Agri Commodity Technical Trading Tips 11 June

• India’s monsoon is relied upon to bring belowaverage precipitation in the not so distant future, with precipitation in the middle of June and September to be somewhere around 90 and 96 percent of the long term average.
  • Soybean futures bounced on concerns over soybean production as oilseed- rising focal India is level to accept short of what ordinary precipitation in 2014. Rapeseed and Soyoil additionally climbed, however a drop in Malaysian palm oil costs limited the upside.
  • Guar seed moved higher on worries that production in the following season may drop because of figure of lower-than-ordinary precipitation in northwestern India.
  • Chana bounced back on purchasing at lower levels, however adequate supplies topped the upside.
  • Turmeric rose as interest in spot trade enhanced concerns over one year from now’s yield. Jeera edged higher on a change popular in the spot market.
  • Sugar amplified additions on the over of strong request in spot market from gathering shoppers and concerns over one year from now’s production as the climate office has gauge lower precipitation in stick rising territories.
  • Corn futures bounced more than 2 percent on concerns over the production of downpour encouraged product in the midst of figure of inconsistent precipitation. Wheat futures margin higher after additions in other farm commodity.

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