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Money Doesn’t Come Without Guidence ...

The Market Xpress – Corn over Cotton

Dear All,


Ambiguity may set in!


What is important is to keep learning, to enjoy challenge, and to tolerate ambiguity - Martina Horner


The love-hate relationship with tech shares continues on Wall Street and for now investors have chosen to lap up technology stocks after shying away from them recently. US indices staged a decent rally and Asian markets too are seeing a positive rub-off. Chicago Fed President Charles Evans said the Fed could be done raising interest rates this year, a report stated. The Indian market is set for a smart start. Profit booking could set in later in the day. The IPO market is seeing very healthy signs with the initial public offer of Central Depository Services (India) Ltd (CDSL) getting fully subscribed on the first day of bidding. The Eris Lifesciences issue is also gaining interest.


CROP CUES: Corn over Cotton


In 2016-17, Cotton was the only major agricultural commodity which was remunerative to farmers. In 1 year period ending 16 June 2017, ICE Cotton prices rose near 12% vs. fall of 10% in CBOT Corn prices over the same period. As a result, global Cotton acreage is likely to increase and that of Corn is likely to decrease in the 2017-18 season. CBOT Corn may outperform ICE Cotton on change in fundamentals for the new crop and on likely unwinding of bearish and bullish speculative positions in Corn and Cotton contracts respectively.



Happy Investing!

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