CAPITALSTARS FRIDAY COTTON FUTURES AGRI MARKET NEWS UPDATE 28 JUNE 2019
Capital Stars | Agri Commodity Tips
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5y ago
MCX Jul Cotton Closed Lower On Thursday Due To Profit Booking  CAPITALSTARS INVESTMENT ADVISOR ICE cotton closed lower on dismal export data. USDA Export Sales report showed just 72,044 RB of 18/19 upland cotton sold in the week of June 20. While the US exports were tallied at 322,603 RB, down 12.28% from the same time last year. The Cotton Advisory Board, estimated (provisional) cotton production this season (Oct 2018 to Sep 2019) to be 337 lakh bales of 170 kg each. Import of cotton in the 2018-2019 cotton season is expected to be 22 lakh bales, almost seven lakh bales higher compared with t ..read more
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CAPITALSTARS FRIDAY TURMERIC FUTURES AGRI MARKET NEWS UPDATE 28 JUNE 2019
Capital Stars | Agri Commodity Tips
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5y ago
Turmeric Futures Edged Lower To Close At 6,298 Rupees Per 100 Kg On Thursday Due To Fresh Sell By The Market Participants.CAPITALSTARS INVESTMENT ADVISOR Prices have breached 6,300 levels for the second time this week due to good rains in South peninsula and higher deliveries at Exchange. For June, about 3400 tonnes of delivery allocation is done till 21st June against 10 tonnes delivery last year. Turmeric exports during the month of March, up 25.5% y/y to 13,140 tonnes (Vs 10,473 t), as per govt data. While, turmeric exports in 2018/19 is up by 19.2% compared to last year. Country exported a ..read more
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CAPITALSTARS FRIDAY SOYBEAN FUTURES AGRI MARKET NEWS UPDATE 28 JUNE 2019
Capital Stars | Agri Commodity Tips
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5y ago
NCDEX Jul Soybean Edged Higher For The Fourth Consecutive Session On Thursday Due To Short Covering  CAPITALSTARS INVESTMENT ADVISOR CBOT Soybean closed lower on Thursday on reports of weak exports data and forecast of dry weather in coming weeks which will enhance sowing activities. USDA Export Sales report indicated just 168,175 MT of old crop soybeans sales during the week of June 20, below expectations. Chinese imports of soybeans were down 24% in May from the same month last year at 7.36 MMT, with 977,024 MT from US. However, monsoon rains will be very crucial in next two weeks as sowing ..read more
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CAPITALSTARS THURSDAY TURMERIC FUTURES AGRI MARKET NEWS UPDATE 27 JUNE 2019
Capital Stars | Agri Commodity Tips
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5y ago
Turmeric futures edged lower to close at 6,376 rupees per 100 kg on Wednesday due to profit booking by the market participants. CAPITALSTARS INVESTMENT ADVISOR Prices have improved after it slipped to 12-weeks low (6,230 levels) on Monday due to higher deliveries at Exchange. For June, about 3400 tonnes of delivery allocation is done till 21st June against 10 tonnes delivery last year. As per Commerce Ministry, turmeric exports during the month of March, up 25.5% y/y to 13,140 tonnes (Vs 10,473 t). While, turmeric exports in 2018/19 is up by 19.2% compared to last year. Country exported about ..read more
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CAPITALSTARS THURSDAY COTTON FUTURES AGRI MARKET NEWS UPDATE 27 JUNE 2019
Capital Stars | Agri Commodity Tips
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5y ago
ICE cotton futures moved up more than 1% on optimism over ease of trade dispute between US and China.  CAPITALSTARS INVESTMENT ADVISOR Market participants covered their short positions in view of scheduled meeting between US president Trump and Chinese President Xi in G20 summit under which they might resolve the trade dispute between them. Most active Dec delivery cotton futures moved up by 1.08% and closed the day at 66.43 cent/lb. At domestic front, MCX cotton futures for July bounced back on Wednesday following firmness in ICE cotton futures. Moreover, adverse weather condition for plantin ..read more
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CAPITALSTARS THURSDAY SOYBEAN FUTURES AGRI MARKET NEWS UPDATE 27 JUNE 2019
Capital Stars | Agri Commodity Tips
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5y ago
NCDEX Jul Soybean edged higher on Thursday due to short covering CAPITALSTARS INVESTMENT ADVISOR However, monsoon rains will be very crucial in next two weeks as sowing is slow. As per farm ministry, acreage under soybean was 53,000 ha so far, down about 57% from last year acreage of 1.24 lakh ha. Soybean arrivals for the Oct-May period pegged at 84.75 lt, up by 19.4% on year as per SPOA report. Until April, country crushed about 67.8 lt of soybean compared to 60.5 lt last year. In the 3 rd advance estimates, government increased production forecast of soybean to 137.43 lt (Vs 109.33 last year ..read more
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CAPITALSTARS WEDNESDAY TURMERIC FUTURES AGRI MARKET NEWS UPDATE 26 JUNE 2019
Capital Stars | Agri Commodity Tips
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5y ago
Turmeric futures closed higher for the second consecutive session on Tuesday due to short covering  CAPITALSTARS INVESTMENT ADVISOR It slipped to 12-weeks low on Monday due to higher deliveries at Exchange. For June, about 3400 tonnes of delivery allocation is done till 21st June against 10 tonnes delivery last year. As per Commerce Ministry, turmeric exports during the month of March, up 25.5% y/y to 13,140 tonnes (Vs 10,473 t). While, turmeric exports in 2018/19 is up by 19.2% compared to last year. Country exported about 1.33 lakh tonnes of turmeric in FY 18-19 compared to 1.11 lt last year ..read more
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CAPITALSTARS WEDNESDAY COTTON FUTURES AGRI MARKET NEWS UPDATE 26 JUNE 2019
Capital Stars | Agri Commodity Tips
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5y ago
ICE cotton futures traded in a limited range on Tuesday as market remained cautious  CAPITALSTARS INVESTMENT ADVISOR Cotton prices are likely to trade sideways to down today mainly due to improved supply outlook supported by rise in imports. India has imported about 9.28 lakh bales of cotton till end of May during year 2018-19 out of the estimated imports about 31 lakh bales and rest of the imports is likely to arrive in upcoming weeks. Moreover, picking of sowing activities along with the well progress of monsoon rainfall could be other factor which may keep prices under pressure in near term ..read more
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CAPITALSTARS WEDNESDAY SOYBEAN FUTURES AGRI MARKET NEWS UPDATE 26 JUNE 2019
Capital Stars | Agri Commodity Tips
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5y ago
NCDEX Jul Soybean edged higher on Tuesday due to technical bounce  CAPITALSTARS INVESTMENT ADVISOR CBOT Soybean closed lower on Tuesday on forecast of dry weather in coming weeks which will enhance sowing activities. Money managers in soybean futures and options trimmed their net short position by 35,848 contracts as of 6/18 to -55,307 contracts according to COT data. Chinese imports of soybeans were down 24% in May from the same month last year at 7.36 MMT, with 977,024 MT from US. The prices have been under pressure due to expectation of higher planting and sufficient stocks in the physical ..read more
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CAPITALSTARS TUESDAY COTTON FUTURES AGRI MARKET NEWS UPDATE 25 JUNE 2019
Capital Stars | Agri Commodity Tips
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5y ago
MCX Jun cotton edged lower on Monday on reports of good start to cotton planning in Gujarat.  CAPITALSTARS INVESTMENT ADVISOR Gujarat area under cotton is higher by 15% as in 17th June 2019 at 1.61 lakh hac. However, as per farm ministry report, acreage under cotton in the country was 18.18 lakh ha so far, lower than 20.68 lakh ha from a year ago. Recently, CAI has projected cotton exports at 46 lakh bales (Vs 69) due to higher prices and smaller crop size. ICE cotton closed edged higher on Monday, supported by a weak U.S. dollar and anticipation of positive trade outcome in G20 meeting. The ..read more
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