Contents (Click on the topics)

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1 Contents (Click on the topics) 1. Recap 2. Physical Market Rates 3. Arrivals 4. Weather 5. Charts and Outlook 6. Disclaimer 1

2 Recap Indian markets NCDEX % Vol. Previous Close Open High Low % Volume Soybean APR JUN AUG OCT Total Change in = 320 Spread Apr-2015 Jun-2015 Aug-2015 Oct-2015 Apr Jun Aug NCDEX % Vol. Previous Close Open High Low % Volume Soy Oil APR JUN AUG OCT Total Change in = Spread Apr-2015 Jun-2015 Aug-2015 Oct-2015 Apr Jun Aug NCDEX RM % Vol. Previous Close Open High Low % Volume Seed APR MAY JUN JUL Total Change in = Spread Apr-2015 May-2015 Jun-2015 Jul-2015 Apr May Jun Indian oilseed complex prices closed mixed with Soy prices moving higher and RM Seed prices moving lower yesterday. Rupee ended higher yesterday. Soy meal exports from India fell to 64,514 MT in February from 104,426 MT in January. India's oil meal exports in February 2015 were 181K MT vs. 185K MT in previous month. Veg. oil imports in February 2015 were at million MT vs million MT in Jan Traders estimate this year s Soybean crop between 9 10 million MT. USDA estimates Indian 2

3 Soybean crop at 11.0 million MT. COT expects Indian Soy crop at 9.17 million MT. USDA estimated Indian crop at 10.5 million MT. Indian RM Seed output in may be 7.0 million MT vs. 7.4 million MT in the previous year. However, private trade estimates are near 5.8 million MT. According to 2 nd Advance estimates for released by GoI, India s output for Soybean is estimated at million MT and that of RM Seed at 7.36 million MT. NCDEX Warehouse Inventory 20-Mar Mar-15 Soybean - Akola Soybean - Indore TOTAL SOYBEAN India Physical Market Rates Date Commodity Rate Units 23-Mar-15 Soybean - Indore - NCDEX Rs. / 100 Kg 23-Mar-15 Soybean - Kota - NCDEX Rs. / 100 Kg 23-Mar-15 Refined Soy oil - Indore - NCDEX Rs. / 10 Kg 23-Mar-15 Refined Soy oil - Mumbai - NCDEX Rs. / 10 Kg 23-Mar-15 Refined Soy oil - Nagpur - NCDEX Rs. / 10 Kg 23-Mar-15 Soybean meal Export - Kandla - NCDEX Rs. / MT 23-Mar-15 Soybean meal - Indore - NCDEX Rs. / MT 23-Mar-15 Soy meal Export Kandla FAS - SEA USD / MT 23-Mar-15 Mustard meal Export Kandla FAS - SEA USD / MT 23-Mar-15 Mustard oil - Sri Ganganagar - NCDEX Rs. / 10 Kg 3

4 International CBOT Soybean Previous Close Open High Low % MAY JUL AUG SEP NOV CBOT Soy Meal Previous Close Open High Low % MAY JUL AUG SEP OCT CBOT Soy Oil Previous Close Open High Low % MAY JUL AUG SEP OCT CBOT Soy complex prices closed higher yesterday on likely short covering triggered by Dollar weakness. According to CFTC CoT report, for the week ending 17 March, non commercial traders increased their net short positions in CBOT Soybeans. ICE Canola prices closed firm yesterday. 4

5 Physical Market Rates Physical Market Rates - Soybean Date Commodity Rate Units 24-Mar-15 Brazil Soybean March - FOB Paranagua $ / MT 21-Mar-15 Argentina Soybean May - FOB Up River $ / MT 23-Mar-15 China Imported Soybean Dalian CNY / MT 24-Mar-15 USA Soybean April - FOB Gulf $ / MT Physical Market Rates - Soy meal Date Commodity Rate Units 24-Mar-15 Brazil Soy meal March - FOB Paranagua $ / MT 21-Mar-15 Argentina Soy meal April - FOB Up River $ / MT 23-Mar-15 China HQ Soy meal Dalian CNY / MT Physical Market Rates - Soy Oil Date Commodity Rate Units 24-Mar-15 Brazil Soy Oil April - FOB Paranagua $ / MT 21-Mar-15 Argentina Soy Oil April - FOB Up River $ / MT 23-Mar-15 China Standard Soy Oil Dalian CNY / MT 23-Mar-15 India Soy Oil Degummed CIF Mumbai $ / MT 5

6 Arrivals 6

7 IMD 7

8 Charts & Outlook NCDEX Charts NCDEX Soybean April ( ) Trade Recommendation: - None. NCDEX Soy Oil April (589.00) Trade Recommendation: - Buy above 582, S/L 578, TGT This call is on. 1 st TGT hit. Trail S/L to

9 NCDEX RM Seed April ( ) Trade Recommendation: - Sell below 3395, S/L 3433, TGT This call is on. NCDEX Outlook: - Rupee is trading higher. Soybean prices may trade firm with supports at 3300 levels. Soy oil prices may firm towards 595 levels. RM Seed prices may move lower towards 3300 levels. CBOT Charts CBOT Soybean May (979.00) Trade Recommendation: - None. 9

10 CBOT Soy meal May (325.60) Trade Recommendation: - None. CBOT Soy Oil March (30.98) Trade Recommendation: - None. Outlook: - Lower Dollar is a positive force. Soybean/ meal / Soy oil prices may move higher towards resistance at 1000/ 330/ levels. Key support level in Soy oil is at levels. 10

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