Monday, June 20, 2011

NCDEX Agri Commodity (Guar, Chana) news | NCDEX Tips

Guar Seed futures are trading mixed with the front month contract expiry slated today and traders shifting to other contracts. The commodity prices have been witnessing some arrival pressure, while satisfactory monsoon progress reports too have weighed on the prices.

The contract for Guar Seed  June delivery was trading at Rs 3254.00, down by 0.28% or Rs 9.00 from its previous closing of Rs 3263.00. The open interest of the contract stood at 9700 lots.

The contract for Guar Seed July delivery was trading at Rs 3315.00, up by 0.06% or Rs 2.00 from its previous closing of Rs 3313.00. The open interest of the contract stood at 204110 lots on NCDEX.

Chana futures are trading marginally lower and some profit booking is being witnessed with rates recovering fully after showing a weak trend during the early half of last week. The good monsoon progress report has turned the sentiments weak for most agri commodities.

The contract for Chana futures June delivery was trading at Rs 2570.00, down by 0.19% or Rs 5.00 from its previous closing of Rs 2575.00. The open interest of the contract stood at 15910 lots.

The contract for Chana futures July delivery was trading at Rs 2632.00, down by 0.38% or Rs 10.00 from its previous closing of Rs 2642.00. The open interest of the contract stood at 247870 lots on NCDEX.

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