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1. DAILY AGRI COMMODITY REPORT 22 OCTOBER 2014
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2. Market Views
2
MONTH
OPEN
HIGH
LOW
CLOSE
% CHG
VOL
MONTH
OPEN
HIGH
LOW
CLOSE
% CHG
VOL
DHANIYA
NOV
11907
12118
11907
11951
+1.31
14050
INTRADAY LEVELS
SUPPORT
SUPP.1
11870
SUPP. 2
11789
PIVOT
11993
Dhaniya shortterm trend is down, further more downsideis expected in comimg days.
RESISTANCE
RES. 1
12074
RES. 2
12197
CASTORSEED
NOV
4503
4624
4489
4490
+2.98
132790
INTRADAY LEVELS
SUPPORT
SUPP. 1
4397
SUPP. 2
4304
PIVOT
4461
Castorseed short term trend is up,Prices expected to go up in coming days.
RESISTANCE
RES. 1
4554
RES. 2
4618
TURMERIC
NOV
6062
6160
6038
6066
-0.20
4035
INTRADAY LEVELS
SUPPORT
SUPP. 1
6000
SUPP. 2
5934
PIVOT
6050
Turmeric price is in up trend and may continue in coming days.
RESISTANCE
RES. 1
6116
RES. 2
6166
GUARGUM
NOV
15820
15960
15620
15800
-0.76
5252
INTRADAY LEVELS
SUPPORT
SUPP. 1
15620
SUPP. 2
15440
PIVOT
15730
Guargum Short term trend is downExpecting price may go downin coming days.
RESISTANCE
RES. 1
15910
RES. 2
16020

3. Most Active Contract
3
TOP GAINERS
SYMBOL
EXPIRY DATE
CURRENT PRICE
CHANGE
CHANGE %
CASTOR SEED NEW
20-11-2014
4624.00
134.00
2.98%
CORIANDER
20-11-2014
12108.00
157.00
1.31%
GUR
20-11-2014
967.50
7.50
0.78%
BARLEY
20-11-2014
1587.50
9.00
0.57%
TOP LOSERS
SYMBOL
EXPIRY DATE
CURRENT PRICE
CHANGE
CHANGE %
ZINCMINI
31-10-2014
135.60
-1.00
-0.74%
ZINC
31-10-2014
135.55
-1.00
-0.74%
NATURAL GAS
28-10-2014
225.60
-1.00
-0.44%
LEADMINI
31-10-2014
124.10
-1.05
-0.12%
LEAD
31-10-2014
124.20
-0.20
-0.16%
ZINCMINI
31-10-2014
124.10
-1.05
-0.74%
NCDEX INDICES
Index
Value
Pre. Close
% Change
CASTORSEED
4624
4490
+2.98
CHANA
2858
2870
-0.42
CORIANDER
12108
11951
+1.31
SUGAR
2781
2796
-.054
JEERA
10985
10990
-0.05
MUSTARD SEED
3656
3646
+0.27
SOYABEAN
3007
3001
+0.2
TURMERIC
6054
6066
-0.2

4. Commodities In News
4
ECONOMIC NEWS
Guarseed and guar gum prices rose to a record high duringprevious years. The rise was attributed to high demand from the US, which further lead to speculation in the domestic market.Production of guar depends heavily upon monsoon as the crop is grown mainly in rain-fed areas of Rajasthan.Not only sufficient, but also timely rainfall is required for better production. Such dependence on monsoon makes it difficult to forecast its production. During recent years, the industry has built a huge inventory of guarseed. Dependency upon inventory of seeds may inflate the price of end product but at the same time ensure continuous supply. The industry has to ensure a price which is profitable to them as well as affordable to end users. Prices of guarseed and guar gum are highly correlated with withdrawal of shale gas by the US. Such major dependence on a single industry has put forward challenges and threats which need proper addressing.Guar gum is mostly sold according to specification stipulated by the end user. It is very essential for the industry to match the quality standard especially for food grade of guar gum. According to an industry source, a little contamination in guar gum powder may lead to heavy consequences such as withdrawal of product .Price stabilisation is one of the major challenges for the industry. Price fluctuation has created uncertainty among guar gum users. Such uncertainty may compel users to look for alternatives. Though such phenomenon may not be considered good for the industry, it has resulted in attracting the attention of researcher and analysts. Over the years, the guar market has grown manifold.There has been a major shift in usage pattern of guar gum by various industries.
Refined Soya oil prices were higher by 0.82% to Rs 577.60 per 10 kg in futures trading today after speculators created positions amid pick up in domestic demand and tight supplies from producing belts.At the National Commodity and Derivatives Exchange, refined soya oil for delivery in November went up by Rs 4.70, or 0.82%, to Rs 577.60 per 10 kg with an open interest of 1,02,545 lots.On similar lines, the oil for delivery in December edged higher by Rs 2.80, or 0.49%, to Rs 575.25 per 10 kg in 78,210 lots.Analysts said apart from firming trend at spot market on pick up in demand in view of f estive season, restricted arrivals from producing regions helped refined soya oil prices to trade higher at futures trade.
Stockiestbuyingcontinuedincorianderfuturesduetodecliningstocksinlocalmandiescoupledwithstrongdemandbystockiestandexporters.TheNCDEXfuturesswelledby1.31percenttoday.Asperthemarketsources,thestockpositionofcorianderinthelocalmandieshavebeenreportedat38lakhbagsagainst62lakhbagsofthelastyearontheaccountofweakproductioninthecurrentseason. Thetotalproductioninthecurrentyearisestimatedlowerat100lakhbagsagainst120lakhbagsofthelastyear.Thepriceswerealsobeguidedbylimitedsuppliesinlocalmandiesasthedailysuppliesofcoriander.
Cardamom prices rose for the second straight day by adding 2.02% to Rs 859.70 per kg in futures trading today as speculators engaged in enlarging positions amid a firm trend at spot market on rising demand in the spot market.Further, limited arrivals from producing regions and exports enquiries fuelled the uptrend.At the Multi Commodity Exchange, cardamom for delivery in November shot up by Rs 17, or 2.02%, to Rs 859.70 per kg in a business turnover of 335 lots.

5. 5
FundamentalWatch : Cotton
COTTON ARRIVALS AT KEY SPOT MARKETNational & International Market Updates
CottonCorporationofIndia(CCI)hasnotstartedtheprocurementofcottonatAdilabadmarketyardonMonday,asscheduledfewdaysback. CCIofficialrefusedtoprocurecottonatMSPofRs.4050perquintal, duetopresenceofmoisturecontentbeyondthepermissiblelimitof12%.FarmershadprotestedforthesameastheywishtheirproducetobesoldatMSPwithouttheconsiderationofmoisture,whereasCCIsaiditwouldlowerRs.40fromtheMSPforeveryonepercentextramoistureintheproduce.AccordingtothelatestreportofUSDA,countriescouldfacefallintheexportofcottonanditsproductsincludingyarnandtextilesduetolackofpricecompetitivenessiftheysupportthepoliciesthatsupportpricesabovetheworldmarket.AccordingtolatestweeklyupdatebyInternationalCottonAdvisoryCommittee(ICAC),cottonproductioninIndiawouldstandaround6.56milliontonnnesinthecurrentseason(Oct’14-Sep’15)comparedto6.634milliontonnnesinthepreviousseason.
Chinaimportedaround122,900tonnesofcottoninSeptemberthisyear, 39%lowerwhencomparedtosamemonthlastyear,reportedChinaCottonAssociation(CCA).Duringtheinitialninemonthoftheyear, Chinaimported2milliontonnesofcotton,38%lowerwhencomparedtosameperiodlastyear.AccordingtothelatestreportreleasedbyUSDA,asonOctober19,2014,47%ofcottoncropinUSAisinexcellenttogoodcondition,whichwas47%lastweekand44%ayearago.86%bollsopenhasreportedincottonwhichwas77%lastweekand90%asfiveyearaverage.29%ofcottonharvestingreportedwhichwas22%aweekagoand31%asa5yearaverage.
CENTER
21-Oct-14
20-Oct-14
%Change
MEHSANA
6000
15000
-9000
BHIWANI
2500
4000
-1500
RAJKOT
1125
4415
-3290
FATEHABAD
1000
2000
-1000
BHATINDA
20400
25500
-5100
SIRSA
1700
2550
-850
SHRIGANGANAGAR
3400
NA
-

6. Technical Outlook
6
BUY DHANIYA NOV ABOVE 12120 TGTS 12150,12200 SL 12070
SELL GUARGUM NOV BELOW 15590 TGTS 15540,15460 SL 15665
BUY CASTORSEED NOV ABOVE 4625 TGTS 4655,4705 SL 4575
SELL TMC BELOW NOV 6030 TGTS 5980,5900 SL 6100

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