NCDEX AGRI TIPS FOR TODAY

Agri Commodity Tips

July month has given the worse of monsoon effect NCDEX moves have increased the margins on soybeans and mustard. Cash margins on Commodity Exchange has increased from 5%, and for Mustard 5% cash margins have been increased from 16 per cent.

These Cash margins on soybean and mustard will be effective from Wednesday. Due to weak monsoon, oilseed prices are expected to grow. 

NCDEX Jeera prices was seen rising in domestic market, with high demand. The spot price for ncdex Jeera was quoted at Rs.14500 Per 100kg. Turmeric Futures also rises high and is expected to rise further due to delayed rains. The spot price have been set at Rs.5500 per 100 kg.

The NCDEX cardomom Prices are expected to maintain the current level. MCX Crude oil july contract has gone up by +52 Rs. Whereas the intraday crude oil has touched a low of 4822 levels. 

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Due to slow progress of monsoons this year, the Indian turmeric futures high on Monday. India is the biggest producer and exporter of the yellow spice and is expected to 30% this season. Today at 8:41 am, the August contract rose up by 2.99% to Rs.5,450 per 100kg after hitting a contract high of Rs.5,478.

Jeera or cumin seed, hit a contract high of Rs.16,247.5. The August Jeera contract was up by 1.23% to Rs.16,035 per 100 kg. Jeera is planted during winter season, its planting is done during october and the monsoon's help in keeping the soil moist. At Unjha, a market in Gujarat, the Jeera prices rose to Rs.15,508 per 100kg.

The trading in pepper futures was weak as traders cashed out gains at higher levels. The August contract fell by 0.59% to Rs.43,050 per 100kg. It has risen more than 4% this month. According to analysts, their are less chances of prices falling beyond Rs.42,500, whereas there are chances that it may touch Rs.44,000 in short term.

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Agri Futures Today's Report- 13 July 2012

99% accurate tips on Agri Commodity

There is a strong demand for Pepper Futures and hence is expected to trade higher in the near term. The trading range for MCX Pepper for today is 42525-43415. A support of 42770 and a resistance of 43415 is recommended for today.

MCX Cardomom futures declined on wednesday due to poor domestic demand. The new crops are expected to hit market by next month August !!! In case of MCX Jeera Futures, they are expected to trade up.

The MCX Jeera demand has also increased due to social unrest in Syria, competing exporter. According to analysts, rains and thundershowers are likely to hit many places of Gujarat. The MCX Jeera range for the day is 14890-16274. According to analysts, a support of 15351 and a resistance of 16274 will do good.

The Turmeric Futures are trading bullish, due to delayed rains. Due to lack of rains i n many places of Andhra Pradesh, Turmeric trading is down. Chili Futures Report seems like they are trading good. There is a firm demand of Chili, and due to delayed rains their are chances of hike in prices. Coriander Futures may rise due to daily arrivals for the season. 

The Mentha oil trading range is recommended between 1205.7-1295.5. The recommendations from analysts is for a support of 1234.1 and a resistance of 1279. In Intraday trading session, Mentha Oil is expected to trade higher due to hish domestic demand in market.

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Agri Tips for Today, 12 July 2012

MCX Agri Commodity Outlook

MCX cardomom price went high with 16.4 points and is now trading at 1180 points. It declined on wednesday due to poor domestic demand. In MCX Cardamom (Aug) traded in the evening session at Rs.1334 per Kg, a decline of 2.70% and open interest of the contract stood at 1964 lots.

NCDEX Jeera( April) prices hit lower limit in today's trading session and continues down trend. It is trading in the range of 12252.50-12700 per quintal in today's trading session till now.

NCDEX Wheat gained on Wednesday afternoon due to large domestic demand after India allowed 2 million tons of wheat exports. Wheat in NCDEX August contract traded at Rs.1260 per quintal, higher by 1.12% so far and open interest of the contract stood at 1770 lots.

MCX Mentha oil futures gained on Wednesday by the traders due to rising spot demand. It is expecting an upward movement because of the high arriving demands. Mentha oil(Aug) contract traded in the afternoon session at Rs.1238.90 per Kg, higher by 0.97% and open interest of the contract stood at 1685 lots for the time being.

NCDEX Coriander futures continued upward trend as traders booked profits on the back of subdued domestic demand. Coriander in NCDEX August contract traded at Rs.4054 per quintal. It showed a decline by 1.07%.