- Turmeric and soybean futures fell due to expectations of higher production from good rainfall and lower soymeal exports respectively. Chana futures also declined on sluggish demand and anticipated higher output from heavy monsoon rains. Jeera futures ended flat as improved demand offset higher production prospects. - Technical indicators for turmeric, soybean, chana and jeera are bearish, suggesting sell signals on rises in price. Support and resistance levels are given for each commodity.

1. DAILY AGRI COMMODITY REPORT
CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT
08TH SEPTEMBER 2014

2. DAILY AGRI COMMODITY REPORT
AGRI WRAP TURMERIC Turmeric futures extended losses on hopes of higher production due to good rainfall in key growing areas. The key September contract closed 1.54 percent lower at 6,380 rupees per 100 kg. TURMERIC (OCTOBER) DAILY CHART
TURMERIC (OCTOBER) TECHNICAL VIEW:
TREND: CONSOLIDATE SUPPORT 1: 6484,
SUPPORT 2: 6310, RESISTENCE 1: 6600,
RESISTENCE 2: 6750. STRATEGY: SELL ON RISE

3. DAILY AGRI COMMODITY REPORT
SOYABEAN Indian soybean futures fell on Friday to their lowest level in more than a year due to a drop in soymeal exports, while soyoil eased following losses in rival Malaysian palm oil. Indian soymeal exports plummeted in August and are expected to remain weak until the year-end when the new crop arrives, as poor supplies and high prices of the animal feed drive traditional buyers away from the leading Asian supplier. The key October soybean contract on the National Commodity & Derivatives Exchange closed 2.08 percent lower at 3,158 rupees per 100 kg, after falling to 3,142 rupees, the lowest level since Aug. 19, 2013, earlier in the day. SOYABEAN (OCTOBER) DAILY CHART
SOYABEAN (OCTOBER) TECHNICAL VIEW:
TREND: BEARISH SUPPORT 1:3080,
SUPPORT 2: 2950, RESISTENCE 1: 3280,
RESISTENCE 2: 3370, STRATEGY: SELL ON RISE

4. DAILY AGRI COMMODITY REPORT
CHANA Chana, or chickpea, futures extended losses on sluggish demand in spot markets and on hopes of bumper production of the winter-sown crop due to heavy rainfall in the top producing state of Madhya Pradesh. The September contract closed 1.12 percent lower at 2,727 rupees per 100 kg. CHANA (OCTOBER) DAILY CHART
CHANA (OCTOBER) TECHNICAL VIEW:
TREND: BEARISH SUPPORT 1: 2745,
SUPPORT 2: 2695, RESISTENCE 1: 2840,
RESISTENCE 2: 2890. STRATEGY: SELL ON RISE

5. DAILY AGRI COMMODITY REPORT
JEERA Jeera, or cumin seed, futures ended flat as an improvement in demand offset prospects of higher output due to good rainfall in the top producing Gujarat state. The key September contract closed unchanged at 10,945 rupees per 100 kg. JEERA (OCTOBER) DAILY CHART
JEERA (OCTOBER) TECHNICAL VIEW:
TREND: BEARISH SUPPORT 1: 10920
SUPPORT 2: 10675, RESISTENCE 1: 11100,
RESISTENCE 2: 11340. STRATEGY: SELL ON RISE

6. DAILY AGRI COMMODITY REPORT
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