18 Jan 2019 | 11:57 AM
Research Report
Daily

Commodity Research Report: Agri Fundamental and Technical report

Highlights: The 2019 trading session commenced on a positive note for most of the Agri commodities. Profit taking was observed later as most mandis and international trading centres were closed. Lack of cues due to closure of mandis kept sentiments slightly in eased in spices. Mentha oil and soybean posted decent jump amid regular queries for fresh purchases. Edible oils and cotton complex traded range bound due to closure of global markets. Analysts and industry persons expect crude oil to find support at current levels while Rupee is unlikely to appreciate much against the US dollar this week. Most traders expect fresh demand to emerge in next few days when mandis open after the New Year holidays. So Agri markets may trade with a positive bias this week.
02 Jan 2019 | 09:14 AM

Highlights:

  • The 2019 trading session commenced on a positive note for most of the Agri commodities.  Profit taking was observed later as most mandis and international trading centres were closed.
  • Lack of cues due to closure of mandis kept sentiments slightly in eased in spices. Mentha oil and soybean posted decent jump amid regular queries for fresh purchases. Edible oils and cotton complex traded range bound due to closure of global markets.  
  • Analysts and industry persons expect crude oil to find support at current levels while Rupee is unlikely to appreciate much  against the US dollar this week. Most traders expect fresh demand to emerge in next few days when mandis open after the New Year holidays. So Agri markets may trade with a positive bias this week.