Ncdex Turmeric Latest News Update

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Turmeric settled up by 3.65% at 8868 due to quality arrivals of turmeric from the producing belts. However, lack of fresh upcountry demand, capped some gains. Also support seen since last one week further after the report that there are reports of production concern due to drought in Maharashtra and Andhra Pradesh. 

Trading Ideas:
Turmeric trading range for the day is 8390-9126.
Turmeric prices ended with gains due to quality arrivals of turmeric from the producing belts.
Also support seen after the report that there are reports of production concern due to drought in Maharashtra and Andhra Pradesh.

Ncdex Mentha oil Latest News Update By MarketMagnify

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Mentha oil settled up by 1.01% at 941.9 rising demand at the spot market following restricted arrivals from producing belts of Chandausi in Uttar Pradesh. Investors are flocking to mentha oil in anticipation of an increase in prices owing to a 36% fall in production this year.

Trading Ideas:
Menthaoil trading range for the day is 914.5-959.1.
Mentha oil spot at Sambhal closed at 1057.00 per 1kg. Spot prices is down by Rs.-1.10/-.
Mentha oil prices ended with gains rising demand at the spot market following restricted arrivals from producing belts of Chandausi in Uttar Pradesh.

Maize Ncdex News Update

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Maize prices ended lower by 0.8 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of heavy selling activity by the traders on account of higher global supplies and weak offtakes from the local buyers. 

At the NCDEX, maize futures for March 2016 contract closed at Rs. 1,360 per quintal, down by 0.8 per cent, after opening at Rs. 1,365 against the previous closing price of Rs. 1,371. It touched the intra-day low of Rs. 1,347. 

Mcx Crude Updates By MarketMagnify

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Crude oil futures jumped by more than 6 per cent in the domestic market on Wednesday, bouncing back to levels last seen at the start of February internationally, after Iran backed a plan to freeze output at January levels by fellow OPEC members including Saudia Arabia, and Non OPEC giant Russia. 

While Iranian oil minister expressed his support for action     taken by leading oil producing      nations to support an oil price       recovery, he stopped short of     committing Iran’s participation     in the plan, stressing that other countries must understand Iran’s special circumstances. 

Ncdex Soyabean Latest News Update By MarketMagnify

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Soyabean settled down by -0.13% at 3782 on profit booking after prices gained on supply worries from United States. The USDA maintained 2015-16 United States soybean production forecast for February month while hiked its forecast for ending stockpiles, the department said in its WASDE report.

Trading Ideas:
Soyabean trading range for the day is 3727-3869.
Soyabean prices ended with losses on profit booking after prices gained on supply worries from United States.
USDA maintained 2015-16 United States soybean production forecast for February month while hiked its forecast for ending stockpiles.

Copper Latest News Updates By MarketMafnify

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We expect MCX Copper prices to trade higher today in line with international trends.

LME Copper prices fell by 0.1 percent yesterday to close at $4557 per tonne owing to mixed response to the trade balance data. China’s copper imports at 440,000 tonnes in January were down 17 per cent from December but up 5.3 per cent on the year.

LME Copper prices are expected to trade higher today as recent stimulus measures by China will boost the red metal. Also, fall in bearish bets in COMEX copper futures and options by around half in the week will act as a positive factor.

 

MCX Gold Silver Tips

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Gold

Gold settled up 0.73% recovering from day's while sentiments remain weak as investors awaited the release of the FOMC's minutes from its January meeting. 

Goldman Sachs's recommendation to short gold, as fed into a more cautious sentiment for the metal.

Chinese investors sold into gold's rally, a sign they do not expect prices to go much higher and cannot be counted on to support the market 

Silver

Silver settled up tracking Comex Silver which sustained above 15$ as market players continued to monitor volatile movements in oil prices and global financial markets. 

The stabilisation of the stock markets, after a rout last week on concerns over the health of the global economy, has taken the shine off bullion. 

Mcx Natural Gas news Today

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Natural Gas futures plunged by more than 1 per cent in the domestic market on Tuesday as investors and speculators exited positions in the energy commodity tracking a bearish trend in the overseas market as mild weather across the US threatened to curb the demand for the heating fuel in the world’s biggest gas consuming nation. 

November to March is the peak US gas heating season. At the MCX, Natural Gas futures for February 2016 contract closed at Rs 129.7 per mmBtu, down by 1.14 per cent, after opening at Rs 131.3, against the previous closing price of Rs 131.2. It touched an intra-day low of 129.2.

Today's Lme Inventory Report

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ALUMINIUM      + 55800

COPPER               -4000

LEAD                   + 825

NICKEL                 - 714

TIN                        - 180

ZINC                  + 40900

Ncdex Sugar Latest News Update

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Sugar Futures on NCDEX closed lower yesterday on reports of slowdown in exports from the country. Sugar Mar futures closed lower by 0.32% at Rs. 3,140/quintal. Sugar mills from the country may find it difficult to meet the mandatory export targets set by the Centre due to a fall in international prices. 

The sugar mills have contracted to export 900,000 tonne of the sweetener so far in the 2015-16 marketing season. Out of the contracted quantity, mills have dispatched nearly 700,000 tonne. In Maharashtra, top sugar producing state, the area under sugarcane cultivation expected to decline 25% during the 2016-17 season in due to drought. 

Best Mcx Market News On Gold

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Gold stretched its losses into a third session and tumbled below $1,200 an ounce on Tuesday, as easing concerns over the global economy buoyed stocks and hurt safe-haven demand for the metal.

Bullion's three-day loss of more than 4 percent, its biggest such drop in seven months, takes the precious metal further away from a one-year high reached last week and threatens to undo a rally that has seen prices gain 13 percent so far this year.

Spot gold fell 1.5 percent to $1,191.40 an ounce by 0415 GMT, after earlier hitting a session low of $1,190.40. The metal slid 2.3 percent on Monday, its biggest slump since July.

Ncdex Jeera Latest News Update By MarketMagnify

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Jeera prices closed higher by 3.56per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from growing regions. 

At the NCDEX, jeera futures for March 2016 contract closed at Rs. 15,000 per quintal, up by 3.56 per cent, after opening at Rs. 14,530 against the previous closing price of Rs. 14,485. It touched the intra-day high of Rs. 15,060. 

Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year. 

Mcx Natural Gas news Today

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Natural gas futures plummeted by nearly 2 per cent in the domestic market on Friday, crashing to the lowest level in seven weeks overseas as investors and speculators shunned the energy commodity as forecasts for above normal temperatures later in February across the US threatened to curb the demand for the heating fuel in the world’s biggest gas consuming nation. About 49 per cent of US households use natural gas for heating purposes.

 November to March is the peak US gas heating season. 

Meanwhile, US storage levels remain more than adequate as total supplies are 20 per cent higher than levels at this time a year ago and 19 per cent above the five-year average for this time of year. 

Mcx Gold Silver Market Trend & News Update

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Gold:-Spot gold prices jumped by 5.5 percent to close at $1237.7 per ounce. Prices rose to a one-year high, on track for its biggest daily jump in more than seven years as financial uncertainty, a lower dollar and tumbling stock prices around the world prompted investors to seek refuge in bullion.
The U.S. dollar tumbled to a nearly fourmonth low against a basket of major currencies, further supporting bullion prices.

Silver:-Last week, Spot silver prices surged by around 5 percent to close at $15.7 per ounce . Silver prices rose in tandem with rise in gold prices .Weakness in the dollar index supported the rise in silver prices.

On the MCX, silver prices rose by 6.1 percent to close at Rs.37984 per kg.

Chana Latest News Update By MarketMagnify

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Chana prices closed lower by 0.72 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. 

At the NCDEX, chana futures for April 2016 contract closed at Rs. 4,298 per quintal, down by 0.72 per cent, after opening at Rs. 4,374 against the previous closing price of Rs. 4,329. It touched the intra-day low of Rs. 4,285. 

Latest News Mcx Crude Oil

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Crude oil futures soared by almost 9 per cent in the domestic market on Friday, marking the biggest single-day gain in seven years overseas as investors cheered speculation of coordinated production cuts by the OPEC.

 A cartel that accounts for about 40 per cent of global crude supplies, are preparing to cooperate on possible output cuts. He added that while Non-OPEC members such as the US were being forced to lower output due to falling oil prices.

Any OPEC deal will need the approval of Saudi Arabia, OPEC’s biggest crude exporter and their prime policy maker. 

A drop in the number of rigs drilling for oil in the US signaled lower production ahead, supporting sentiment. Baker Hughes said that US oil drilling count fell by 28 to 439 last week.