Showing posts with label Agri Fututre Tips. Show all posts
Showing posts with label Agri Fututre Tips. Show all posts

Friday, 28 June 2019

CAPITALSTARS FRIDAY TURMERIC FUTURES AGRI MARKET NEWS UPDATE 28 JUNE 2019

Turmeric Futures Edged Lower To Close At 6,298 Rupees Per 100 Kg On Thursday Due To Fresh Sell By The Market Participants.


Prices have breached 6,300 levels for the second time this week due to good rains in South peninsula and higher deliveries at Exchange. For June, about 3400 tonnes of delivery allocation is done till 21st June against 10 tonnes delivery last year. Turmeric exports during the month of March, up 25.5% y/y to 13,140 tonnes (Vs 10,473 t), as per govt data. While, turmeric exports in 2018/19 is up by 19.2% compared to last year. Country exported about 1.33 lakh tonnes of turmeric in FY 18-19 compared to 1.11 lt last year. In 2018/19, production is forecast at 10.77 lt in the 3rd advance estimates by the government.

Turmeric futures expected to trade under pressure on higher stocks with traders and farmers. Moreover, good progress to monsoon rains in Turmeric growing areas may pressurize prices further as season progresses.

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CAPITALSTARS FRIDAY SOYBEAN FUTURES AGRI MARKET NEWS UPDATE 28 JUNE 2019

NCDEX Jul Soybean Edged Higher For The Fourth Consecutive Session On Thursday Due To Short Covering 

CAPITALSTARS INVESTMENT ADVISOR

CBOT Soybean closed lower on Thursday on reports of weak exports data and forecast of dry weather in coming weeks which will enhance sowing activities. USDA Export Sales report indicated just 168,175 MT of old crop soybeans sales during the week of June 20, below expectations. Chinese imports of soybeans were down 24% in May from the same month last year at 7.36 MMT, with 977,024 MT from US.

However, monsoon rains will be very crucial in next two weeks as sowing is slow. As per farm ministry, acreage under soybean was 53,000 ha so far, down about 57% from last year acreage of 1.24 lakh ha. Soybean arrivals for the Oct-May period pegged at 84.75 lt, up by 19.4% on year as per SPOA report. Until April, country crushed about 67.8 lt of soybean compared to 60.5 lt last year. In the 3rd advance estimates, government increased production forecast of soybean to 137.43 lt (Vs 109.33 last year). USDA in its monthly report forecast output at 109 lt in 2019/20, down 5% compared to last year

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Thursday, 27 June 2019

CAPITALSTARS THURSDAY TURMERIC FUTURES AGRI MARKET NEWS UPDATE 27 JUNE 2019

Turmeric futures edged lower to close at 6,376 rupees per 100 kg on Wednesday due to profit booking by the market participants.


Prices have improved after it slipped to 12-weeks low (6,230 levels) on Monday due to higher deliveries at Exchange. For June, about 3400 tonnes of delivery allocation is done till 21st June against 10 tonnes delivery last year. As per Commerce Ministry, turmeric exports during the month of March, up 25.5% y/y to 13,140 tonnes (Vs 10,473 t). While, turmeric exports in 2018/19 is up by 19.2% compared to last year. Country exported about 1.33 lakh tonnes of turmeric in FY 18-19 compared to 1.11 lt last year. In 2018/19, production is forecast at 10.77 lt in the 3rd advance estimates by the government. 

Turmeric futures expected to trade under pressure on higher stocks with traders and farmers. However, improving export demand and forecast of below normal rains in the turmeric growing areas of the country may support prices as season progresses
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Wednesday, 26 June 2019

CAPITALSTARS THURSDAY SOYBEAN FUTURES AGRI MARKET NEWS UPDATE 27 JUNE 2019

NCDEX Jul Soybean edged higher on Thursday due to short covering
CAPITALSTARS INVESTMENT ADVISOR

However, monsoon rains will be very crucial in next two weeks as sowing is slow. As per farm ministry, acreage under soybean was 53,000 ha so far, down about 57% from last year acreage of 1.24 lakh ha. Soybean arrivals for the Oct-May period pegged at 84.75 lt, up by 19.4% on year as per SPOA report. Until April, country crushed about 67.8 lt of soybean compared to 60.5 lt last year. In the 3 rd advance estimates, government increased production forecast of soybean to 137.43 lt (Vs 109.33 last year). USDA in its monthly report forecast output at 109 lt in 2019/20, down 5% compared to last year.

CBOT Soybean closed lower on Tuesday on forecast of dry weather in coming weeks which will enhance sowing activities. Money managers in soybean futures and options trimmed their net short position by 35,848 contracts as of 6/18 to -55,307 contracts according to COT data. Chinese imports of soybeans were down 24% in May from the same month last year at 7.36 MMT, with 977,024 MT from US.
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CAPITALSTARS WEDNESDAY TURMERIC FUTURES AGRI MARKET NEWS UPDATE 26 JUNE 2019

Turmeric futures closed higher for the second consecutive session on Tuesday due to short covering

 CAPITALSTARS INVESTMENT ADVISOR

It slipped to 12-weeks low on Monday due to higher deliveries at Exchange. For June, about 3400 tonnes of delivery allocation is done till 21st June against 10 tonnes delivery last year. As per Commerce Ministry, turmeric exports during the month of March, up 25.5% y/y to 13,140 tonnes (Vs 10,473 t). While, turmeric exports in 2018/19 is up by 19.2% compared to last year. Country exported about 1.33 lakh tonnes of turmeric in FY 18-19 compared to 1.11 lt last year. In 2018/19, production is forecast at 10.77 lt in the 3rd advance estimates by the government.

Turmeric futures expected to trade under pressure on higher stocks with traders and farmers. However, improving export demand and forecast of below normal rains in the turmeric growing areas of the country may support prices as season progresses
CLICK HERE FOR GET DETAILS & JOIN OUR BEST ADVISORY  -
CLICK HERE TO VISIT MY WEBSITE : HTTP://WWW.CAPITALSTARS.COM/FREE-TRIAL

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Tuesday, 25 June 2019

CAPITALSTARS WEDNESDAY SOYBEAN FUTURES AGRI MARKET NEWS UPDATE 26 JUNE 2019

NCDEX Jul Soybean edged higher on Tuesday due to technical bounce

 CAPITALSTARS INVESTMENT ADVISOR

CBOT Soybean closed lower on Tuesday on forecast of dry weather in coming weeks which will enhance sowing activities. Money managers in soybean futures and options trimmed their net short position by 35,848 contracts as of 6/18 to -55,307 contracts according to COT data. Chinese imports of soybeans were down 24% in May from the same month last year at 7.36 MMT, with 977,024 MT from US.

The prices have been under pressure due to expectation of higher planting and sufficient stocks in the physical market. Moreover, slow down in soymeal exports is also a worry. As per SEA, country export only export 40,000 tonnes of soy meal in May down 41.4% y/y. Moreover, for Apr-May period, India shipped out about 58,470 tonnes of soybean meal down 59% compared to last year. Soybean futures expected to trade sideways due to advancement of monsoon rains in Central India. Moreover increasing edible oil imports and declining meal exports may put extra pressure on Oilseeds as the sowing season progressing.

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Monday, 24 June 2019

CAPITALSTARS TUESDAY TURMERIC FUTURES AGRI MARKET NEWS UPDATE 25 JUNE 2019

In NCDEX Turmeric we see prices moved higher due to some short covering on Monday

 CAPITALSTARS INVESTMENT ADVISOR
Prices have been under pressure due to higher deliveries at Exchange. For June, about 3400 tonnes of delivery allocation is done till 21st June against 10 tonnes delivery last year. Moreover, start to new season planting and steady export demand is keeping prices under pressure. As per Commerce Ministry, turmeric exports during the month of March, up 25.5% y/y to 13,140 tonnes (Vs 10,473 t). While, turmeric exports in 2018/19 is up by 19.2% compared to last year. Country exported about 1.33 lakh tonnes of turmeric in FY 18-19 compared to 1.11 lt last year. In 2018/19, production is forecast at 10.77 lt in the 3rd advance estimates by the government.

Turmeric futures expected to trade under pressure on higher stocks with traders and farmers. However, improving export demand and forecast of below normal rains in the turmeric growing areas of the country may support prices as season progresses

CLICK HERE FOR GET DETAILS & JOIN OUR BEST ADVISORY  -
Click here to visit my website : http://www.capitalstars.com/free-trial
Free Trial link : https://bit.ly/2u2GUhK
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CAPITALSTARS TUESDAY SOYBEAN FUTURES AGRI MARKET NEWS UPDATE 25 JUNE 2019

NCDEX Jul Soybean closed lower on Monday on profit booking 

 CAPITALSTARS INVESTMENT ADVISOR

 The prices have been under pressure due to expectation of higher planting and sufficient stocks in the physical market. Moreover, slow down in soymeal exports is also a worry. As per SEA, country export only export 40,000 tonnes of soy meal in May down 41.4% y/y. Moreover, for Apr-May period, India shipped out about 58,470 tonnes of soybean meal down 59% compared to last year.

However, monsoon rains will be very crucial in next two weeks as sowing is slow. As per farm ministry, acreage under soybean was 53,000 ha so far, down about 57% from last year acreage of 1.24 lakh ha. Soybean arrivals for the Oct-May period pegged at 84.75 lt, up by 19.4% on year as per SPOA report. Until April, country crushed about 67.8 lt of soybean compared to 60.5 lt last year. In the 3rd advance estimates, government increased production forecast of soybean to 137.43 lt (Vs 109.33 last year). USDA in its monthly report forecast output at 109 lt in 2019/20, down 5% compared to last year.

CLICK HERE FOR GET DETAILS & JOIN OUR BEST ADVISORY  -
Click here to visit my website : http://www.capitalstars.com/free-trial
Free Trial link : https://bit.ly/2u2GUhK
CAPITALSTARS CALL US : 9977499927
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