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1. DAILY AGRI COMMODITY REPORT
11 MAY 2017
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2. Market Views
2
MONT
H
OPEN HIGH LOW
CLOS
E
% CHG VOL
MONT
H
OPEN HIGH LOW
CLOS
E
% CHG VOL
TURMERIC
APR 5568 5676 5488 5524 -1.36 6045
INTRADAY
LEVELS
SUPPORT SUPP. 1
5449
SUPP. 2
5374
PIVOT
5562
Turmeric short term trend
is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
5637
RES. 2
5750
CORIANDER
APR 5858 5930 5657 5720 -1.60 10240
INTRADAY
LEVELS
SUPPORT SUPP.1
5608
SUPP. 2
5496
PIVOT
5769
Coriander short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
5881
RES. 2
6042
GUARGUM 5MT
APR 7810 7865 7685 7750 -1.94 6550
INTRADAY
LEVELS
SUPPORT SUPP. 1
7668
SUPP. 2
7586
PIVOT
7766
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
7848
RES. 2
7946
CASTORSEED
FEB - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP. 1
-
SUPP. 2
-
PIVOT
-
-
RESISTA
NCE
RES. 1
-
RES. 2
-

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
Castorseed 4544 4512 0.71
Chana - - -
Coriander 5720 5813 -1.60
Guargum5MT 7750 7903 -1.94
Jeera 18250 18380 -0.71
Musterseed 3674 3709 -0.94
Soybean 2847 2865 -0.63
Turmeric 5524 5600 -1.36
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
MAIZE -
FEED/INDUSTRIAL
GRADE
19-05-2017 1428.00 12.00 0.85%
WHEAT 19-05-2017 1581.00 3.00 0.19%
SUGAR M GRADE 19-05-2017 3690.00 18.00 0.49%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
COTTON SEED OIL CAKE
AKOLA
19-05-2017 1891.00 -40.00 -2.07%
TURMERIC 19-05-2017 5524.00 -80.00 -1.43%
CORIANDER 19-05-2017 5725.00 -88.00 -1.51%
REF SOYA OIL 19-05-2017 623.50 -2.70 -0.43%

4. Commodities In News
4
ECONOMIC NEWS
➢ Cotton planting in India, the world's biggest producer of the fibre, is
likely to rise by 15 percent in the 2017/18 marketing season to a three-year
high as farmers switch away from other crops, likely boosting cotton
production and exports. Higher output in India could kill a rally that pushed
global cotton prices to their highest in three years this month. "This year
farmers received higher prices, so they are going to raise the area under
cotton. We are expecting around a 15 percent increase," said Mekala
Chockalingam, chairman of the state-run Cotton Corporation of India
(CCI), the biggest cotton buyer in the country. Domestic cotton prices rose
19 percent from a year ago to 41,300 rupees ($639) per 356 kg candy,
following the rally in overseas prices.
➢ India's tea production in March fell 21 percent from a year earlier to
56.08 million kg as dry weather hurt production in the biggest producing
north-eastern Assam state, the state-run Tea Board said. Assam produced
21 million kg of tea in March, down 37.4 percent from the year-earlier
period, the board said in a statement. India, the world's second-biggest tea
producer, exports CTC (crush-tear-curl) grade mainly to Egypt, Pakistan
and the UK, and the orthodox variety to Iraq, Iran and Russia. In Kenya,
the world's biggest tea exporter, drought cut the African country's first-
quarter production by more than a third from a year earlier to 90.09 million
kg, the Tea Board said last week.
➢ The government today projected wheat output at an all-time high of
97.44 million tonnes (MT) in the 2016-17 crop year ending next month due
to good monsoon. India had harvested 92.29 MT wheat during the 2015-
16 crop year (July-June). Wheat, the main rabi crop, is being harvested
now. The previous record was 95.85 MT achieved in 2013-14. In its third
estimate released today, the agriculture ministry has revised the 2016-17
wheat output marginally upward by 0.8 MT from its earlier estimate as
yields got better in the absence of any major weather aberrations.
➢ Turmeric futures traded lower on NCDEX as participants reduced
their exposure due to easing demand at the domestic spot markets.
Besides, reports of higher stocks availability on increased supplies from
the producing regions too fuelled the downtrend. The contract for May
delivery was trading at Rs 5546.00, down by 0.96% or Rs 54.00 from
its previous closing of Rs 5600.00. The open interest of the contract
stood at 2900 lots. The contract for June delivery was trading at Rs
5632.00, down by 1.16% or Rs 66.00 from its previous closing of Rs
5698.00.
➢ Jeera futures traded down on NCDEX as speculators engaged in
trimming positions amid lower domestic and exports demand at the
spot market. Furthermore, huge stocks at the spot markets following
higher supplies from the major growing regions in Gujarat and
Rajasthan too fuelled the downtrend. The contract for May delivery
was trading at Rs 18255, down by 0.68% or Rs 125.00 from its
previous closing of Rs 18380. The open interest of the contract stood at
1677 lots. The contract for June delivery was trading at Rs 18415,
down by 0.81% or Rs 150.00 from its previous closing of Rs 18565.
The open interest of the contract stood at 16992 lots on NCDEX.
➢ Soybean futures traded marginally lower on NCDEX, despite good
meal exports data. Meanwhile, strong soybean demand from top
importer China helped to support the market. Reports showed that
China imported eight million tons of soybeans in April, an increase of
13.4% year on year. The contract for May delivery was trading at Rs
2852.00, down by 0.45% or Rs 13.00 from its previous closing of Rs
2865.00. The open interest of the contract stood at 29090 lots. The
contract for June delivery was trading at Rs 2931.00, down by 0.31%
or Rs 9.00 from its previous closing of Rs 2940.00.

5. Technical Outlook
5
BUY CORIANDER APR ABOVE 5700 TARGET 5730 5770 5820
SL BELOW 5650
SELL TURMERIC MAYBELOW 5480 TARGET 5450 5410 5360
SL ABOVE 5530
BUY GUARGUM5 MAY ABOVE 7960 TARGET 7990 8030 8080
SL BELOW 7910

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Lovelesh
Sharma
Digitally signed by Lovelesh
Sharma
DN: cn=Lovelesh Sharma c=IN
o=Personal
Reason: I am the author of this
document
Location:
Date: 2017-05-10 22:07+05:30