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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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%.

MCX, NCDEX Tips for today-tomorrow

NCDEX Jeera tips Today:

NCDEX Jeera August price ended up by Rs. 100 per quintal at Rs. 15,465. Jeera spot prices zoomed by Rs. 500 per quintal to Rs. 13,000-14,000 per quintal in today's trading sessions. Technically, the August Jeera is likely to find resistance at Rs. 15,600, Rs. 15,700 and support is at Rs. 15,230, Rs. 15050 per quintal.

MCX Crude tips for today:

MCX Crude oil market traded up Rs 3 at Rs 700-701 per 10 kg, while in Mumbai it highed up Rs 5 at Rs 705 per 10 kg.

MCX Chana Tips:

In Mumbai, Australia chana new priced steady at Rs 4,951 per quintal. However, the commodity market offered a steady response at Rs 4,451 per quintal.

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