2015: Issue 463, Week: 23rd - 26th February 2015
A Weekly Update from SMC
(For private circulation only)
Brand smc 287
WISE M NEY
From The Desk Of Editor
Contents
Equity
4-7
Derivatives
8-9
Commodity
10-13
Currency
14
IPO
15
Fixed Deposit
16
Mutual Fund
17-18
G
lobal stock markets rose during the week on the back of hope of Greece
reaching the deal and on the improvement in the economic data out of
U.S. Jobless claims in U.S. fell more than expected showing improvement
in the economic outlook. European stock advanced on optimism that the Greece
would broke a deal with Euro area creditors. Japanese stock too saw smart move as
the economic data showed that the exports have risen to 17% from a year earlier,
substantially higher than the estimates of 13.5%. Bank of Japan maintained
unprecedented monetary stimulus aiming to stoke a recovery from recession and
counter a slowdown in inflation. The bank of Japan, as per the statement released
SMC RESEARCH TEAM
recently, will boost the monetary base at an annual pace of 80 trillion yen ($670
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Back at home, Indian stock markets cheered on the optimism that the government
would fasten the economic reforms after as market participants saw good response
to coal auctions. Going next week, domestic markets are likely to behave in a
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how would it stimulate growth in the years to come. On the earning front, earnings
of India's largest companies fell more than expected in the latest quarter, adding to
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On the commodities front, Greece debt crises along with movement of dollar index
and performance of key economic indicators will continue to give direction to the
bullion counter. The minutes from the Fed's January meeting showed that some
officials thought that raising rates too soon could weigh on the U.S. economic
recovery, and that deterioration in the global economic outlook could also pose a
threat to the recovery. Meanwhile, spurt in the geopolitical tensions in Libya may
give support to the crude oil. Weather concerns may keep the natural gas prices on
volatile path. Some short covering activities can be seen in the base metal counter
Mr. Saurabh Jain @ Publication Address
when China market opens from 25th February. This week, key economic releases
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are US existing home sales data, consumer confidence, durable goods orders and US
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GDP data along with China manufacturing PMI, which will give further direction to
metals and energy.
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(Saurabh Jain)
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SPICES
BULLIONS
Turmeric futures (Apr) may continue to trade on a bullish note & test 9300
levels. However, a profit booking at higher levels cannot be ruled out.
Fundamentally, the underlying sentiments are firm as demand for the yellow
spice is rising at the spot markets. The stockist are showing keen interest in
new crop as there are expectations that the upcountry exporters will soon get
fresh orders from North India. Moreover, higher export demand from overseas
countries is expected to continue for Indian turmeric due to its high curcumin
content. The supply side fundamentals are citing that the pace of arrivals
from the fresh crop will pick up from March as the harvesting is under
process. Jeera futures (Mar) is likely to gain for the second consecutive week
& trade in the range of 14800-15800 levels. This season the production is
projected to be lower more than 20% as farmers shifted to other
remunerative crops amid poor yield on bad weather. The current year
production may be around 2,64,000 MT as compared to the last year 3,41,000
MT. Cardamom futures (Mar) is likely to consolidate in the range of 1095-1140
levels. In the current scenario, the stockiest are reportedly liquidating their
stocks. Secondly, over 60% of the harvesting is over and hence, arrival of good
quality material has declined. The bearish trend in Coriander futures (Apr) is
likely to prevail & the counter may test 6400-6300 levels owing to higher
output. Coriander production this year is expected at 2-2.5 crore bags (40kg
each), more than four times as compared to last year. The new crop has
started arriving in domestic market with higher moisture content.
Gold can trade on weaker path but some short covering can be seen after the
recent fall. Greece debt crises, movement of greenback and performance of
key economic releases may give direction to the prices. Gold can move in the
range of 25600-27500 while silver can move in the range of 35000-39000.
Recently Federal Reserve's last meeting showed some policy makers argued
for keeping interest rates near record lows for longer time. Many officials
pointed to risks ranging from a stronger dollar to turmoil in Greece as
weakening the case for the first rate increase since 2006, a record of the Jan.
27-28 meeting showed. Gold imports to top consumer India are set to jump in
coming months after the Reserve Bank of India (RBI) eased gold import curbs,
ahead of an expected cut in import duty in this week's budget. The Reserve
Bank of India recently eased gold import norms in a move that could increase
gold supply, nominated banks have been allowed to import gold on
"consignment basis" and lend it to local jewellers. RBI removed ban on imports
of gold coins and medallions. Under this system, banks source or borrow gold
from international bullion banks and lend the yellow metal to domestic
jewellers. The borrowing and the lending rates are fixed simultaneously. It not
only enables banks to earn good margin, but also ensures supply to the
domestic market. Annual central bank gold demand was up 17% to 477tonnes.
This was particularly evident in the last quarter of 2014, when demand was up
40% year on year to 119 tonnes.
OIL AND OILSEEDS
Soybean futures (Apr) is expected to consolidate in the range of 3340-3480
levels & trade with a downside bias due to lack of fresh cues of demand from
the domestic as well as international markets. The counter is reeling under
global supply pressure and facing weak export demand for soy meal. In recent
days, the solvent extractors have been severely affected by soybean crushing
disparity. The negative crush margin continues to be a discouraging for the
soybean crushers. U.S soybean futures may trade sideways with upside
getting capped amid optimism over crop prospects in Brazil and Argentina. As
cited by the Rosario Grains Exchange, Argentina will produce a record 58
million tonnes of soybeans in the 2014-15 & Brazil's soybean crop is now being
estimated at 94.6 million tonnes. Mustard futures (Apr) would possibly
consolidate in the range of 3300-3450 levels, with downside getting capped
supported by reports of lower production. As cited in the 2nd advance
estimates of production by the Ministry of Agriculture, India is set to harvest
7.36 million tonnes of rapeseed in 2014-15, lower by 7.54% as compared to
2013-14. CPO futures (Apr) would possibly remain firm in the range of 460-485
levels on good demand from stockist and retailers as well as seasonal offtake.
On the international market, the fundamentals highlight that Indonesian
crude palm oil output is estimated to have fallen around 5% in January from
December 2014, hit by wet weather in key growing regions & Malaysia's
January palm oil end-stocks probably dropped to their lowest level in six
months after flooding in the Borneo region coupled with low yields reduced
output to the lowest level since February 2011.
ENERGY COMPLEX
Crude oil may trade on volatile path as on the one hand decline in oil rig count
and geopolitical tensions are supporting the prices while on the other hand
supply glut scenario is keeping the upside capped. In recent weeks crude has
dropped on EIA reports of inventory builds, then got support after firm Baker
Hughes showed the number of U.S. rigs drilling for oil at three-year lows.
Crude oil can move in the range of $47-$58 in NYMEX and 3000-3400 in MCX.
U.S. commercial crude oil inventories rose by 7.7 million to a record 425.64
million barrels in the week ended Feb. 13, said the U.S. Energy Information
Administration. The build was the biggest weekly addition in barrels since
records began in 1982, exceeding analysts' expectations of a 3.2 million
barrel rise. Crude stocks at the Cushing, Oklahoma, and delivery hub rose
3.66 million to 46.26 million barrels, the EIA data showed. At the same time,
production from the world's biggest exporter Saudi Arabia may be increasing
to near 10 million barrels per day. Natural gas prices may trade on volatile
path as US weather conditions will keep the sentiment mixed. Overall it can
move in the range of 155-188 in MCX. The weather may be colder than normal
in the Northeast and Midwest from Feb. 24 through March 5, according to WSI
Corp. in Andover, Massachusetts. New York temperatures may slide to 11
degrees Fahrenheit on Feb. 26, 20 below normal, according to AccuWeather
in State College, Pennsylvania.
OTHER COMMODITIES
The downtrend in barley futures (Apr) is likely to get extended towards 1100
levels as this season the acreage has increase over the normal area under
cultivation. It is estimated that the total production of barley in the current
year is likely to surge by 18% from the last year to reach 21.50 lakh tonnes as
against 18 lakh tons. This is mainly on the account of strong sowing acreage
coupled with better crop conditions in major producing states. Wheat futures
(Mar) may fall further facing resistance near 1625 levels owing to expanding
domestic inventories and widening a global grain glut. This season the output
is estimated at 95.8 million metric tonnes in 2014-15, compared with an alltime high of 95.9 million tons a year earlier as cited by the Agriculture
Ministry. Secondly, it is reported that the government had no immediate plans
to export wheat from overflowing warehouses but could sell locally. Chana
futures (Apr) is expected to maintain the bullish momentum & test 3730-3800
levels in days to come supported by reports of lower production & delayed
arrivals this season. As cited in the 2nd advance estimates of production by
the Ministry of Agriculture, production of pulses estimated at 18.43 million
tonnes is lower by 1.35 million tonnes than the last year. Sugar futures (Mar) is
expected to consolidate in the range of 2640-2740 levels as the gains may
remain capped due to supply pressure. During this season, till 15th February,
2015 about 167.08 lakh tonnes of sugar has been produced as compared to
145.28 lakh tonnes in the same time during corresponding period. Giving a ray
of hope, the Cabinet approved a higher subsidy of `4,000 a tonne for exports
of raw sugar, a decision that could support local prices by reducing excess
supplies as India stares at a glut in production.
BASE METALS
Base metals counter is expected to trade sideways with some short covering
can be seen in aluminum and zinc. Copper may move in the range of 348-370.
Copper prices have recovered around 8 percent since hitting the 5-1/2 year
low in January, but the metal used in power and construction has still fallen
some 9 percent so far this year. Copper has been stuck in a $5,300 to $5,800
trading band for the past month and traders expect little to change until postholiday trade revives in China as markets in China will reopen on Feb. 25.
Trading companies operating in Shanghai's free trade zone are likely to cut
back on using copper imports as a financing tool as they are now allowed to
borrow from overseas banks more freely. The reduction would further hit
China's imports of copper, which dropped off after Chinese banks tightened
credit in the second half of last year amid probes of an alleged metal financing
scam. More than 50 percent of China's refined copper imports in 2012-2013
were linked to financing deals. While Zinc moved in the range of 127-134.
Meanwhile lead can move in the range of 108-115 in MCX .Aluminum may
move in the range of 110-115 in MCX. Aluminium stocks held at three major
Japanese ports climbed for a tenth month to hit a record high at the end of
January, as robust imports met tepid domestic demand. Spot premiums have
been below $425 per tonne in Japan due to higher inventories and as some
Japanese companies want to cut their stocks by March 31.Nickel prices may
trade in the range of 830-930.
®
10
COMMODITY
TREND SHEET
EXCHANGE
COMMODITY
CONTRACT
CLOSING
DATE TREND
PRICE
CHANGED
TREND
RATE TREND
SUPPORT
RESISTANCE
CHANGED
CLOSING
STOP/LOSS
NCDEX
SOYABEAN
APR
3395.00
15.01.15
SIDEWAYS
NCDEX
JEERA
MAR
15305.00
13.11.14
UP
12090.00
14500.00
NCDEX
CHANA
APR
3694.00
30.10.14
UP
3131.00
3400.00
NCDEX
RM SEEDS
APR
3359.00
22.01.15
DOWN
3431.00
-
MCX
MENTHA OIL
MAR
756.40
29.05.14
SIDEWAYS
14000.00
3300.00
3500.00
3600.00
MCX
CARDAMOM
MAR
1146.40
01.01.15
UP
1038.40
980.00
920.00
MCX
SILVER
MAR
36420.00
11.12.14
UP
38668.00
36000.00
35000.00
409.00
-
MCX
GOLD
APR
26266.00
12.02.15
SIDEWAYS
MCX
COPPER
APR
363.45
16.10.14
DOWN
370.00
380.00
MCX
LEAD
MAR
112.15
11.09.14
DOWN
128.95
-
117.00
121.00
MCX
ZINC
MAR
129.55
15.01.15
DOWN
126.80
-
135.00
138.00
MCX
NICKEL
MAR
872.70
15.01.15
DOWN
891.40
-
960.00
980.00
MCX
ALUMINUM
MAR
113.25
15.01.15
DOWN
110.30
-
118.00
120.00
MCX
CRUDE OIL
MAR
3246.00
05.02.15
SIDEWAYS
MCX
NATURAL GAS
MAR
177.80
04.12.14
DOWN
226.80
-
180.00
200.00
Closing as on 19.02.15
NOTES : 1)
These levels should not be confused with the daily trend sheet, which is sent every morning by e-mail in the name of Daily report- commodities (Morning Mantra).
2) Sometimes you will find the stop loss to be too far but if we change the stop loss once, we will find more strength coming into the commodity. At the moment, the stop loss will be far as we
are seeing the graphs on weekly basis and taking a long-term view and not a short-term view.
TECHNICAL RECOMMENDATIONS
GUARSEED NCDEX (MARCH)
GUARSEED NCDEX (MARCH) contract closed at `3729.00 on 19th February '15. The contract made its
high of `4423.00 on 23rd January '15 and a low of `3643.00 on 12th February '15. The 18-day Exponential
Moving Average of the commodity is currently at `3964.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 33. One can sell in the
range 3775-3790 with the stop loss of `3830 for a target of `3635.
COPPER MCX (FEBRUARY)
COPPER MCX (FEBRUARY) contract closed at `359.45 on 19th February '15. The contract made its high
of `362.85 on 18th January '15 and a low of `332.80 on 29th January '15. The 18-day Exponential Moving
Average of the Commodity is currently at `356.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 49. One can buy in the
range 356-354 with the stop loss of `351 for a target of `364.
CASTORSEED NCDEX (MARCH)
CASTORSEED NCDEX (MARCH) contract closed at `3793.00 on 19th February '15. The contract made its
high of `4710.00 on 29th December '14 and a low of `3742.00 on 19th February '15. The 18-day
Exponential Moving Average of the Commodity is currently at `4000.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 23. One can sell in the
range 3870-3900 with the stop loss of `3960 for a target of `3700.
®
11
COMMODITY
NEWS DIGEST
WEEKLY COMMENTARY
•
TheLondon Bullion Market Association announced that
it is set to launch the new the LBMA Gold Price on March
20 as the new pricing mechanism will replace the 96year old London Gold Fix.
In the bullion counter, both gold and silver moved down as a rise in the dollar index and lack of
safe haven demand kept the prices under pressure. Gold went below 26200 while silver tested
36100 in MCX. Confusion over Greece's debt negotiations with its European lenders dominated
the markets. Financial markets had been under pressure as euro zone finance ministers were
unable to agree with Greece a final statement or a way to continue talks until their next
meeting on Monday to extend an international bailout. Recently, some officials in the FED
advised to go slow in interest rates front and indirectly putting pressure on the Dollar Index.
Good volatility was seen in Crude last week with inventory numbers from private sector major
API depicting a huge rise by around 15 million barrels in crude stocks. In base metals counter all
base metals plunged sharply lower except copper, which managed remain flat. Chinese funds
helped drive a rout on copper markets last month that sent prices spiraling down to the lowest
levels in 5-1/2 years amid worries about a slowing Chinese economy and surging copper
inventories. Nickel plunged lower and tested key support of 870 while lead tested below
110.50. Aluminium tested key support of 112.40 in MCX.
•
According to EIA “U.S. natural gas consumption may
climb 1.4 percent this year to 74.34 billion cubic feet a
day, driven by industrial users and power plants”.
•
Output of rolled aluminium products by Japanese
fabricators fell to 2.9 percent in December from a year
earlier to 160,731 tonnes.
•
US University of Michigan said its consumer sentiment
index slipped to 93.6 in early February from a reading
of 98.1 in January.
•
The government has added 38 more products to the list
of commodities exempt from commodity transaction
tax (CTT).
Last week a major positive development took place which boosted the sentiments of the
commodity markets as the Government exempted 38 more agriculture items from the ambit of
the Commodity Transaction Tax (CTT), which was imposed in July 2013. Another ray of hope
rekindled as the Cabinet Committee on Economic Affairs (CCEA) cleared a proposal to extend a
subsidy of `4,000 a tonne on export of 1.4 million tonnes of raw sugar in the 2014-15 crop year
to help millers export a portion of surplus production and will aid sugar mills to clear the cane
price dues of farmers. As regards price movement of commodities, turmeric & jeera futures
rallied the most in spices complex triggered by reports of lower production & demand from the
upcountry exporters. Cotton prices also witnessed some upside momentum supported by
lower level buying. On the other hand, coriander prices plunged owing to higher output &
sustained elevated arrivals at the spot markets. Wheat futures also felt a downward pressure
on account of bulging stocks at the granaries. The oilseeds counter trade sideways due to lack
of fresh cues of demand from the overseas buyers.
•
The Centre has fixed wheat procurement target for the
2014-15 Rabi marketing season at 30.06 million tonnes
(MT) against the actual procurement of 28.02 MT.
•
The Cabinet approved a higher subsidy of `4,000 a
tonne for exports of raw sugar. The export incentive
will be given for 1.4 million tonnes of raw sugar in the
2014-15 season, which began on October 1.
•
The second advance estimate figures of Rabi season
pegged food grain production at 257.07 million tonnes
(MT), against 264.77 MT in the fourth advance
estimate.
NCDEX TOP GAINERS & LOSERS (% Change)
MCX TOP GAINERS & LOSERS (% Change)
15.00
10.00
8.13
10.97
8.00
10.00
7.55
6.00
5.00
3.18
2.69
4.00
2.55
2.38
1.75
2.00
0.00
-2.77
-2.39
1.26
-1.93
0.00
-5.00
-5.61
-2.00
-10.00
-9.33
-3.24
-4.00
-3.59
-3.88
-4.85
-4.67
NICKEL
SILVER
-6.00
-15.00
TURMERIC
JEERA
NEW STEEL LONG
SUGAR M
KAPAS
CORIANDER
SILVER HEDGE
WHEAT DELHI
CASTOR SEED NEW
GOLD HEDGE
WEEKLY STOCK POSITIONS IN WAREHOUSE (NCDEX)
COMMODITY
UNIT
BAJRA
CASTOR SEED
CHANA
CORIANDER
COTTON (29MM)
GUARGUM
GUARSEED
JEERA
MAIZE
RAPE MUSTARD SEED
SOYABEAN
TURMERIC
WHEAT
MT
MT
MT
MT
BALES
MT
MT
MT
MT
MT
MT
MT
MT
12.02.15
QTY.
20
437725
40402
0
500
9868
13779
12286
16805
0
504
1144
674
19.02.15
QTY.
20
439889
39873
0
500
9564
13483
12451
16898
0
595
1563
1551
BR. CRUDE OIL
CARDAMOM
COTTON
CPO
CRUDE OIL
ZINC
GOLD PETAL (DEL)
WEEKLY STOCK POSITIONS IN WAREHOUSE (MCX)
DIFFERENCE
0
2164
-529
0
0
-304
-296
165
93
0
91
419
877
COMMODITY
UNIT
11.02.15
QTY.
CARDAMOM
19.02.15 DIFFERENCE
QTY.
MT
23.10
27.10
4.00
BALES
57100.00
63400.00
6300.00
GOLD
KGS
29.00
29.00
0.00
GOLD MINI
KGS
8.10
8.00
-0.10
GOLD GUINEA
KGS
25.97
25.97
0.00
MENTHA OIL
KGS
3652547.30
3369825.75
-282721.55
SILVER (30 KG Bar)
KGS
6997.02
6897.11
-99.91
COTTON
®
12
COMMODITY
SPOT PRICES (% change)
2nd Advance Estimates of Production of Major Crops for 2014-15
JEERA (UNJHA)
7.17
TURMERIC (NIZAMABAD)
According to 2nd Advance Estimates for 2014-15, released by the Department of
Agriculture & Cooperation on 18th February, total foodgrains production in the
country is estimated at 257.07 million tonnes which is the fourth highest quantity
of annual foodgrains production in the country. This is 8.50 million tonnes lower as
compared to record production of 265.57 million tonnes in 2013-14 final estimates.
Despite of deficiency of 12% in the monsoon rainfall during the year, due to
proactive measures of the Ministry of Agriculture, the loss in production has been
restricted to just around 3% over the previous year.
Lower production of rice, coarse cereals and pulses due to erratic rainfall
conditions during the monsoon season-2014 has contributed to the overall decline
in foodgrain output in crop year 2014-15.
As per 2nd Advance Estimates, the productions of major crops during 2014-15 are
as under:
4.97
MUSTARD (JAIPUR)
3.61
COTTON SEED OIL CAKE (AKOLA)
2.89
COTTON (KADI)
1.97
SOYABEAN (INDORE)
1.72
CRUDE PALM OIL (KANDLA)
1.69
RAW JUTE (KOLKATA)
1.56
CHANA (DELHI )
0.99
GUR (MUZAFFARNGR.)
0.52
REFINED SOYA OIL (INDORE)
0.36
MENTHA OIL (BARANBAKI)
0.26
WHEAT (DELHI)
-0.17
MASOOR (INDORE)
-0.45
GUAR SEED (JODHPUR)
-0.59
BARLEY (JAIPUR)
-0.63
CHILLI (GUNTUR)
-1.07
SUGAR (KOLKATA)
-1.22
SILVER 5 KG (DELHI)
-1.58
GUAR GUM (JODHPUR)
-1.92
PEPPER MALABAR GAR (KOCHI)
2013-14
2nd Advance
Estimates
Rice
106.19
Wheat
95.60
Maize
23.29
Coarse Cereals
41.64
Tur
3.34
Gram
9.79
Urad
1.59
Moong
1.28
Total Pulses
19.77
Total Foodgrains
263.20
Groundnut
9.14
Rapeseed & Mustard
8.25
Soyabean
12.45
Total Nine Oilseeds
32.98
Cotton #
35.60
Jute, Mesta # #
11.30
Sugarcane
345.92
# million bales of 170 kgs each
## million bales of 180 kgs each
-4.25
CORIANDER (KOTA)
-14.13
-20.00
-15.00
-10.00
-5.00
0.00
5.00
10.00
WEEKLY STOCK POSITIONS IN LME (IN TONNES)
COMMODITY
STOCK POSITION
STOCK POSITION
DIFFERENCE
12.02.15
19.02.15
ALUMINIUM
4001125
3968675
-32450
COPPER
289200
298075
8875
NICKEL
426090
425790
-300
LEAD
212700
212350
-350
ZINC
608000
586550
-21450
PRICES OF METALS IN LME/ COMEX/ NYMEX (in US $)
COMMODITY
EXCHANGE CONTRACT 13.02.15
19.02.15 CHANGE%
ALUMINIUM
LME
3 MONTHS
1836.50
1818.00
COPPER
LME
3 MONTHS
5735.00
5750.00
0.26
LEAD
LME
3 MONTHS
1849.50
1800.00
-2.68
NICKEL
LME
3 MONTHS 14645.00
13985.00
-4.51
ZINC
LME
2013-14 (Final)
Crop
3 MONTHS
2151.00
2077.00
-1.01
-3.44
106.65
95.85
24.26
43.29
3.17
9.53
1.70
1.61
19.78
265.57
9.71
7.88
11.86
32.75
35.90
11.69
352.14
2014-15
2nd Advance
Estimates
103.04
95.76
22.97
39.83
2.75
8.28
1.61
1.39
18.43
257.07
7.47
7.36
11.64
29.83
35.15
11.47
354.95
• Total production of rice in the country is estimated at 103.04 million tonnes
which is lower by 3.61 million tonnes than the last year's record production of
106.65 million tonnes.
• Production of wheat estimated at 95.76 million tonnes is marginally lower than
the record production of 95.85 million tonnes of wheat during 2013-14.
• Total production of Coarse Cereals estimated at 39.83 million tonnes is lower by
3.46 million tonnes than their production during 2013-14.
• Production of pulses estimated at 18.43 million tonnes is lower by 1.35 million
tonnes than the last year's production but higher by 0.81 million tonnes than
their average production during the last five years.
• With decrease of 2.92 million tonnes over the last year's production level, total
production of oilseeds in the country is estimated at 29.83 million tonnes.
• Production of sugarcane is estimated at 354.95 million tonnes which is higher by
17.14 million tonnes as compared to its average production of last five years.
• Total production of cotton estimated at 35.15 million bales (of 170 kgs each) is
significantly higher (by 2.68 million bales) than the average production of last 5
years.
• Production of jute & Mesta is estimated at 11.47 million bales (of 180 kg each)
which is lower by 0.22 million bales than their last year's production and
marginally higher (0.18 million bales) over their average production levels.
INTERNATIONAL COMMODITY PRICES
COMMODITY EXCHANGE CONTRACT
UNIT
13.02.15 19.02.15 CHANGE(%)
GOLD
COMEX
APR
1227.10
1207.60
-1.59
Soya
CBOT
MAR
Cent per Bushel
990.50
1007.75
1.74
SILVER
COMEX
MAR
17.29
16.38
-5.28
Maize
CBOT
MAR
Cent per Bushel
387.25
389.75
0.65
LIGHT CRUDE OIL
NYMEX
MAR
52.78
51.16
-3.07
NATURAL GAS
NYMEX
MAR
2.80
2.83
1.07
CPO
BMD
APR
MYR per MT
2285.00
2300.00
0.66
Sugar
LIFFE
MAR
10 cents per MT
382.80
387.30
1.18
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