NCDEX MARKET TIPS | TODAY AGRI COMMODITY MARKET UPDATE 29 DEC 2016.

AGRI   COMMODITY MARKET OUTLOOK

Jeera futures traded higher for second consecutive session, tracking good demand in physical market. The demand for exports has supported Jeera prices even as good sowing progress is now weighing on prices.

Mentha oil prices slid as trimming of positions by participants due to fall in demand from consuming industries in spot market, mainly helped Mentha oil prices to trade lower at futures trade.

Production of soybean has been estimated at 10.6 mln tn, up from 7.2 mln tn a year ago. Soybean accounts for nearly 60% of kharif oil seed basket. Even though acreage under soybean was lower this year, output is likely to rise due to higher yields.

NCDEX Market update:-

JEERA

PP- 17480

R1- 17600                                              S1-17400

R2- 17680                                              S2-17280

TURMERIC

PP- 6792

R1- 6840                                                 S1-6740

R2- 6910                                                 S2-6680

CORIANDER

PP- 7395

R1- 7458                                                  S1-7294

R2- 7560                                                  S2-7230

SOYBEAN

PP- 3031

R1- 3045                                                 S1-3020

R2- 3056                                                 S2-3006

MUSTERED OIL

PP- 4300

R1- 4332                                                S1-4266

R2- 4356                                                S2-4226

GAUR SEED

PP- 3229

R1- 3260                                                 S1-3175

R2- 3290                                                 S2-3120