This daily commodity report provides information on price movements and trading levels for commodities such as turmeric, coriander, guar gum, and castor seed. It also includes the most actively traded contracts, top gainers and losers for the day, and fundamental news and technical analysis for some commodities. Turmeric and coriander prices were relatively flat, while guar gum prices declined. The report provides support and resistance levels for intraday trading.

1. DAILY AGRI COMMODITY REPORT
18 November 2015
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
DEC 9906 10088 9820 9908 -0.14 26255
INTRADAY
LEVELS
SUPPORT SUPP. 1
9789
SUPP. 2
9671
PIVOT
9939
Turmeric short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
10057
RES. 2
10207
CORIANDER
DEC 10069 10378 10069 10243 +0.14 5840
INTRADAY
LEVELS
SUPPORT SUPP.1
10082
SUPP. 2
9921
PIVOT
10230
Coriander short term
trend is bullish and May
continue in coming
days.RESISTAN
CE
RES. 1
10391
RES. 2
10539
GUARGUM
DEC 7680 7680 7410 7420 -3.01 9397
INTRADAY
LEVELS
SUPPORT SUPP. 1
7327
SUPP. 2
7233
PIVOT
7503
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
7597
RES. 2
7773
CASTORSEED
DEC 4327 4347 4282 4285 -1.04 61810
INTRADAY
LEVELS
SUPPORT SUPP. 1
4262
SUPP. 2
4240
PIVOT
4305
Castorseed short term
trend is bearish and
May continue in
coming day.RESISTAN
CE
RES. 1
4327
RES. 2
4370

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4233 4262 -0.68
CHANA 5391 5247 +2.74
CORIANDER 9780 9658 +1.26
GUARGUM 7530 7440 -1.21
JEERA 15450 15250 +1.31
MUSTARD
SEED
4724 4760 -0.76
SOYABEAN 3805 3816 -0.29
TURMERIC 9680 9694 -0.14
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
BARLEY 20-11-2015 1520.00 -13.50 -0.88%
RAPESEED-MUSTARD
SEED
20-11-2015 4724.00 -41.00 -0.86%
CASTOR SEED NEW 20-11-2015 4233.00 -12.00 -0.28%
SOYABEAN 20-11-2015 3805.00 -6.00 -0.16%
REFINED SOY OIL 20-11-2015 598.00 -0.60 -0.10%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
CHANA 20-11-2015 5391.00 144.00 2.74%
JEERA 20-11-2015 15450.00 250.00 1.64%
CORIANDER 20-11-2015 9780.00 122.00 1.26%
TURMERIC 20-11-2015 9680.00 30.00 0.31%

4. Commodities In News
4
ECONOMIC NEWS
A Left-backed farmers' body criticised Centre for easing FDI in 15 key
sectors, including agriculture and plantations, and threatened to launch a
nationwide protest if the NDA Government persisted with the "retrograde"
reforms.The All India Kisan Sabha claimed that the move will bring more
"miseries" to peasantry while benefiting middlemen."AIKS strongly
demands Centre to ensure foreign investors are kept out of agriculture,
animal husbandry and plantation sectors. Otherwise, the AIKS, along with
likeminded organizations, will build countrywide massive resistance
movement to save peasantry and rural working class," the farmers' wing of
CPI(M) AIKS General Sand president Amra Ram said in a joint
statement.The duo noted that "this is a retrograde step that will bring more
miseries to working class and peasantry, while benefiting only certain
affluent sections that will play the role of middlemen. This will intensify
exploitation of peasantry already facing severe distress under neo-liberal
reforms."Mollah and Ram also countered government's claims that the
decision will help liberalise and simplify FDI policy to provide ease of
doing business resulting in growth in investment and employment.To prove
their point, the body cited example of reported economic, political and
environmental dangers faced by Zimbabwe, Kenya, Namibia, South Africa,
Guatemala, Argentina and Brazil, which had taken similar
decisions."Unregulated flow of foreign capital will spell doom to the
peasantry and agricultural workers and keep the domestic economy in
doldrums," they said.The two further slammed the government for taking
the decision "which will have far reaching consequences" without holding
discussion by the cabinet, and underlined "Modi regime's authoritarian
means of administration".Pushing ahead with major reforms, the
government on November 10 relaxed foreign investment rules in 15 sectors
such as civil aviation, banking, defence, retail and news broadcasting and
eased the process for approval of foreign direct investment (FDI).While
100 per cent FDI has been allowed in DTH, cable network and plantation
crop, overseas investment limit in uplinking of news and current affairs TV
channels has been raised to 49 per cent from 26 per cent.
Ref Soya oil settled up prices recovered on short covering after seen
pressure earlier as weakness as lack of strong demand in domestic
markets weighed. USDA raised the US soybean yield estimate by 1.1
bushel/acre to 48.3 bu./acre, lifting the size of the U.S. soybean crop by
93 million bushels to a record 3.981 billion bushels. The estimate on
ending stocks jumped to 465 million bushels, up 40 million bushels
from USDA’s October estimate.All in all, we perceive a more
comfortable supply situation than before, after a significant hike in in
the ending stocks forecast. Poor crushing of soybean has led to fall in
overall export of oilmeals by 40 per cent during the April-October 2015
period. As per data released by the Solvent Extractors' Association of
India (SEA), oilmeal exports during the period fell to 763,113 tonnes
from 1.26 million tonnes for the corresponding period last year.
Oilmeals are ground oil cake after oil is pressed out of raw materials
like rapeseed, cottonseed or soybean.
Mustard Seed settled up due to on weak export demand and
weakness in other oilseed counters. USDA reported global rapeseed
production forecast to decline 3.5 million tons in 2015/16 as a slight
decrease in area reduces total output to 68.1 million tons. In domestic
market prices of rm seed were also supported by higher Minimum
Support Price (MSP). The support price for rapeseed-mustard seed has
been fixed at Rs 3,350 a quintal, hike of Rs 250 per quintal. The
production of mustard may increase by 1.5 to two million tonnes.
Guarseed futures have scaled new low on the account of fresh
supplies of new crop in local mandies coupled with limited demand of
gum in international market. Traders stated that fresh supplies of
guarseed of 1.5-2 lakh bags have been reported in local mandies.
Moreover, weaknesses in crude oil prices at international market have
also reduced the demand of guargum in local mandies. The NCDEX
December futures declined by 2.50 percent to close at new contract low
of Rs 3604 per quintal. The NCDEX futures added 0.19 percent in
open interest indicating fresh selling by traders.

5. 5
Fundamental Watch : Sugar
SUGAR PRICES AT KEY SPOT MARKETNational Market Update
India exported 59.3thousand tons of sugar in the week ending on 08th
November, 2015 which was 33% higher than the sugar exported the previous
week.
ICRA expected Indian sugar production to decline somewhat around 26.8
MT this marketing year in 2015-16 (01st Oct, 2015 – 30th Sep, 2016).
Broking firm FCStone predicted global sugar supply deficit of 5.6 MT in
2015-16 on the back of lower sugar output from Europe and India.
Brazil’s C.S region had crushed around 38.38 MT of sugarcane in the second
half of October, 2015 thereby yielding 2.17 MT of sugar during the period.
Thus, cumulative sugar output for MY 2015-16 (01st April, 2015 – 31st
October, 2015) stands at 27.50 MT till date.
According to Safras, sugar crush in Brazil’s main centre south region is
expected to decline further (33 MT) in the second half of October, 2015
compared to 36.13 MT of sugar crushed in the first half of the month.
A higher humid climate in Brazil, caused sugar recovery rate to decline this
year in 2015 -16 (01st Apr, 2015 – 30th Sep, 2015).
Agroconsult predicted Brazil’s C.S region to produce 615-630 MT of
sugarcane in 2016-17 which could probably generate 32.9-33.7 MT of sugar
there on.
Rising domestic demand could force Indonesia to increase its raw sugar
import to approximately 3.25 MT in 2016 compared to 3.1 MT in 2015.
CENTER 16-Nov-15 14-Nov-15 Change
DELHI 2790 2790 UNCH
MUMBAI 2850 2842 +8
VIJAYWADA 2960 2960 UNCH
NAGPUR 2850 2850 UNCH
CHENNAI 2750 2700 +50
AMBIKAPUR 2835 2835 UNCH
DHAMPUR 2735 2735 UNCH

6. Technical Outlook
6
BUY CORIANDER DEC ABOVE 10285 TARGET 10325 10405 SL
BELOW 10235
SELL GUARGUM DEC BELOW 7400 TARGET 7350 7280 SL
ABOVE 7460
BUY TURMERIC DEC ABOVE 9948 TARGET 9992 10052 SL
BELOW 9888
SELL CASTORSEED DEC BELOW 4285 TARGET 4260 4230 SL
ABOVE 4310

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