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09 Dec 2016 | 1:20 PM
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Commodity Research Report: Agri Fundamental Report

Strength in crude oil markets generated a positive tone amongst most Agri markets on Thursday
27 Nov 2015 | 09:42 AM

· Strength in crude oil markets generated a positive tone amongst most Agri markets on Thursday.  Against price levels, which have turned significantly in last few sessions stimulated fresh buying activity in the retail markets  thereby helping a  recovery in the entire agri market. Except Mentha, buying intentions improved in almost all other counters traded at the exchanges. 

  • Soya complex traded with a firm note amid strength in crude oil and overnight gains in CBOT soybean and soya oil. Talks of Malaysian palm oil having bottomed out during August 2014 imbued positive tone in CPO. Mustard seed was firm amid positive tone in soybean in addition to news of mustard production to be significantly lower versus last year.
  • Undertone remained positive in Agri Basket all in all. CBOT shall remain closed on November 26th and 27th therefore traders expect moderate price volatility in the globally linked agri commodities till Friday.  Kapas  traded sharply higher and with rising volume indicating further price appreciation in the futures contracts in coming sessions.
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