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1. DAILY AGRI COMMODITY REPORT
07 December 2016
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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
DEC 7248 7288 7202 7240 0.30 1495
INTRADA
Y LEVELS
SUPPORT SUPP.1
7199
SUPP. 2
7157
PIVOT
7243
Turmeric short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
7285
RES. 2
7329
CORIANDER
DEC 7850 7852 7656 7755 -1.45 2610
INTRADAY
LEVELS
SUPPORT SUPP.1
7657
SUPP. 2
7558
PIVOT
7754
Coriander short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
77853
RES. 2
7950
GUARGUM
DEC 6287 6297 6139 6220 -0.08 4145
INTRADAY
LEVELS
SUPPORT SUPP. 1
6140
SUPP. 2
6061
PIVOT
6219
Guargum short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
6298
RES. 2
6377
CASTORSEED
- - - - - - -
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 - - -
Chana - - -
Coriander 7755 7869 -1.45
Guargum5MT 6220 6225 -0.08
Jeera 17975 18375 -2.18
Mustard seed 4738 4777 -0.82
Soybean 3055 3076 -0.68
Turmeric 7240 7218 0.30
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
SUGAR M GRADE 20-12-2016 3438.00 27.00 0.79%
WHEAT 20-12-2016 2035.00 15.00 0.74%
REF SOYA OIL 20-12-2016 740.50 4.95 0.67%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
JEERA 20-12-2016 17975.00 -385.00 -2.10%
CORIANDER 20-12-2016 7755.00 -103.00 -1.31%
COTTON SEED OIL CAKE
AKOLA
20-12-2016 1982.00 -19.00 -0.95%
RAPESEED-MUSTARD
SEED
20-12-2016 4738.00 -30.00 -0.63%

4. Commodities In News
4
ECONOMIC NEWS
 Dnyaneshwar Gavande, a farmer in Maharashtra’s Mhaisang village,
didn’t have cash but managed to plant gram on his eight-acre farmland on
time. All inputs adding up to Rs 35,000 were on credit. Villagers have even
managed to hire farm labour without paying any cash. They simply request
the village kirana store owner to give groceries on credit to the labourers on
their personal guarantee. “Chana (gram) seeds were very expensive, but my
cousin had some so I could borrow from him and plant those seeds,”
Gavande said. Villagers across the country have similar stories to narrate,
whether it is Punjab, West Bengal or Uttar Pradesh. They are betting on
trust and credit to ensure they don’t miss out on planting crops in time,
helping the country’s crop planting expand 35% in the week to November
25 and another 27% in the following seven days, according to data from
the agriculture ministry. Overall crop planting is 9% higher than last year.
 India's wheat production could be impacted this year if temperature rises
in the crucial February-March as predicted by the Met Department, a top
ICAR official said today. He also said the Indian Council of Agricultural
Research (ICAR) is hastening research on developing new wheat varieties
to cope with high temperature due to climate change. But still, it will take a
couple of years to reach farmers. Wheat is a highly temperature-sensitive
crop. Recently, the India Meteorological Department (IMD) has forecast
warmer winter for this year. The sowing of wheat, the main rabi (winter)
crop, is still under way in the country. Wheat has been sown in 173.93 lakh
hectares till last week of the 2016 rabi season, much higher than 152.56
lakh hectares in the year-ago period. "If temperature rises, as predicted by
IMD, in crucial February and March, it will really impact wheat crop yields
and the overall production," ICAR Director General Trilochan Mohapatra
told. The studies have sown that one degree rise in temperature impacts 10
per cent wheat yields, he said. The average wheat yield in India is 3-4
tonnes per hectare while in Punjab, it is up to 6-7 tonnes per hectare.
 Coriander futures traded lower on NCDEX as participants cut down
their bets, tracking easing demand in the domestic spot market.
Besides, ample stock positions following higher supplies from major
growing regions also influenced coriander futures. The contract for
December delivery was trading at Rs 7740.00, down by 1.64% or Rs
129.00 from its previous closing of Rs 7869.00. The open interest of
the contract stood at 4560.00 lots. The contract for January delivery
was trading at Rs 7910.00, down by 1.13% or Rs 90.00 from its
previous closing of Rs 8000.00. The open interest of the contract stood
at 5640.00 lots on NCDEX.
 Soybean futures edged lower on NCDEX as traders trimmed their
positions on anticipation of increase in supplies in December.
However, good crushing demand from the mills capped some losses.
The contract for December delivery was trading at Rs 3050, down by
0.85% or Rs 26.00 from its previous closing of Rs 3076. The open
interest of the contract stood at 92090 lots. The contract for January
delivery was trading at Rs 3107, down by 0.99% or Rs 31.00 from its
previous close of Rs 3138. The open interest of the contract stood at
94370 lots on NCDEX.
 Jeera futures traded lower on NCDEX on reports of higher sowing at
the producing belts of Gujarat. Gujarat farmers have planted jeera in 1,
41,100 hectares, up by 122.5% compared to last year acreage. Though,
some fresh export enquiries at the spot market, capped some losses.
The contract for December delivery was trading at Rs 18140, down by
1.28% or Rs 235.00 from its previous closing of Rs 18375. The open
interest of the contract stood at 4455 lots. The contract for January
delivery was trading at Rs 17605, down by 1.21% or Rs 215.00 from
its previous closing of Rs 17820. The open interest of the contract
stood at 3891 lots on NCDEX.

5. Technical Outlook
5
SELL CORIANDER JANBELOW 7850 TARGET 7800 7740 7670
SL ABOVE 7880
SELL GUARGUM5 DEC BELOW 6200 TARGET 6150 6090 6040
SL ABOVE 6250
BUY TURMERIC APR ABOVE 7050 TARGET 7105 7145 7195
SL BELOW 7002

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