Daily Agri Commodity Trading Market News By Epic Research Pvt. Ltd. - 24th July 2014

AGRI COMMODITY Weekly WRAP UP

CHANA FUTURE

Chana August futures traded on a mixed note on Thursday. Profit taking at higher levels and expectations of revival of the monsoon in the coming days capped kept prices under check. However, improved buying coupled with demand from the millers, declining arrival pressure and lower kharif pulses sowing till date supported prices .

SOYABEAN FUTURE

Soybean Oct futures traded on a positive note on Thursday on lower sowing, below normal rains till date as well as tight supply of soybean seeds. However, negative CBOT prices coupled with expectations of revival of the monsoon and weak soy meal exports pressurized prices at higher levels .

CORIANDER FUTURE

Coriander futures are seen trading higher due to concerns over delay in sowing during the rabi season. Sowing of kharif crops have already been delayed due to scanty rains in the top producing states of Gujarat and Rajasthan. The concerns over crop output in major producers Bulgaria and Romania due to unfavorable weather too supported the uptrend.

JEERA FUTURE

Jeera August futures traded on a positive note on demand from the domestic as well as overseas buyers coupled with declining arrival pressure. However, record output and huge carryover stocks capped sharp gains.

SUGAR FUTURE

Sugar August futures traded on a negative note on Thursday on weak physical market demand coupled with expectations of monsoon revival and comfortable supplies .

DHANIYA

BUY DHANIYA AUG ABOVE 11770 TGTS 11800,11850 SL 11720

SELL DHANIYA AUG BELOW 11710 TGTS 11680,11630 SL 11760

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