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 NCDEX DAILY LEVELS

DALLY

EXPIRY

R4

R3

R2

R1

PP

S1

S2

S3

S4

SYOREFIDR

19-12-2014

593

591

589

587

585

583

581

579

577

SYBEANIDR

19-12-2014

3370

3355

3340

3325

3310

3290

3275

3255

RMSEED

19-12-2014

3925

3910

3890

3875

3860

3845

3830

3815

JEERAUNJHA

19-12-2014

12700

12600 12500

12400

12300 12100 12000 11900 -

DHANIYA

19-12-2014

13100

13000 12900

12800

12700 12600 12500 12400 -

CASTORSEED

19-12-2014

4920

4905

4890

4875

4860

4845

4830

4815

NCDEX WEEKLY LEVELS

WEEKLY

EXPIRY

R4

R3

R2

R1

PP

S1

S2

S3

S4

SYOREFIDR

19-12-2014

602

598

594

589

586

582

579

576

573

SYBEANIDR

19-12-2014

3440

3410

3380

3360

3330

3290

3260

3230

3200

RMSEED

19-12-2014

3990

3960

3930

3900

3880

3850

3820

3790

3760

JEERAUNJHA

19-12-2014

13300

13000 12700

12400

12000 11600 11200 10800 10400

DHANIYA

19-12-2014

13900

13500 13100

12800

12400 12000 11800 11400 11000

CASTORSEED

19-12-2014

5020

4990

4930

4900

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4960

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4870

4840

4810

4780

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 MCX DAILY LEVELS

DALLY

EXPIRY

R4

R3

R2

R1

PP

S1

S2

S3

S4

ALUMINIUM

28-11-2014 129

128

127

126

125

124

123

122

121

COPPER

28-11-2014 419

417

415

413

411

409

407

405

402

CRUDE OIL

19-11-2014 4700

4685

4670

4645

4630

4615

4600

4580

4560

GOLD

05-12-2014 26400

26300

26200

26100

26000

25900

25800

25700

25600

LEAD

28-11-2014 128

127

126

125

124

123

122

121

120

NATURAL GAS 24-11-2014 257

255

253

251

249

247

245

243

241

NICKEL

970

950

930

910

890

870

850

830

28-11-2014 990

MCX WEEKLY LEVELS

WEEKLY

EXPIRY

R4

R3

R2

R1

PP

S1

S2

S3

S4

ALUMINIUM

28-11-2014 135

133

131

129

127

125

123

121

119

COPPER

28-11-2014 425

421

417

413

410

406

402

398

394

CRUDE OIL

19-11-2014 4800

4760

4720

4680

4640

4600

4560

4520

4480

GOLD

05-12-2014 27000

26700

26400

26100

25900

25500

25200

24900 24600

LEAD

28-11-2014 134

132

130

128

126

124

122

119

117

NATURAL GAS

24-11-2014 265

262

259

256

253

249

246

243

239

NICKEL

28-11-2014 1050

1010

980

940

900

870

840

800

770

SILVER

05-12-2014 35700

35300

34900

34600

34300

33900

33600

33300 32900

ZINC

28-11-2014 146

144

142

140

138

136

133

131

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129

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 MCX - WEEKLY NEWS LETTERS

INTERNATIONAL NEWS
The Indian Rupee depreciated around 0.4 percent in yesterdays trading session. The currency
depreciated on the back of state run banks and Reserve Bank of India (RBI) buying dollars.
Further, weak market sentiments exerted downside pressure on the currency. The US Dollar
Index (DX) traded lower by 0.2 percent yesterday on the back of unfavorable jobless claims
and jobs opening data from the country. Further, upbeat market sentiments continued with
downside movement in the DX. The currency touched an intra-day low of 87.70 and closed at
87.75 on Thursday. Asian markets are trading on a negative note today on account of
expectations that Japans Prime Minister Shinzo Abe will call for early elections. Chinas
Industrial Production fell to 7.7 percent in October as against a rise of 8 percent in September.
Fixed Asset Investment plunged to 15.9 percent in October from 16.1 percent a month ago.
Retail Sales dropped marginally to 11.5 percent in last month with respect to 11.6 percent in
September.
1.
2.
3.
4.
5.

US Unemployment Claims gained to 290,000 for w/e on 8th Nov14.

LME Copper stocks declined by 0.5 percent on Wednesday.
Chinas Industrial Production fell to 7.7 percent in the last month.
New jobless claims in the US remaining near a 14-year low level.
German Final CPI was at negative 0.3 percent in the month of Oct14

PRECIOUS METALS
Silver prices declined by 0.2 percent on Thursday on line with falling base metal prices.
Weakness in the dollar index however cushioned sharp downside.
On the MCX, silver prices gained marginally by 0.03 percent and closed at Rs.34707/kg.
Gold prices gained marginally by 0.1 percent on Thursday, although falling crude oil prices and
improving jobs data leading to the decreased bullions safe haven appeal as a hedge. Continued
outflows from the ETFs further exacerbated the fall in gold prices. Higher U.S. quits rate and
new jobless claims remaining near a 14-year low suggest the U.S. job market is moving toward
full health, undermining gold's appeal as a hedge against economic uncertainty. On the MCX,
gold prices gained by 0.13 percent and closed at Rs.25822/10 gms.

BASE METAL
Base metals pack on the LME traded on a negative note in yesterdays trade after disappointing
economic data from the US and China. Further, weakness in the DX along with decline in LME

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stocks could not restrict sharp downside. In the Indian markets, base metals traded lower in line
with weakness in the international markets. LME copper prices plunged 1.1 percent yesterday
as weak economic data from China suggested continued slack in the world's second largest
economy, which looks on track to meet the government's annual 7.5 percent growth target.
Also, weak jobs data from the US acted as a negative factor. However, decline in LME stocks
by 1.1 percent coupled with weakness in the DX cushioned sharp downside in prices. Copper
prices closed at $6607/tonne in yesterdays trading session. On the MCX, red metal prices
slipped 1 percent and closed at Rs.407.1/kg on Thursday.

ENERGY
Crude oil prices declined on both sides of the Atlantic with Brent and WTI crude falling by 3.3
percent and 3.8 percent respectively. Brent crude prices traded at a four year lows in yesterdays
session as stockpile surge at Oklahoma for U.S. crude frayed nerves of traders already worried
about an oil glut. Prices were dragged further from comments by Saudi Arabia's oil minister
that showed little will by the kingdom to cut output when the Organization of the Petroleum
Exporting Countries meets on Nov. 27. On the MCX, crude oil prices declined by 2.4 percent
and closed at Rs.4641/bbl.
Natural gas futures fell 4.21 percent on Thursday, the biggest daily decline since February, on
forecasts for moderating weather later in November after a cold blast blows through the
Midwest and Northeast over the next week or so. On the MCX, gas prices declined by 3.28
percent in tandem with decline in international markets.
LME Inventory
Last updated at Nov 14 02:30 pm IST

Metal

Change from previous day

Aluminium

-9700

Copper

-550

Lead

400

Nickel

234

Tin

160

Zinc

-2050

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 NCDEX - WEEKLY NEWS LETTERS

JEERA
Jeera futures closed lower due to selling pressure as supplies in the spot market stood higher.
As per market source, temperature which is reportedly higher than crop requirement has slowed
down the sowing process in producing states. Also, acreage is anticipated to be 30-35 percent
lower as farmers are opting for other more lucrative crops like coriander. As well, the sustained
export demand amid a supply crunch in the global market may limit sharp fall in prices.
According to the report from Spices Board of India,the country is estimated to export 100000
tonnes worth Rs.1300 crores for the financial year April 2014 to March 2015. On Thursday,
jeera arrivals in Unjha were around 12000 bags (1bag=55kg).

SOYABEAN
Indian oil seed complex prices closed mixed yesterday with Soy oil moving lower on overseas
weakness. Soybean prices rose yesterday on sharp gains in overseas Soy meal prices. Rupee
closed higher.Traders estimate this years crop between 9 10 million MT. USDA estimates
Indian Soybean crop at 11.0 million MT. According to 1st Advance estimates for 2014-15
released by GoI, Indias output for Soybean is estimated at 11.82 million MT. Soy meal
exports from India rose to 29,071 MT in October from 868 MT in September. India's oil meal
exports in October 2014 were 218K MT vs. 375K MT in previous month. According to SEA,
India's vegetable oil imports in September were 1.01 million MT from 1.32 million MT in
August.
CBOT Soy complex prices ended lower yesterday with Soy oil prices moving lowest. Ideas of
technical and producer selling in beans took prices lower. Lower Crude oil was a negative force
for Soy oil prices. Brazil's government crop supply agency Conab forecast a 2014/15 Soybean
crop of between 89.3 million MT and 91.7 million MT on Tuesday, narrowing the range from
88.8-92.4 million MT seen a month earlier. As of 9 November, US Soybeans were 90%
harvested vs. 83% a year ago. According to CFTC CoT report, for the week ending 4
November, non commercial traders reduced their net short positions in CBOT Soybeans.

REFI. SOYA
Refined soy oil Dec futures traded on a negative note almost 0.93% lower due to sufficient
supplies in the country and negative report released by US Agri. Deptt.
There is news that Indias food ministry want to double the import tax on Crude edible oils and
raise that on refined by 50%, but waiting for approval and views of other ministers.
However US Department of Agriculture raised its estimate of the record harvest of Soy and
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sufficient supplies in the country will act as a negative factor for the prices.
According to NOPA, Soy oil stocks in August declined to 936.880 mn lbs from 1.214 bn lbs in
August. (Source: Reuters)
India meet 50-55 percent of its edible consumption through imports and thus rupee factor is a
major determinant of edible oil prices.
As per the data released by the Solvent Extractors' Association of India Imports of vegetable
oils, including non-edible oils in August increased 21% y-o-y to 1.05 mn tn.
Crude Soy oil imports in Sept 14 increased 14.22% to 161,016 tn compared to 140,971 tn last
year. Stockpiles of edible oil at ports on Oct 1 stood at 715,000 tn, the trade body said, lower
than 860,000 tn on Sept 1

CHANA
NCDEX Chana Dec. futures traded on a negative note due to profit taking on higher levels after
making a new contract high of 3287 level preceding day. Demand of chana in physical market
is good and also slow showing of Chana is supportive for the prices. Liquidation in physical
market put pressure on the prices. For fy.2014-15 CCEA has increased MSP of Chana by Rs.75
to Rs.3175/qtl, Tur and Urad by Rs. 50 to at Rs.4350/qtl each while MSP of Moong was
increased by Rs.100 to Rs. 4600/qtl. According to the Ministry of Agriculture, sowing of rabi
pulses as on 31st October stands at 7.84 lakh ha as against 6.66 lakh ha last year. Sowing of
kharif pulses stood at 10.23 mn ha as against 10.91 mn ha last year. The 4th Advance
Estimates pegged total pulses output for 2013-14 at 19.27 mn tn, up from 18.34 mn tn earlier.
1st advance estimates have pegged kharif pulses output at 5.2 mn tn, down from 6.02 mn tn last
year.
Total area covered under Rabi Pulses 2013-14 stood at 161.9 lakh ha as against 152.65 lakh ha
last year. Chana sowing stood at 10.21 mn ha compared to 9.51 mn ha in the previous year.

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