COMEX Gold steadied above $2050/oz owing to softer US treasury yields amid solid demand for the first of this week’s three US debt sales Fed Bank of Cleveland President Loretta Mester said policymakers will probably gain confidence to cut interest rates “later this year” if the economy evolves as expected Treasury Secretary Janet Yellen said that while losses in commercial real estate are a worry, US regulators are working to ensure that loan-loss reserves and liquidity levels in the financial system are adequate to cope (Bloomberg) WTI Crude extends gains supported by lingering geopolitical risk in the Middle East as the Houthis targeted two ships in the southern Red Sea LME base metals hold gains as markets grew hopeful of more forceful measures by Chinese authorities to support economic recovery and optimism from reports of regulators’ plan to brief President Xi Jinping Today, EIA crude oil inventories and speeches by more Fed officials will be in focus

COMEX Gold steadied above $2050/oz owing to softer US treasury yields amid solid demand for...

*Agri-Commodity Update – 06-Feb-2024* *Domestic Agri-Future market Update* # *NCDEX Turmeric Apr* crossed above previous day high but could not sustain as it face resistance near 15,950 levels. Turmeric prices is supported on expectation of lower production this season. # *NCDEX Jeera Feb* is moderately higher but trading within the previous session range. traders are expecting bumper crop this season but good physical demand may keep prices in range of 26,000-27,000 levels. # *NCDEX Dhaniya Apr* traded under pressure for the second consecutive day weigh down by lower physical demand. However, production is expected to be lower this season due to less area in Gujarat and Rajasthan. # *NCDEX Castor Feb* slipped to 3-weeks low due to improving supplies in the physical market. # *NCDEX Cocud Feb* is trading under pressure but in a broad range with strong support near 2,430 levels. Improving kapas arrivals putting pressure on prices in 2024. # *NCDEX Guar seed Mar* recover about 1% in today’s trade to 5400 levels but still within the previous session range. Exports down 6% to 3.08 lakh tonnes Vs 3.28 lt last year during Apr-Dec period. # *NCDEX Kapas* continue to trade under pressure near 1480 levels as physical arrivals reaching record highs last week crossing 2 lakh bales per day. # *MCX Cottoncndy Mar* trading moderately higher near 57,600 levels. *International Market Update* # ICE Cotton trading positve today near 4-month highs supported by good export demand for US cotton coupled with strength in the crude oil prices. # Cbot Soybean is trading mostly unchanged near previous day closing. In the previous session it touched 3-year low prices and recovered due to bargain buying. # Export inspections of US soybeans rose by 60.3% to 1.42 mt in the week ending Feb 01: USDA # Brazil´s soybean crop estimate was cut to 156.1 mt from the previous projection of 160.3 mt: Abiove # Soybean harvesting in Brazil remained at a fast pace reaching 16% of the estimated area # Malaysian palm oil futures rose for a second consecutive session on Tuesday, tracking strength in rival edible oils and buoyed by expectations of lower output in the world’s second-biggest producer. # Palm oil stocks were seen falling to 2.14 million metric tons in January, down 6.62% from December : Reuters # Crude palm oil output was seen at 1.37 million tons, an 11.83% decline from the previous month

*Agri-Commodity Update – 06-Feb-2024* *Domestic Agri-Future market Update* # *NCDEX Turmeric Apr* crossed above previous...

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Agri-Commodity Update – 05-Feb-2024* *Domestic Agri-Future market Update* # NCDEX Turmeric Apr* recover strongly during the day after it fall in the morning session. Turmeric prices is supported on expectation of lower production this season. # *NCDEX Jeera Feb* down about 2% in today’s trade as market is expecting bumper crop this season but good physical demand may keep prices above 26,180 levels. # *NCDEX Dhaniya Apr* fall more than 2% today but then took support near 7730 levels and recovered to trade near 7800 levels. Production is expected to be lower due to less area in Gujarat and Rajasthan. # *NCDEX Castor Feb* slipped to 2-weeks low due to improving supplies in the physical market. # *NCDEX Cocud Feb* traded lower on selling pressure at higher levels. Improving kapas arrivals putting pressure on prices in 2024. # *NCDEX Guar seed Mar* down 1.70% due to selling pressure amid lower export demand for Guar gum. Exports down 6% to 3.08 lakh tonnes Vs 3.28 lt last year during Apr-Dec period. # *NCDEX Kapas* trading under pressure near 1481 levels as physical arrivals reaching record highs last week at daily average arrivals of 1.91 lakh bales # *MCX Cottoncndy Mar* trading little higher near 57,760 levels. *International Market Update* # ICE Cotton is trading moderately higher as it trading near 3-month high due to robust export volumes from the US. # US soybean continue to trade under pressure weigh down by diminishing export demand from the US. # Hot Weather and Dryness Hurt Argentina Soy;86% of soy is in a fair, good or excellent condition, down from 92% last week # Brazil 2023/2024 soybean crop forecast lowered to 150.35 mln T – StoneX # Malaysian palm oil futures recouped early losses on Monday to trade 1% high, with concerns of lower January output and a weaker ringgit countering weakness in rival edible oils

Agri-Commodity Update – 05-Feb-2024* *Domestic Agri-Future market Update* # NCDEX Turmeric Apr* recover strongly during...

Economic Events JAPAN Services PMI (Jan) (06:00): Actual 53.1 Forecast 52.7 Previous 51.5 CHINA Caixin Services PMI (Jan) (07:00): Actual 52.7 Forecast 53.0 Previous 52.9 INDIA Nikkei Services PMI (Jan) (10:30): Actual 61.8 Forecast 60.0 Previous 59.0 UK Composite PMI (Jan) (15:00): Actual 52.9 Forecast 52.5 Previous 52.1 Services PMI (Jan) (15:00): Actual 54.3 Forecast 53.8 Previous 53.4 EUROPE German Trade Balance (Dec) (12:00): Actual 22.2B Forecast 19.0B Previous 20.4B German Composite PMI (Jan) (14:25): Actual 47.0 Forecast 47.1 Previous 47.4 German Services PMI (Jan) (14:25): Actual 47.7 Forecast 47.6 Previous 49.3 Services PMI (Jan) (14:30): Actual 48.4 Forecast 48.4 Previous 48.8 S&P Global Composite PMI (Jan) (14:30): Actual 47.9 Forecast 47.9 Previous 47.6 PPI (YoY) (Dec) (15:30): Actual -10.6% Forecast -10.5% Previous -8.8% PPI (MoM) (Dec) (15:30): Actual -0.8% Forecast -0.8% Previous -0.3%

Economic Events JAPANServices PMI (Jan) (06:00): Actual 53.1 Forecast 52.7 Previous 51.5 CHINACaixin Services PMI...

INTRADAY BUY PIND FOR 2 SEPTEMBER Stocks With Major Volume and News MUTUAL FUND SIP MONEY TRIPPLE IN 10 YEARS FII DATA 18 SEPTEMBER MIDCAP AND SMALL CAP SHARES SELL