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25 May 2016 | 10:39 AM

Commodity Research Reports

Daily | 25 May 2016 | 09:31 AM
Highlights: • Skymet has forecast the Monsoon at 109% (error margin of /-4%) of the long period average (LPA) of 887 mm for the four-month period from June to September. This was up from the 106% predicted a few days back. • Good amounts of rainfall are expected in Central India and along the West coast. There may be excess rainfall in some pockets of Maharashtra and Madhya Pradesh. Being the major areas for kharif crops, it can have beneficial impact on the crop sowing from next month onwards - keeping pressure on the prices. • Short term trend looks weak but very volatile for the Agri markets and the latest update on arrival of Monsoon expected this week from the IMD would be eagerly awaited.
Daily | 25 May 2016 | 09:30 AM
Highlights: • Skymet has forecast the Monsoon at 109% (error margin of /-4%) of the long period average (LPA) of 887 mm for the four-month period from June to September. This was up from the 106% predicted a few days back. • Good amounts of rainfall are expected in Central India and along the West coast. There may be excess rainfall in some pockets of Maharashtra and Madhya Pradesh. Being the major areas for kharif crops, it can have beneficial impact on the crop sowing from next month onwards - keeping pressure on the prices. • Short term trend looks weak but very volatile for the Agri markets and the latest update on arrival of Monsoon expected this week from the IMD would be eagerly awaited.
Daily | 25 May 2016 | 09:00 AM
• Gold hits 6-week low as U.S. rate hike outlook weighs. • Oil rises on U.S. crude drawdown hopes, U.S. equity rally. • Copper up on short covering but higher dollar limits rise.
Daily | 24 May 2016 | 09:16 AM
Highlights: • Uncertainty over Monsoon arrival kept trend volatile for the Agri counters as markets failed to take any clear direction. Sentiments remained slight weak however on possibilities of better monsoon this year. However with 1st June being the normal day for its arrival, it remains to be seen when it actually strikes. Any delay in Monsoon arrival could support falling prices to some extent. On the other hand, its timely arrival would create a further bearish impact on the prices. • Moderate corrections noted for Spices as Chana too kept falling from these high levels. The coming days trend would be dependent a lot on the weather factor.
Daily | 24 May 2016 | 09:15 AM
Highlights: • Uncertainty over Monsoon arrival kept trend volatile for the Agri counters as markets failed to take any clear direction. Sentiments remained slight weak however on possibilities of better monsoon this year. However with 1st June being the normal day for its arrival, it remains to be seen when it actually strikes. Any delay in Monsoon arrival could support falling prices to some extent. On the other hand, its timely arrival would create a further bearish impact on the prices. • Moderate corrections noted for Spices as Chana too kept falling from these high levels. The coming days trend would be dependent a lot on the weather factor.
Daily | 24 May 2016 | 09:00 AM
• Gold touched 3-1/2 week low on Fed rate expectations. • Oil slid on Iran supply, U.S. rigs; Cushing draw cut losses. • Copper slipped as U.S. rate hike come into view.
Weekly | 23 May 2016 | 05:57 PM
Gold prices edged down more than a percent at MCX to end the week near a three-week low as markets factored in the possibility of another interest rate hike by the Federal Reserve as early as June. Minutes of the Fed's April 26-27 policy meeting revealed that the central bank is likely to raise rates next month if economic data points to stronger second-quarter growth as well as firming inflation and employment. In addition, New York Federal Reserve President William Dudley said that the U.S. economy could be strong enough to warrant a rate hike in June or July. At the G-7 Summit in Sendai, Japan, a host of prominent finance ministers reiterated the importance of abstaining from currency manipulation, amid widespread concern that Japan could engage in possible actions to devalue the yen in an effort to bolster imports.
Daily | 23 May 2016 | 09:04 AM
Highlights: • Agri markets showed low volatility as short covering took place ahead of the weekend holidays. Prices had fallen a lot during the week and the coming week assumes significant importance based on any strong report on the Monsoon front. • All eyes will be on the arrival date of the Monsoon on the Kerala coast. Arrival on or before 1st June will create a bearish trend, while a delay may support prices in the short term. • A higher than normal Monsoon expectation had already been creating a selling pressure in most commodities.
Daily | 23 May 2016 | 09:03 AM
Highlights: • Agri markets showed low volatility as short covering took place ahead of the weekend holidays. Prices had fallen a lot during the week and the coming week assumes significant importance based on any strong report on the Monsoon front. • All eyes will be on the arrival date of the Monsoon on the Kerala coast. Arrival on or before 1st June will create a bearish trend, while a delay may support prices in the short term. • A higher than normal Monsoon expectation had already been creating a selling pressure in most commodities.
Daily | 23 May 2016 | 09:00 AM
• Gold traded lackluster, posted biggest weekly drop in two months. • Oil eased as focus returned to oversupply, strong dollar added pressure. • Aluminium retreated from week high, copper dipped on resurgent dollar.
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