Daily Agri Report By www.epicresearch.co - 28 December 2012

HEADLINES South African Soybean Futures Advance After Being 'Oversold' South African soybeans rose the most in a month after traders deemed recent declines excessive. Soybeans for March,

Indore, India (prHWY.com) December 28, 2012 - Daily Agri Report by www.epicresearch.co - 28 December 2012

HEADLINES
South African Soybean Futures Advance After Being
'Oversold'
South African soybeans rose the most in a month after traders
deemed recent declines excessive. Soybeans for March, the
most active contract, advanced 1 percent to 4,840 rand
($564.54) a metric ton on the South African Futures Exchange
by 12 p.m. in Johannesburg. That's the biggest one-day gain
since Nov. 22. The active contract declined to a five-month low
on Dec. 21, when it closed at 4,790 rand.

Cardamom futures up on restricted arrivals, good
demand
Cardamom prices rose by Rs 8 per kg in futures trade as
participants enlarged their positions, driven by a firm demand
in the spot market against restricted arrivals from producing

belts. On the Multi Commodity Exchange, cardamom for the
January contract rose by Rs 8, or 0.78 percent per kg.
Trading tip:
Buy Dhaniya Jan
Above 5270
TGTS-5300/5330
SL- 5240

Sell Jeera Mar
Below 15245
TGTS-15170/15050
SL-15325
DAILY SOYABEAN ANALYSIS:

OPEN: 3295
HIGH: 3314
LOW: 3221
CLOSE: 3233
SOYABEAN LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
DAILY CHANA ANALYSIS:

OPEN: 4041
HIGH: 4059
LOW: 4012
CLOSE: 4024
CHANA LOOKS SIDEWAYS
TREND: CONSOLIDATE
STRATEGY: SELL ON RISE
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