Commodity Research Report By Ways2Capital 30 June 2014

Senior diplomats from six world powers met in Brussels on Thursday to seek ways to resuscitate negotiations with Iran over its contested nuclear programme.
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June 30, 2014 - PRLog -- MCX - WEEKLY NEWS LETTERS


Senior diplomats from six world powers met in Brussels on Thursday to seek ways to resuscitate negotiations with Iran over its contested nuclear programme.

US Unemployment claims moved down to 312K vs 314K prev (rev 312K)

UK consumer morale hits new nine-year high in June.

Today US Revised Consumer sentiment, German Prelim CPI, UK Final GDP, Current Account, India FX reserves and Deposit growth would be eyed

Indian Rupee was weak against US dollar and is currently trading at 60.3900.


Gold rose toward a two-month high, on course for the first back-to-backquarterly advance since 2011, as investors assessed the outlook for U.S.borrowing costs. Bullion for immediate delivery added as much as 0.4 percentto $1,321.51 an ounce. Spot Gold is currently trading at $1320. MCX Gold Augis currently at `27735, it is trading up by `68 points for the day. Comex Silveris currently trading at $201.0 whereas MCX Silver July is currently trading at`44654, it is up by `23.The SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund,is holding 785.02 tonnes as per latest available data on their website.


Copper fell, amid concern that demand to use metals as collateral for loansmay decline in China and as a Federal Reserve official signaled U.S. Interestrates could rise by March. The metal for delivery in three months on theLondon Metal Exchange dropped 0.2 percent to $6,938 a metric ton. China’schief auditor found 94.4 billion yuan ($15.2 billion) of loans backed by falsifiedgold transactions, while public security officials are also probing alleged fraudat Qingdao Port involving copper.


Brent and West Texas Intermediate crudes headed for the first weekly declines since violence erupted this month in northern Iraq as the crisis has so far spared oil output from OPEC’s second-largest producer. Futures were little changed in London and poised for a 1.5 percent weekly loss. WTI for August delivery was down 26 cent at $105.58 a barrel in electronic trading on the New York Mercantile Exchange. MCX Crude Oil July is currently trading at `6373 , it is trading down by `11 for the day.

Some Important data set to be release in Upcoming Week.


Mfg. PMI

HSBC Final Mfg. PMI


Pending Home Sales

Total Vehicle Sales

Fed Chair Yellen Speaks

Unemployment Cliams

Crude Oil inventory

Natural Gas inventory

Fed Chair Yellen Speaks



• Indian oilseed complex prices closed flat yesterday. Rupee ended higher yesterday.

• Monsoon rains in India were 40% below average levels in the first 25 days in June.

• According to 3rd Advance estimates released by GoI, India’s output for the following crops in 2013-14 year are:- Soybean- 11.95 million MT, RM Seed 7.83 million MT.

• Soy meal exports from India, fell sharply to 8,226 MT in May from 96,492 MT a year earlier. India's oil meal exports dropped 9.8% from a year earlier to 4.3 million MT in the 2013/14 fiscal year that ended in March.

• India imported 1.02 million MT of veg oils in May vs. 819K MT in April and 892K MT in May 2013. India imported 654K MT of Palm oil, 174K MT of Soy oil and 178K MT of Sun oil in May 2014.

India Physical Market Rates

Date Commodity Rate Units

25-Jun-14 Soybean - Indore - NCDEX 3974.00 Rs./100 Kg

25-Jun-14 Soybean - Kota - NCDEX 4078.40 Rs./100 Kg

25-Jun-14 Soybean - Nagpur - NCDEX4080.00 Rs./100 Kg

25-Jun-14 Refined Soy oil - Indore - NCDEX 704.10 Rs./10 Kg

25-Jun-14 Refined Soy oil - Mumbai - NCDEX693.00 Rs./10 Kg

25-Jun-14 Refined Soy oil - Nagpur - NCDEX711.00Rs./10 Kg

25-Jun-14Mustard meal Export Kandla FAS-SEA265.00USD/MT

25-Jun-14 Mustard oil - Sri Ganganagar - NCDEX 650.00 Rs./10 Kg

• CBOT Soy complex prices ended mixed yesterday with Soy oil moving lower.

• The market again focused on fears of excess rains in parts of US Soybean growing areas.

• According to Soybean & Corn Advisor Inc, damage from flooding and hail may cut planted area for Corn and Soybean by 2 million acres.

• US Soybean Quarterly stocks as of 1 June 2014 are expected to be 378 million bushels vs. March est. of 992 million bushels and 435 million bushels in 1 June 2013.

• US Soybeans planting was 95% completed as of 22 June vs. 92% a week ago and 5 year average of 94%.


• Chana Futures on NCDEX continued its upward movement on Wednesday.

• Volumes decline by 22% compared to previous trading day. OI improved from previous trading day.

• Warehouse stocks continued to increase compared to previous day.

• Bargain buying and millers demand at lower levels has been supportive to prices.

• As per the 3rd Advance estimates from Ministry of Agriculture production of Gram (Chana) is forecasted to be 9.93 million MT in 2013-14 compared to 9.79 million MT (2nd Advance estimates) and 8.83 million MT in 2012-13. They added that total Pulses production is forecasted to be 19.57 (3rd Advance estimates) vs. 19.77 million MT (2nd Advance estimates) and 18.34 million MT in 2012-13.

Stock position of Chana at NCDEX approved warehouses

24-Jun-14 25-May-14 24-Jun-13

120,883 110,677 134,530

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