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NCDEX Report

Discussion in 'Commodity vs Dollar' started by raghav, Apr 1, 2016.

  1. raghav

    raghav New Member

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    NCDEX has helped to raise the quality of cotton traded through stringent warehousing standards and surveillance system. the quality of cotton bales delivered on commodity exchanges has been the biggest concern of the industry for many years. Cotton April future gained 0.7%.
    NCDEX Report by Money Maker Research
     
  2. raghav

    raghav New Member

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    Soybean on NCDEX settled up on supply worries following slower harvesting pace in the United States and on improved demand from China following robust imports data. Prices of the bean will be supported by supply worries from the United States the world's biggest bean producer, after US Department of Agriculture (USDA) said farmers planned to seed 82.236 million acres of soybeans compared to 82.650 million a year ago and an average analyst estimate of 83.057 million.
    According to Argentinean Agri Ministry, Soybean crops there is estimated to be around 60.9 million tons compared to 61.4 million tons last year. As per Customs General Administration, China's soybean imports for February month jumped 5.8% to 4.51 million tons on the year. The United States department of agriculture (USDA) trimmed the 2015-16 United States soybean production forecast for March and on improved demand in global market. The USDA cut US, the world's biggest bean grower, production estimates to 106 . 9 million tons in March compared to 107 million tons in the previous month and 106.9 million tons a year ago in its World Agriculture Supply and Demand Estimates report.
    NCDEX UPDATES
     
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