Sangli

1475

Maize - Feed/Industrial Grade Delhi 1240

Mustardseed Jaipur

3617.6

Mustardseed Alwar

3661.5

Pepper Kochi 72290

Polyvinyl Chloride Mumbai 75185.2

RBD Palm Olein Kakinada 529.75

RBD Palmolein Kandla 527.5

Ref Soya Oil Nagpur 652.8

Ref Soya Oil Indore 633.25

SPOT QUOTES





RECOMMENDATIONS

SELL DHANIYA BELOW 11810 TGT 11780-11730 SL 11860 BUY DHANIYA ABOVE 11905 TGT 11935-11985 SL 11855

SELL GUARGUM (BELOW 17400 TGT 17350-17250 SL 17490 BUY GUARGUM ABOVE 17730 TGT 17780-17880 SL 17640

SELL CASTORSEED BELOW 4185 TGT 4155-4105SL 4235 BUY CASTORSEED ABOVE 4235 TGT 4265-4315 SL 4185

SELL SOYBEAN BELOW 3375 TGT 3345-3295 SL 3425 BUY SOYBEAN ABOVE 3450 TGT 3480-3530 SL 3400

DHANIYA (SEP.) GUARGUM (OCT.)

SOYABEAN (OCT.) CASTORSEED (SEP.)





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daily agri report by epic research 25 aug 2014

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