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1. DAILY AGRI COMMODITY REPORT
18 October 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
SEP 7210 7284 7110 7152 -1.24 3970
INTRADA
Y LEVELS
SUPPORT SUPP.1
7080
SUPP. 2
7008
PIVOT
7182
Turmeric short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
7254
RES. 2
7356
CORIANDER
SEP 7350 7350 7166 7166 -2.99 3450
INTRADAY
LEVELS
SUPPORT SUPP.1
7104
SUPP. 2
7043
PIVOT
7227
Coriander short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
7288
RES. 2
7411
GUARGUM
OCT 6600 6630 6410 6425 -2.86 18465
INTRADAY
LEVELS
SUPPORT SUPP. 1
6346
SUPP. 2
6268
PIVOT
6488
Guargum short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
6566
RES. 2
6708
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 6982 7196 -2.97
Guargum 6250 6450 -3.1
Jeera 16105 16345 -1.47
Mustard seed 4470 4477 -0.16
Soybean 3010 3051 -1.34
Turmeric 7152 7242 -1.24
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
29 MM COTTON 20-10-2016 20470.00 670.00 3.38%
BARLEY 20-10-2016 1600.00 45.00 2.89%
REF SOYA OIL 20-10-2016 658.20 9.85 1.52%
SUGAR M GRADE 20-10-2016 3520.00 51.00 1.47%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
MAIZE -
FEED/INDUSTRIAL
GRADE
20-10-2016 1537.00 -101.00 -6.17%
GUAR GUM 20-10-2016 6250.00 -280.00 -4.29%
CORIANDER 20-10-2016 6982.00 -308.00 -4.22%

4. Commodities In News
4
ECONOMIC NEWS
 It is hailed as India's granary, but the northwestern state of Punjab faces
a drastic decline in agricultural output unless it halts the rapid depletion of
its groundwater, experts warn. Groundwater irrigates almost three-quarters
of Punjab's agricultural land, but groundwater levels are dropping by 40 to
50 cm (16 to 20 inches) a year, according to Rajan Aggarwal, head of the
soil and water engineering department at Punjab Agricultural University
(PAU). That has left farmers like Ajmir Singh struggling as their irrigation
wells dry up. "We are not able to find water even if we go down to 200 feet
(61 m) or more at some places," said Singh, who has farmed for 35 years in
Jalandhar, 150km (95 miles) north of Chandigarh, the state capital. His
neighbour, Pawanjeet Singh, said lack of irrigation water has forced him to
sell part of the land that has been in his family for generations to a large-
scale farmer who has the resources to drill for water at much deeper
levels. "I took this decision with a heavy heart after I realised that drawing
water for all my land is beyond my means," Singh said.
 It is hard to spot the soybean crop in Banshidar Shelke’s farm. Except
for some tiny patches of stunted plants with thin, brown pods, most of his
10-acre land at Morwad village in Beed district in central Maharashtra is
covered with grass, some as tall as six feet, thanks to the unusually heavy
rainfall in late September and October. Shelke did not expect such showers
when he sowed the seeds in June, nor did the other farmers in the region.
They could hardly be faulted, for Marathwada, in which Beed is one of
eight districts, is a semi-arid and droughtprone region. According to a study
by researchers from the Indian Institute of Tropical Meteorology (IITM)
and the Indian Institute of Science (IISc), between 1871 and 2015,
MarathwadaBSE 4.04 % saw 22 droughts, including five episodes of two
back-to-back years of drought, the latest being in 2014-15 and 2015-
16. After a rainfall deficit of over 40% in 2014 and 2015, the farmers were
very happy about forecasts of normal rainfall this year, and felt they could
finally turn a corner. “After we planted the crop, there was a dry spell for a
month and a half.
 Soybean futures edged marginally lower on NCDEX as speculators
trimmed their positions on rising arrivals from the major producing
belts. Further, increase in Indian output and global supplies also added
pressure on soyabean prices. The contract for October delivery was
trading at Rs 3042.00, down by 0.29% or Rs 9.00 from its previous
closing of Rs 3051.00. The open interest of the contract stood at 3550
lots. The contract for November delivery was trading at Rs 3098.00,
down by 0.48% or Rs 15.00 from its previous close of Rs 3113.00. The
open interest of the contract stood at 118740 lots on NCDEX.
 Jeera futures traded lower on NCDEX due to easing domestic as
well as export demand in the spot market. Besides, anticipation of good
crop in the next season also weighed on jeera futures. The contract for
October delivery was trading at Rs 16180.00, down by 1.01% or Rs
165.00 from its previous closing of Rs 16345.00. The open interest of
the contract stood at 318 lots. The contract for November delivery was
trading at Rs 16345.00, down by 1.51% or Rs 250.00 from its previous
close of Rs 16595.00. The open interest of the contract stood at 12708
lots on NCDEX.
 Turmeric futures declined on NCDEX on reports of crop damage
from major growing regions of Telangana and Andhra Pradesh due to
incessant rains. The contract for November delivery was trading at Rs
7214.00, down by 0.39% or Rs 28.00 from its previous closing of Rs
7242.00. The open interest of the contract stood at 10490 lots. The
contract for December delivery was trading at Rs 7090.00, down by
0.25% or Rs 18.00 from its previous close of Rs 7108.00. The open
interest of the contract stood at 6245 lots on NCDEX.
Coriander futures edged lower on NCDEX as speculators cut down
their bets on the back of weak demand in the spot market. Though,
prospects of lower sowing from major growing regions capped some
losses in coriander futures.

5. Technical Outlook
5
SELL CORIANDER NOV BELOW 7166 TARGET 7121 7021 SL
ABOVE 7231
SELL GUARGUM5 NOV BELOW 6410 TARGET 6360 6290 SL
ABOVE 6480
SELL TURMERIC NOV BELOW 7130 TARGET 7086 7026 SL
ABOVE 7190

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