Daily Commodity Pointer
25th October 2016

Tracking Market
Oct 24 2016 ClosePrevCloseAbsChange
$ / Re.66.8466.88-0.03
Euro / $1.08751.0884-0.0009
Light Sweet Crude Oil50.5250.85-0.33
Gold $ / OZ-1265.001266.70-1.70
Silver $ / OZ-17.5917.530.06
$ / Yen104.22103.800.42

On Oct 25 2016
Events ETISTForecastPrev
CB Consumer Confidence10.0019.30101.5104.1
IBD/TIPP Economic Optimism10.0019.3047.646.7
Richmond Manufacturing Index10.0019.30-5-8

Commodity LTPT1T2SLMarginTick
Crudeoil3355 338534003330291001

  Pivot Point - Agri/Non-Agri

Oil prices dip on OPEC squabbles ahead of planned production cut
Oil prices dipped early on Tuesday over disagreement within producer cartel OPEC on who should cut how much production in a planned coordinated reduction to prop up prices.
Gold prices fall in Asia as stronger dollar, Fed rate views weigh
Gold prices dipped in Asia on Tuesday with the dual combination of a stronger dollar and rising expectations of a Fed rate hike by the end of the year keeping sentiment downbeat.
Dollar firm near nine-month high on Fed rate outlook
The dollar held near nine-month highs against a basket of major currencies on Tuesday as solid U.S. manufacturing activity and comments from a Federal Reserve official cemented expectations of a U.S. rate hike by year-end.
Base Metals
Copper exports from Las Bambas in Peru to resume as protest ends -MMG
Copper shipments from MMG Ltd's Las Bambas mine in Peru should resume in late October or early November after the government revived talks with Andean towns blocking transportation on local roads, the company said Monday.
Agri Commodity
Rising arrivals weigh on soya
With mandis opening here after two days of holidays, rise in arrival of new crop today dragged soyabean to ?2,900-2,950 a quintal.
Pepper steady on industrial buying
Availability of imported pepper and exchange-released pepper in the consuming markets has slowed down domestic demand for farm grade material.
Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 1929.58 crores, whereas MCX recorded a total traded turnover of Rs. 24629.46 Crores on 24th October 2016.
Ventura Commodities Ltd.
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