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NCDEX DAILY LEVELS
DALLY EXPIRY R4 R3 R2 R1 PP S1 S2 S3 S4
!"#$%&'($ 1)-!%*+-1 60 633 626 623 61) 616 612 605 5),
!"-%./'($ 20-#C+-1 3533 370 307 33,5 33 3320 32,0 3220 3155
$M!%%( 1)-!%*+-1 37)0 370, 3625 35)5 352 3510 360 3375 32)3
0%%$.1/02. 1)-!%*+-1 11505 113)5 112,5 1120 11175 11130 11065 10)55 10,5
(2./'". 1)-!%*+-1 122)6 12156 12016 11), 11,76 11,0, 11736 115)6 1156
C.!+#$!%%( 1)-!%*+-1 23 35 265 225 1,5 15 105 023 3)3
NCDEX WEEKLY LEVELS
WEEKLY EXPIRY R4 R3 R2 R1 PP S1 S2 S3 S4
!"#$%&'($ 1)-!%*+-1 6,0 65) 63, 62) 617 60, 5)6 575 55
!"-%./'($ 20-#C+-1 3620 3530 30 301 3353 3312 326 3175 30,6
$M!%%( 1)-!%*+-1 3,67 365) 3650 3610 350 3500 335 3327 3210
0%%$.1/02. 1)-!%*+-1 11,5, 1161, 1137, 112,6 1113, 1106 10,), 1065, 101,
(2./'". 1)-!%*+-1 12)1, 1256, 1221, 120) 11,6, 116)) 1151, 1116, 10,1,
C.!+#$!%%( 1)-!%*+-1 )5 3), 2,1 235 175 12, 067 3)60 3,53
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CX DAILY LEVELS
DALLY EXPIRY R4 R3 R2 R1 PP S1 S2 S3 S4
.31M'/'1M 30-!%*+-1 132.65 130.75 12,.,5 12,.15 126.)5 126.30 125.05 123.20 121.25
C#**%$ 2,-/#4-1 2 3 26 21 1) 1 11 03 3)5
C$1(% #'3 1)-!%*+-1 6003 5)1 5,25 57)5 5736 5706 567 555, 56)
5#3( 03-#C+-1 2)0,5 2,732 2,375 2,225 2,025 27,70 27670 27316 26)62
3%.( 30-!%*+-1 13).75 13,.60 137.50 136.)0 136.30 135.70 135.10 133.)5 132.)0
.
/.+1$.3 5.! 25-!%*+-1 26 25, 251 2, 25 21 23, 232 225
/'C6%3 30-!%*+-1 1165 1152 111 1135 1130 112 111) 110, 10)1
CX WEEKLY LEVELS
WEEKLY EXPIRY R4 R3 R2 R1 PP S1 S2 S3 S4
.31M'/'1M 30-!%*+-1 137.35 133.65 130.05 12,.75 126.0 125.10 122.75 11).10 115.50
C#**%$ 2,-/#4-1 67 52 36 26 21 11 06 3)0 37
C$1(% #'3 1)-!%*+-1 6035 5)3 5,33 57)) 5732 56)7 5631 5530 52)
5#3( 03-#C+-1 2)375 2,)15 2,50 2,260 27),5 277)5 27525 27060 265)5
3%.( 30-!%*+-1 13 10 13, 137 136 135 133 131 12)
/.+1$.3 5.! 25-!%*+-1 2)1 27 25, 251 21 23 225 20, 1)2
/'C6%3 30-!%*+-1 11)2 1172 115 111 1132 1121 1112 10)2 1072
!'34%$ 5-!%*+-1 5765 636 3507 2)56 237, 1,27 12) 0120 3,))1
7'/C 30-!%*+-1 1, 16 1 13 12 11 10 13, 136
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CX ' WEEKLY NEWS LE++E/S
IN+E/NA+I0NAL NEWS
3M% Coppe8 stoc9s :;mpe< by 0., pe8cent on +;es<ay.
+otal inflow in 'n<ian e=;ities an< <ebt ma89ets >2).7) bn till <ate.
1.!. c8;<e stoc9s <ecline< by 2.1 million ba88els last wee9.
5e8man 'mpo8t *8ices <8oppe< by 0. pe8cent in t?e last mont?.
%conomic <ata - 5e8many 1nemployment 8ate@ C*'A %;8o-Bone- Confi<ence /;mbe8s
C%conomic@ 'n<;st8ial@ Cons;me8 an< !e8DiceE@ 1! - 0obless claims@ F2 8eDise< 5(*@ *e8sonal
Cons;mption an< *en<inG 2ome !ales.
S01/CES : $e;te8s
'n<ian C;88ency - +?e 1! (olla8 'n<eH C(IE <ecline< a8o;n< 0.3 pe8cent yeste8<ay on t?e
bac9 of ;pbeat ma89et sentiments w?ic? le< to <ecline in <eman< fo8 t?e low yiel<inG c;88ency.
&;8t?e8@ estimates of ma8Ginal pl;nGe in economic G8owt? in 1! eHe8te< <ownsi<e p8ess;8e on
t?e c;88ency.
+?e 'n<ian $;pee t8a<e< on a flat note an< app8eciate< ma8Ginally in yeste8<ayJs t8a<inG
session. +?e c;88ency app8eciate< on t?e bac9 of inflow of fo8eiGn f;n<s in e=;ities an< <ebt
ma89ets. +?e total inflow in t?e bot? t?e ma89ets acco;nte< to a8o;n< >2).7) billion till <ate in
t?e c;88ent yea8. 1pbeat <omestic ma89et sentiments also acte< as a positiDe facto8.
2/ECI01S E+ALS
'n t?e mont? of .;G;st@ Gol< p8ices ?aDe al8ea<y <ecline< by mo8e t?an 2K an< loo9s li9e t?e
t8en< may 8emain bea8is?. 5ol< ?ol<inGs at t?e !*($ Gol< t8;st@ t?e wo8l<Js la8Gest %+& stay
nea8 t?e ,00 M+@ almost flat fo8 past many wee9s. 'n t?e meanw?ile@ Global e=;ities t8a<e
?iG?e8 wit? Gains of mo8e t?an 1K in a sinGle wee9 is f;8t?e8 p;llinG Gol< p8ices lowe8 an<
li9ely t?at t?e same t8en< may contin;e in t?e neHt wee9. .not?e8 ma:o8 facto8 t?at is p;llinG
Gol< lowe8 is t?e anticipate< c;es f8om 0ac9son 2ole economic symposi;m w?ic? is eHpecte<
to foc;s on an impo8tant economic iss;e t?at faces t?e 1! an< wo8l< economies. We belieDe
loo9inG at t?e 8ecent economic <eDelopment@ especially t?e economic <ata cominG in bette8
t?an eHpecte< f8om t?e 1!@ it miG?t ?aDe incessant neGatiDe p8ess;8e on Gol< p8ices. -esi<es@
t?e e;8o an< Gol< w?ic? Gene8ally s?ape< by t?e 1!( pe8fo8mance a8e li9ely to moDe alonG
an< any f;8t?e8 <ecline in t?e e;8o c;88ency o8 st8onG app8eciation in t?e 1!( wo;l< wea9en
Gol< p8ices. 3oo9inG at t?e aboDe scena8io@ t?e commo<ity may 8emain <ep8esse< in t?e nea8
te8m w?e8ein we s;GGest sellinG f8om ?iG?e8 leDels.
5ol< once aGain ?a< a De8y s?allow <ay of t8a<e wit? t?e commo<ity t8a<inG in a small 8anGe
fo8 most pa8t of t?e <ay befo8e closinG 0.15K lowe8 to >12,3 pe8 o;nce ma89 fo8 actiDe
(ecembe8 eHpi8y at ComeH.
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'n 'n<ia@ mo<e8ate <isconnect contin;e< as local MCI Gol< p8ices fo8 #ctobe8 eHpi8y close<
lowe8 by 0.K to $s 277,0 pe8 10 L5ms. 't is li9ely t?at -;llion may open ma8Ginally positiDe
to<ay@ as t?ey 8eGain some of t?e a<<itional lost G8o;n< yeste8<ay meanw?ile 5ol< ComeH too
t8a<es ma8Ginally ?iG?e8 in ea8ly .sian t8a<e.
3ASE E+ALS
3M% Coppe8 p8ices slippe< by 0.5 pe8cent on 27 .;G +8a<inG session@ afte8 a 8epo8t s?owe<
p8ofit G8owt? at in<;st8ial companies in C?ina slowe< to 13.5 pe8cent in 0;ly f8om 17.) pe8cent
in 0;ne@ t?e fastest 8ate in seDen mont?s. .lso@ wea9 5e8man Cons;me8 Climate <ata co;ple<
wit? 0., pe8cent Gain in inDento8ies eHe8te< <ownsi<e p8ess;8e on p8ices.
2oweDe8@ eHpectations of p8ompt s;ppo8tiDe action f8om -ei:inG@ wit? officials steppinG in to
ens;8e t?e economy ac?ieDe< its 7.5K ann;al G8owt? ta8Get 8est8icte< s?a8p fall. +?e 8e< metal
to;c?e< an int8a <ay low of >6))Ltonne on We<nes<ay.
#n t?e MCI@ 8e< metal p8ices pl;nGe< by 0.7 pe8cent an< to;c?e< an int8a <ay low of
$s.21.75L9G befo8e closinG at $s.22.)L9G on We<nes<ay.
ENE/4Y
/at;8al Gas p8ices on t?e /"M%I Gaine< by a8o;n< 1 pe8cent on ba8Gain b;yinG at lowe8
leDels w?ile MCI f;t;8es Gaine< by a8o;n< 1.0) pe8cent an< close< at $s.21.0LMmbt;. %'.
/at;8al Gas inDento8ies <;e toniG?t is eHpecte< to s?ow a s;8pl;s of 7,-cf of Gas.
#il p8ices <ecline< on bot? si<es of t?e .tlantic as eHpectations of ample s;pply weiG?e< on
p8ices. 5lobal oil s;pply is eHpecte< to eHcee< <eman< t?is yea8@ coolinG p8ices. #il f;t;8es on
bot? si<es of t?e .tlantic -asin a8e on t8ac9 to post a secon< mont?ly <ecline.
2opes t?at t?e p8esi<ents of $;ssia an< 198aine co;l< 8eac? a ceasefi8e <eal <imme< afte8
198aine acc;se< $;ssia of la;nc?inG a new milita8y inc;8sion ac8oss its easte8n bo8<e8 on
We<nes<ay. 1.!. c8;<e stoc9s fell 2.1 million ba88els last wee9@ mo8e t?an eHpecte<@ b;t
C;s?inG inDento8ies 8ose 50,@000 ba88els@ <ata f8om t?e %ne8Gy 'nfo8mation .<minist8ation
s?owe< on We<nes<ay. #n t?e MCI@ c8;<e p8ices <ecline< by a8o;n< 0. pe8cent in line wit?
wea9ness in inte8national ma89ets an< close< at $s.5675Lbbl.
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NCDEX ' WEEKLY NEWS LE++E/S
C5ANA
C?ana contin;e< to t8a<e wea9 <;e to lac9 of <eman< .+?e <omestic <eman< ?as 8isen in t?e
man<is b;t t?at Got a<De8sely affecte< at t?e ?iG?e8 leDels as t8a<e8s waite< fo8 some <ips
befo8e initiatinG f8es? <eman< in t?e man<is. ami< 8ains in Cent8al an< /o8t?-West 'n<ia
s;ppo8tinG t?e 6?a8if *;lses c8op p8ospects 9ept oDe8all t8en< wea9.
+?e sowinG fo8 6?a8if *;lses ?as pic9e< ;p oDe8 last few wee9s an< t?at ?a< been p8eDentinG
st8onG ;pt8en< fo8 C?ana 8ates <espite imp8oDe< <eman< in man<is. $epeate< effo8ts by t?e
5oDt to 9eep tab on ?oa8<e8sMmainly fo8 essential &oo< items a8e also 9eepinG t?e ;pt8en<
limite<.
.s pe8 latest 8epo8ts of sowinG of 9?a8if c8ops as on 22n< .;G;st@ 9?a8if sowinG a8ea stoo< at
)35.06 la9? ?ecta8e. 't is 8epo8te< t?at p;lses ?as been sown in )2.62 la9? ?a Ds )).3) la9? ?a
same time last yea8.
2iG?e8 *;lses p8o<;ction fo8 2013-1 ?as been 9eepinG sentiments wea9 so fa8. .s pe8 38<
.<Dance< c8op estimates by 5oDt of 'n<ia@ 'n<ia is li9ely to p8o<;ce 8eco8< &oo<G8ains in
2013-1 at 26.3, M+. $eco8< p8o<;ction in +;8C3.3, M+E@ C?ana C).)3M+E an< oDe8all
*;lses at a 8eco8< 1).57 M+
#n 'nte8national f8ont@ .;st8alian C?ana p8o<;ction 8epo8te<ly ?as fallen by 23K. . fall in
(olla8 Ds $e ?as 9ept t?e impo8t cost of *;lses f8om Myanma8@ .;st8alia an< Cana<a low
8es;ltinG in f;8t?e8 wea9eninG of ma89et sentiments.

/ SEED
$M see< man<is co;l< not s;stain t?e ?iG?s as b;ye8s we8e at bay co;ple< wit? bea8is?
spilloDe8 effect. 2oweDe8@ t?e s;pplies a8e limite< an< sliG?t <eman< fo8 meal f8om eHpo8te8s
will p;ll ;p t?e ma89ets in t?e cominG wee9s. +?e a88iDals 8emaine< in t?e 8anGe of 55@000 N
65@000 baGs of ,56G eac?.
.s pe8 !olDent %Ht8acto8s .ssociation of 'n<ia C!%.E <ata ban9@ t?e impo8ts of $ape oil a8e
stea<ily on t?e 8ise an< ?aDe siGnificantly inc8ease< by mo8e t?an 11 times f8om 7@)3 M+ to
103@003 M+. +?o;G? oil meal eHpo8ts <ippe< fo8 t?e t?i8< consec;tiDe mont? <;e to 8ise in
soybean p8ices@ b;t t?e 8apesee< meal ?as inc8ease< 53 pe8 cent to 0,@10 tonnes f8om
267@61 tonnes in last fo;8 mont?s.
5lobal p8o<;ction of 8apesee< an< canola will <ecline to 6,.7 million tons f8om 6).7 million
tons as. +?e ?a8Dest in Cana<a@ t?e top eHpo8t-e8@ is eHpecte< to <ec8ease 20 pe8cent f8om t?e
p8io8 yea8 to 1. million tons. %1 o;tp;t will 8eac? a 8eco8< 23.5 million tons f8om 21.25
million tons a yea8 ea8lie8 ami< inc8easinG ?a8Dests in 5e8many@ &8ance@ *olan< an< t?e 1.6.
$apesee< p8ices in %1 <8oppe< <;e to spilloDe8 wea9ness f8om soybeans.
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S0YA3EAN 6 /E,I. S0YA
!oy oil p8ices on We<nes<ay 8emaine< wea9 on poo8 b;yinG sentiments in local man<is w?ic?
pic9e< ;p eno;G? <ownwa8< s;p-po8t f8om t?e bea8is? inte8national ma89et.
!oybean eHpo8ts f8om t?e 1.!. a8e set to accele8ate in t?e neHt few mont?s as fa8me8s ?a8Dest
t?e biGGest c8op. 1.!. soybean eHpo8ts will climb to a 8eco8< 6.3 million met8ic tons in t?e
201-15 ma89etinG season t?at sta8ts !ept. 1 f8om .65 million tons a yea8 ea8lie8. 5lobal
soybean o;tp;t will total 306.7 million tons. 1! soybean c8op is li9ely to be <ispose< of
=;ic9ly in t?e fi8st fo;8 to siH mont?s of t?e new season as -8aBilJs stoc9s a8e low. !oybean
p8ices ?aDe <8oppe< 21 pe8cent t?is yea8 as beneficial 1.!. G8owinG weat?e8 booste< oilsee<
an< G8ain <eDelopment. #il Wo8l< estimates 1.!. soybean p8o<;ction at 103.,5 million tons in
201-15@ in line wit? 1!(. fo8ecast an< 13 pe8cent biGGe8 t?an a yea8 ea8lie8.
!oybean man<is <i< open on a stea<y note wit? some b;yinG inte8est s?own by c8;s?e8s.
2oweDe8@ t?e p8ices will 8emain ;n<e8 p8ess;8e as t?e8e ?as been some Goo< sowinG p8oG8ess
co;ple< wit? bea8is? 1! ma89ets w?ic? ?as ?it a fo;8 yea8s leDels <;e to 8eco8< c8op o;tloo9
on Goo< weat?e8 fo8ecasts.
.s pe8 'M( t?e <eficiency 8ainfall <eficiency 8emaine< at 1,K as on 27t? .;G@ f8om so;t?
west monsoon. 2oweDe8@ inc8ease in 8ainfall actiDity can be seen in <;8inG t?e late8 pa8t of t?e
wee9.
.s pe8 !olDent %Ht8acto8s .ssociation of 'n<ia t?e total eHpo8t of oil meals <;8inG .p8il-0;ly
201 is at 721@577 tons compa8e< to 1@03,@,1) tons i.e. <own by 31K. 'n 0;ly 201 eHpo8t of
oil meals stoo< at 115@0) tons com-pa8e< to 1,2@133 tons in 0;ly 2013 i.e. <own by 37K.
%Hpo8t of soybean meal G8eatly 8e<;ce< in last 3 mont?s <;e to ?iG? cost of soybean in local
ma89et lea< to total <ispa8ity fo8 soybean meal in inte8national ma89et.
5lobal p8o<;ction of oil see<s incl;<inG soybeans@ 8apesee< an< s;nflowe8 will 8eac? a 8eco8<
507.2 million met8ic tons@ 1,.1 million tons mo8e t?an t?e p8eDio;s all-time ?iG? last yea8 as
pe8 #il wo8l<. +?e stoc9piles a8e li9ely to 8emain a8o;n< )).6 million tons at t?e en< of 201-
15@ 1, pe8cent mo8e t?an a yea8 ea8lie8. +?e most o;tstan<inG inc8ease in oil see< p8o<;ction is
set to occ;8 in t?e 1.!...@ w?e8e eHcellent weat?e8 con<itions a8e seen 8es;ltinG in 8eco8<
yiel<s pe8 ?ecta8e not only in soybeans b;t also co8n. . 8eco8< oil see< c8op ?as also been
G8own in t?e %;8opean 1nion t?is yea8.
!oybean p8o<;ction Globally may 8ise to 306.7 million tons@ ;p f8om 2,.6 million tons in t?e
p8io8 season@ wit? t?e 1.!. c8op@ t?e wo8l<Js biGGest@ acco;ntinG fo8 103.,5 million tons.
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