Markets are trading flat to lower in the major markets yards. The cargo quality coming in the markets is the major reason for this price fall. Telangana government has covered 35000 Mt cargo @ MSP and it will be seen if Karnataka and Maharashtra govt will step into buying @ MSP as was quoted by its elected leaders. The Industry margin both for Poultry (Integration players) and Wet corn millers continues to be positive making it very interesting to look from current levels. Port buying is also featuring but centring around good quality cargo to procure. Destination market levels are as below
Tamil Nadu :- Trucks 1550-1600,
Bangalore :- Trucks 1480-1500
Hyderabad :- trucks 1520-1560
Bihar :- 1430-1630 (Good Quality).
North :- 1540-1560
Sangli : -1475-1500
Vizag delivered levels are 1530-1550 and so are for Krishnapattanam.
No trades, nothing to report.
International Market :-
Cbot is trading higher post Thursday USDA report. The markets are trading in a narrow range and expects to trade till the month end in a similar manner as books are getting close and USDA will report any changes in the Jan 2021 only. Till then we will also have a clear picture of South American weather and its impact on the market. At the moment US is the cheapest price origin. Cbot contract is trading at 426.3 cents/bushel as of this report writing. We might see levels improve in the next couple of days. Indian values are still looking competitive for Bangladesh and we will have to see how railway rake quota for 20-30 and for next month are there.
Sensex and Nifty :-
Sensex and Nifty are trading marginally lower by 59 and 15 points as of this report writing, Rupee is trading at 73.54 at the moment appreciating by 20 paise from the previous day close.