Agri Commodities Preview: Soyabean Open in Green

Agri soyabean In spite of weak global cues and scattered buying support, Soyabean Open in Green and soya oil in Indore mandis with soya refined being quoted at Rs. 690-92 per 10 kg, while soya solvent ruled at Rs. 655-58.

The NCDEX Soyabean futures are to open in green on the account of positive cues from international market. The NCDEX Soyabean December futures settled higher at Rs. 2,862/quintal in the last trading, while Malaysian palm oil futures settled lower on Monday in line with the weakness in soya oil due to oversupply.

Commodity Tips : Gold, silver up in morning deals, Crude oil prices

commodity tipsGold and silver were trading higher in the early deals on due to demand of precious metals by jewellers, industries and retailers.  MCX Gold futures were up 0.05% at Rs 29,506 per 10 gram today morning, while MCX Silver futures were up 0.21% at Rs 39,590 per 1 kg.

Crude oil: Crude oil futures ended lower on Friday, trimming strong recent gains as data showed the US oil rig count jumped last week. Brent crude futures were at USD 63.64 per barrel at early morning, up 12 cents from their last close.  WTI crude was at USD 56.87 per barrel, up 13 cents from its last settlement. 

Rupee: The Indian rupee dips lower in early trades today against the dollar on worries that the tax rate decision of the GST Council will have a revenue implication of Rs 20,000 crore annually. The rupee opened at Rs 65.36 v/s the dollar and climbed to a high of 65.2550 so far during the day. In the spot currency market, the Indian unit was trading at 65.3350.

MCX Commodity watch, Gold Silver price, Copper, Crude Oil update

Gold Silver Crude oil CopperCrude Oil: Crude oil futures ended higher on Thursday in spite of a report tempering expectation for further supply cuts from OPEC. MCX Crude oil futures jumped 1% to close at Rs. 3735 per barrel on Thursday amid solid global cues and supportive fundamentals for the commodity, while Crude is staying behind just above USD 57 per barrel, down 0.28% on the day.

MCX Copper: COMEX Copper stayed behind around its one week low as some buying emerged amid strong economic cues and tight LME inventories scenario. MCX Copper futures regained from a low under Rs.440/kg and closed flat near Rs 445/ kg levels.

Precious Metal: Gold and silver were trading marginally lower in early trade on a weak appetite for precious metals on Thursday. MCX Gold futures were down by 0.20% at Rs 29,475/10 gram, while MCX Silver futures were down by 0.35% at Rs 39,748 per 1 kg. 

MCX Commodity: Mentha oil futures trade higher on rising demand

mcx mentha oil On MCX, Mentha oil futures traded takes higher as speculators widened positions, triggered by rising demand from consuming industries in the spot markets. Moreover, tight stocks position on fall in coming up from major producing belts of Chandausi in U.P. also helped mentha oil prices upwards.

The November delivery contract was trading at Rs 1,716.30, up by 4 percent or Rs 66.00 from its last closing of Rs 1,650.30. The open interest (OI) of the contract remained at 2,827 lots.
The contract for December delivery was being traded at Rs 1,736.00, up by 4 percent or Rs 66.70 from its last closing of Rs 1, 669.30. The OI of the contract stood at 3,018 lots on MCX.