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NCDEX COMMODITY MARKET WEEKLY REPORT
NCDEX Commodity Market is one the main key area of trading commodities where Agri commodities are transact with Share market. NCDEX market commodity prices are about to steady in this week and trading session are not acquire not much loss and not much profit.
The Economic Times Said “Agri-Business, one of the main key for sustainable economic growth”
FIBER TREND
In Cotton Commodity, this commodity goes steady with slight positive bias in the domestic market or in the Indian market with good demand by mills and low arrivals in northern region. This NCDEX Cotton commodity is remained firm in domestic market as the supply was restricted and declined due to rain in some parts of north India.
For solving the problem in cotton, the Cotton Crop Assessment Committee (CCAC) meeting is scheduled in the first week of November, on production estimates while Pakistan Cotton Ginners' Association dispelled the allegations on the recently reconstituted Pakistan Central Cotton Committee that it would manipulate cotton date according to its own wish which can lead to a biased and unauthentic data.
Today Cotton J-34 and BT are trading are showing positivity and grown up 20.00 and 25.00 points respectively and their prices are 3420 at Abohar(PB) and 3885 at Rajkot(GJ).
SPICES TRENDS
In the Spices Commodities, Red Chilli and Turmeric prices traded stable in the major spot market on limited Demand across India while Black Peeper and Jeera prices are looked downward in the Major Spot market due to absence of fresh Demand in this week, in domestic market.
Due to halt in the Cardamom auctions, the Kerala Government had to pay 20 million rupees as tax in the last three weeks and spice Board also lost user fee in this week.
After some time Turmeric, Red Chilli and Jeera prices looked steady in somewhere in the domestic market but Cardamom prices are not changed as auction activity.
Today Red Chilli and Turmeric have neither any Growth and nor any loss at now while Jeera and Black Pepper showed slowdown today.
OIL AND SEEDS TRENDS
Firstly Soya Oil Seeds prices were down marginally in Major Spot market then after soya was traded mixed due to thin trading activities in the market’s major spots across India and Mustard seeds traded as mixed firstly in the commodity spot market exchanges and then it quoted up in the market.
The U.S. Department of Agriculture (USDA reported a sale of 110,150 tons of U.S. soybeans to an unknown destination) on Tuesday. Traders said the sale likely was made to China, the world's biggest buyer of soybeans.
Click here: It should take you right to AuroraDude's thread.
http://investorshub.advfn.com/boards/board.aspx?board_id=18767
Good luck with your purchases, Steve
I made a lot of money on DAG this year.
Its an agriculture commodity etf with exposure to wheat corn soya and sugar.
You really have to do your research. For example DAG is a double long but can give lower returns if theres a lot of volatility and the spread is quite large. Make sure you use a limit order for those kinds of instruments.
Otherwise you can check out call options but also an idea is to buy futures. The only thing I would be careful about with a future is not to buy on margin (which seems out of the question given the amount you are investing) and make sure you have a stop price in mind before you enter the transaction.
Good luck, its not easy.
I made a lot of money on DAG this year.
Its an agriculture commodity etf with exposure to wheat corn soya and sugar.
You really have to do your research. For example DAG is a double long but can give lower returns if theres a lot of volatility and the spread is quite large. Make sure you use a limit order for those kinds of instruments.
Otherwise you can check out call options but also an idea is to buy futures. The only thing I would be careful about with a future is not to buy on margin (which seems out of the question given the amount you are investing) and make sure you have a stop price in mind before you enter the transaction.
Good luck, its not easy.
please forgive me for the bother this one more time,can you send me a link? im not that goos with a computer
Post directly to AuroraDude on his thread "All Things Money" as he can help you better than I.
He trades options of all types all the time.
Best to you, Steve
well i NEVER traded commodities before..perhaps a little help?
ive never invested in commodities before,id like to try with 5000.00 this winter,can anyboby make a recomendation?
Looking for cocoa to go up this week, coming off 52 week low.
Selling Sep wheat and corn
Backing up the truck on cocoa.
Loaded up on cocoa today - looking for a bottom bounce.
Off Topic, just for a moment.
Hi Auroradude, thank you for the PM and the support. I am grinning from ear to ear. Unfortunately I can not PM you back so I hope you do not mind me replying to your post here. At first when meeting you, I honestly did not know how to inturpret some of your posts but as time has gone on, I am beginning to really like, understand you, your posts, and your positions on various subjects.
I sincerely appoligize if I have ever come across as a know-it-all because that would be the farthest from my intent.....but I was once a Noob here back in 1997/98 and I lost a LOT of money trading stocks online while attending the school of hard knocks.
As we both have done, I have won some and lost some but most of my losses have come because I am a "trusting" sort of person and some pumpers realized that, in the beginning of my trading days, and took advantage of my inexperience.
As long as I live, (and I have not told anyone else this before publicly) but I remember the trade like it was yesterday. Back in Feb 2000, putting almost 20 grand into a single momo play on the way up, and because it was so volitale and thinly traded that when I finally got out, I only had about 3200 left. That was one falling knife I just could not catch on the way down. The MM's tanked it faster than I could place sells. So ever since then, I do play the MOMO's down here in the 5th floor sub-basement but I am very wary of the abusive scams going on since then.
Most of all, has anyone on these boards considered for a moment the kind of irreparable damage that could be done to a Newbie who is young and inexperienced who maybe comes online with the last 5 grand that they have, just trying to make a few extra bucks for maybe their wife and child,and who want to "trust" that other posters are telling the truth........only to find out 24hrs later (when their 5 grand is virtually gone) that they were taken advantage of by those same posters who were doing nothing but spewing lies.
To me, that is simply wrong. If a person loses their money because they did not do their homework and their DD properly, that's one thing.....But to place "trust" in another poster on these IHub & RB threads, who's sole mission is to get you to believe in what they write and to invest and then sell out from under you, is just plain wrong.
Most of these Noobs get so burned that they flee the markets never to return. I do not know about the rest of the world but Noobs, to me, represent new money coming into the market and if that money is basically "stolen" from them by these MOMO plays, then one could hardly blame them (the Noobs) if they were not to place a trade ever again.
My mission is to teach them that there ARE decent people on these threads who are more than willing to "work together towards a common goal" and keep them coming back over and over again, rather than see them get "fleeced" just once.
So..... sorry for the diatribe..... I just hate to see the inexperienced get taken advantage of..... I want them as part of the team, long term, going forward..... and not to abandon the penny stock market forever.
Is it Monday 9:30 am yet....., Steve
Will be watching the dollar over the w/e - could lead to big buys for me next week.
Ringing again on coffee
Hey profit -
Didn't know this board was here.
I do a lot of my trading in commodities.
Will be dropping back by!
Have a good w/e.
auroradude
Russia, Crippled by Drought, Bans Grain Exports
By ANDREW E. KRAMER
The abrupt intervention, a response to Russia’s record heat, drove U.S. wheat prices to their highest levels in two years.
I've been making a profit on DAG the last few days. ETF composed of wheat, soya, corn and sugar.
Its unfortunate but it looks like droughts may affect crops globally.
http://www.google.com/hostednews/afp/article/ALeqM5gi-Vy2apLflsTD_52K9o42ysUoVw
http://canadafreepress.com/index.php/article/24943
http://www.businessweek.com/news/2010-07-02/wheat-gains-as-hot-dry-weather-may-hurt-crop-in-europe-russia.html
http://www1.voanews.com/english/news/economy-and-business/Drought-Threatens-Cambodia-Thailand-Rice-Output-96982289.html
IF you can believe what OUR government is telling us
http://www.washingtonpost.com/wp-dyn/content/article/2010/04/26/AR2010042603660.html
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