Energy
CRUDE OILCrude oil futures were trading marginally lower in the domestic market on Wednesday as investors and speculators stayed cautious of booking fresh positions in the energy commodity ahead of US supplies data which may show that stockpiles of oil rose for the sixth week on the trot, signaling weakening demand for the fuel in the world’s biggest fuel consumer. Further, bets that the OPEC may not slash its production target at its November 27 meet in Vienna raised concerns of oversupplies in the global crude oil market. At the MCX, Crude Oil futures, for the November 2014 contract, is trading at Rs 4,772 per barrel, down by 0.02 per cent, after opening at Rs 4,770, against a previous close of Rs 4,773. It touched an intra-day low of Rs 4,767. (At 11:14 AM).
Agro Outlook
CORIANDERCoriander prices rose by 2.93 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the limited stocks on account of restricted arrivals from the major growing belts. At the NCDEX, coriander futures for November 2014 contract was trading at Rs. 12,202 per quintal, up by 1.4 per cent after opening at Rs. 12,101 against the previous closing price of Rs. 12,033. It touched the intra-day high of Rs. 12,236 till the trading. (At 12.10 PM today).
CASTOR SEED
Castorseed prices fell by 0.06 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies as well as strong production estimates. At the NCDEX, castor seed futures for November 2014 contract was trading at Rs. 4,782 per quintal tonnes, down by 0.06 per cent, after opening at Rs. 4,790 against the previous closing price of Rs. 4,785. It touched the intra-day low of Rs. 4,782 till the trading. (At 12.40 PM today).
