WEEKLY AGRI REPORT 11TH FEBRUARY 2013

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 HEADLINES
U.S. Soybean Inventory Estimate Cut on Rising Global Demand. U.S. soybean supplies before the next harvest will be 7.4 percent smaller than forecast a month ago and the smallest since 2004 on rising demand for last years droughtreduced crop, the government said. Stockpiles on Aug. 31 will fall to 125 million bushels (3.4 million metric tons), down from 135 million estimated in

TRADING TIP:

January and 169 million a year earlier, the U.S. Department of Agriculture said today in a report. The average estimate of 31 analysts surveyed by Bloomberg News was 130 million. Soybean prices have dropped 17 percent since a record in September as South American farmers planted more for a harvest just getting under way. This is a signal to the market that prices are not high enough to slow demand for tightening supplies in the U.S., James Gerlach, the president of A/C Trading Co. in Fowler, Indiana, said before the report. Its going to be very tough to buy supplies in the U.S. this summer.

Buy Turmeric Apr Above 6250 TGTS-6250/6270 SL-6050

EXPERT OPINION

Buy Chana Oct Above 4395 TGTS- 4435/4480 SL- 3942

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STOCK CHANA RM SEED SOYABEAN JEERA

S1 4244 3772 3093 13558

S2 4075 3598 2955 13239

R1 4489 4018 3391 14233

R2 4622 4159 3562 14569

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PRODUCT NAME

EXP DATE

OPEN

HIGH

LOW

CLOSE

LTP

CHG

PERCENTAGE CHANGE

WEEKLY MARKET ANALYSIS

CHANA 7/19/2012 4556 5060 4573 5060 4525 5018 4560 5120 4532 5018 -28 -102 -0.61 -1.99

CHILLI Pepper 7/19/2012 GUR

Pepper prices has witnessed buying at lower levels. Prices are currently near the crucial 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46 technical level of Rs. 43000. Fundamental scenario continues to be strong on the back of lower availability till the new crop. Lower stocks in the exchange warehouse can support the JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 bulls. Indian pepper is out priced in the international market. Lack of rains and lower water storage in Karnataka can also support prices. Around 449MT will expire in October contract. KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76
PEPPER

Chilli
Chilli prices is expected to trade weak during the session. Demand is said to be stable in the spot market. Around 938MT will expire in October contract can cap the upside in prices. Chilli sowing is 16.5% lower compared to last year and 22.5% lower compared to normal season.
7/19/2012 7/19/2012 7/19/2012 4309 4600 1251 4330 4676 1282 4265.5 4518 1251 4303 4664 1246 4315 4540 1282 12 0.28 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2 7/19/2012 42300 42555 42250 42390 42435 45 0.11

REF SOYA

SOY BEAN

Turmeric
TURMERIC WHEAT

Turmeric prices are expected to trade weak as futures continue to trade at a high premium compared to the spot market. Lack of export and domestic demand will keep prices under check in the spot mandi. Sowing of turmeric has started in Andhra Pradesh one of the key producers is 17.5% lower compare to last year and 17.8% lower compared to the normal season. Around 1665MT will expire in October contract.
36 2.89

-124

-2.66

Jeera
Jeera prices are expected to trade weak on fresh selling on the futures counter. Selling at higher levels is expected in the coming session. For the session we expect prices trade weak. FED stocks in NCDEX of around 1392MT in October contract can cap the major upside move in price.

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 WEEKLY SOYABEAN CHART

ANALYSIS
OPEN: 3270 HIGH: 3309 LOW: 3228 CLOSE: 3240

SOYABEAN LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

 WEEKLY CHANA CHART

ANALYSIS
OPEN: 3512 HIGH: 3536 LOW: 3409 CLOSE: 3470

CHANA LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: BUY ON DIPS

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