Money Maker Research Agri Report 17 Feb 2016

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Money Maker Research Pvt. Ltd.
Daily Agri Newsletter 17 FEBRUARY 2016
www.moneymakerfinancial.com An ISO 9001-2008
Company
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H E A D L I N E S
In NCDEX, Soybean March futures, yesterday
opened on a positive note and traded moderately
down for most part of the day. The prices closed
down on prevailing weak sentiments in the
domestic market. The demand among crushing
units and millers is lower on declining
crush margins. For today we expect the
prices to trade moderately down as lower
crush margin along with less demand from
oil millers may weigh down on prices. RM Seed
April futures at NCDEX platform yesterday opened
on a positive note and traded down side
for most part of the day. The prices
closed down due to lower demand by crush
industries and fresh arrivals of mustard
seed with higher oil content. It pressurizing
prices down side. For today, we future down of
RM Seed may trade on a lower note. The
prices of mustard oil have declined from its
peak since last year. Sell on high is recommended
for the todays trading session. During
yesterdays trading session NCDEX Chana
April opened positive and traded upside
during most part of the session. However at
the end of the day it closed marginally
positive. NCDEX Chana April futures ended
the day at Rs. 4370 per quintal which is 1.35
up against the previous day. Buy on dips is
recommended for the todays trading session.
j
Soybean prices unable to sustain at higher levels
on weak demand
RM seed prices declined from higher levels on
fresh arrivals
Chana prices gain on lower production estimate
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