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07 Dec 2016 | 11:52 PM
Research Report
Daily

Commodity Research Report: Agri Fundamental Report

Positive tone in US dollar and steady selling intentions in crude oil derivative market kept sentiments weak in Agri markets on the whole.
26 Nov 2015 | 09:45 AM

· Positive tone in US dollar and steady selling intentions in crude oil derivative market kept sentiments weak in Agri markets on the whole.

  • Previous day’s report of stock limits to be imposed in Rajasthan once again put pressure on oilseed futures market. Estimates of a higher Brazilian crop over last year were an additional negative price driver for soybean commodity.
  • Soya oil and CPO continued trading with a downward amid unchanged fundamentals. Castor futures ended at lower circuit for second consecutive session amid fears of supplies to improve in near future because of stock limits imposed in oilseeds in the state of Rajasthan.
  • Profit taking increased in Jeera in response to weakening tone in the Agri commodities and this forced the futures contracts to give back morning gains by close. Turmeric markets ended at lower circuit amid weakening tone in major spices, in addition to expectations of recent rainfall in the growing areas to benefit the standing crop.
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