Guar complex were seen stuck up in narrow range where prices were seen traded in narrow range between Rs. 2125/quintal- Rs. 2190 for October contract.

Wheat was outperformer during last week moved up but due to weak international prices on Friday finally prices succumbed under pressure and went down in Saturday's trading session. Chana continues to trade weak in line with guar and edible complex.

Slack export demand for Guargum and revival in monsoon seems to be adding selling pressure in guarseed and guargum. Sentiments are not very bullish at this juncture for Guarseed.

Wheat future prices were seen trading below spot prices but futures prices corrected in line with correction in international prices. USDA report indicated higher carry forward stock which is slightly negative in near term.

Chana today arrivals at Delhi were 5000-6000 bags and spot prices were trading at Rs. 2270/quintal. Rumors of The government intervention are keeping check on the upside in Chana futures.

Disparity between spot and futures may encourage buying in near month contract from arbitragers and selling in spot. So Chana prices may trade in thin range during the expiry tenure.

We expect sideways to down movement in Guar complex and wheat prices may trade soft during the day and Chana prices likely to trade sideways to up after sharp fall we have seen during last week.