Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
16 nov2016 agri report.
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DHANIYA:-
Dhaniya prices are expected to trade in a range due to thin trading activities at spot market amid lack
of availability of smaller denomination notes. However, likely decline in acreage in the current rabi
season may limit fall in prices. As per market source, farmers in Rajasthan have shifted to other
commodities such as chana and garlic from dhaniya. Strong demand for the spice from stockists may
also weigh the price trend. Dhaniya trade ended the day at Rs. 7371 per quin which is approx 1.02%
down against its previous close. We recommend sell Dhaniya futures during today’s trading session.
SOYBEAN:-
Soybean futures closed lower due to higher arrivals of soybean in the physical market. It is expected
that demand amongst oil millers and crushing units is likely to recover at prevailing levels. The spot
prices have dropped below the MSP in some places in States of MP, Maharashtra and Gujarat. The
harvesting of soybean in full swing and supplies are strong in the physical market. Government has
started to procurement soybean from some states as prices are below MSP levels. Moreover,
expectation of record production and limited soymeal exports will pressurize prices. Soybean trade
ended the day at Rs. 2998 per quin which is approx 1.09% down against its previous close. We
recommend sell Soybean futures during today’s trading session.
NEWS HEADLINES
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CHART OF THE DAY
BUY MENTHA OIL NOV IN THE RANGE OF 975-980, WITH STOPLOSS OF 950 FOR
THE TARGETS OF 995 , 1010 .
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