Soyabean

Soyabean on NCDEX settled down by -1.65% at 3213 on hope of higher yeild in global market and on weak soymeal demand in domestic market. Soybean prices slipped as output is estimated to be higher than the last year to stand near 8.50 to 8.70 million tons. The United States Department of Agariculture (USDA) in its grain report has projected India's 2016-17 soybean production at 11.5 million tons up from its' previous forecast of 11 million. Good seasonal rains and normal growing conditions are cited behind the increase.

                                      Natural gas             
Naturalgas on MCX settled down -1.22% at 178.40 in the line of expectation fell for the fifth time in seven sessions Wednesday as traders looked ahead to fresh weekly information on U.S. gas inventories to gauge the strength of demand for the fuel. Meanwhile high pressure will dominate the southern and eastern US this week with temperatures warming into the upper 80s to lower 90s, including across major cities from Chicago to NYC. Hermine will push away from the NE coast with winds decreasing.

                                       Cotton
  Cotton on MCX settled down by -0.25% at 19870 due to sluggish demand from traders and stockists in the spot market. Though, some losses were capped on reports of damage due to Tropical Storm Hermine came in from major growing regions in the US. In its first estimate, the Cotton Association of India (CAI), the apex trade body of the fibre crop, has pegged the output for the year starting October 2016 at 336 lakh bales of 170 kg each. As per latest estimate by government, cotton is planted in 102 lh in the country, down by 10.7 % against 114.2 lh last year as on 02 Sep. 

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