Commodity Trading Tips for 05 March

Today’s NCDEX “Commodity Trading Tips”

Soybean gained Rs 20-30 per 100 kg major markets of Madhya Pradesh and Maharashtra Saturday. Uptrend continued in soybean on lower crop in South America.
Soybean traded at Rs 2,200-2,600 per 100 kg in the major markets of Madhya Pradesh and Rs 2,250-2,650 per 100 kg in Maharashtra.
Mentha oil futures extended uptrend in MCX on firm domestic demand from the pharmaceutical industries.
In MCX mentha oil March contract hits upper circuit at Rs.2183 per quintal against the previous close. Open interest of the contract so far is 4188 lots and volume traded is 5961 lots.
Good demand from the International markets and the domestic pharmaceutical Industries was noted. Low production and lower stock levels too supported the market sentiments.
Pepper futures gained Saturday on firm demand in the spot markets along with limited arrivals from the fresh crop.
In NCDEX pepper March contract hits upper circuit at Rs. 38640 per quintal against the previous close.Open interest of the contract is 4223 lots and volume traded is 3915 lots for the time being.