Chana futures plunged 2% in yesterday's trading session. The calendar spread which was Rs. 176 on Monday reduces to Rs.
131yesterday between Sept and Oct Contracts.

Reduction of this spread was mainly on account of a notification coming from Rajasthan Government to revive its decision and allowing wholesale Chana traders to transact with other wholesaler Chana traders. Overall bearish sentiments in agro commodities also had adverse impact on Guar complex but wheat was trading firm yesterday.?

Chana arrivals were 7000-8000 bags today at Delhi market at Lawrence road, spot is expected to open at Rs. 2560, Rs, 5 lower from yesterdays closing spot. ? The spread between Chana Spot and Yellow peas Spot seems to widening and reached at Rs. 520-530 levels, this would in turn shift demand towards yellow peas till the time spread remains such huge between these prices. ?

The State Trading Corp of India Ltd has floated a tender to import 91,000 tonnes of pulses to be delivered in Oct-Nov, the state-owned company said on its website. The tender includes bids for 85,000 tonnes of yellow peas and 6,000 tonnes of pigeon peas or Tur. ?

World harvest for Hard Red Wheat and Soft Red Wheat in month august has increased 4.4 Million tonnes from last crop559.3 million tonnes half of that is contributed by EU-
27 biggest producer in the world i. e. 2.2 million tones with 138.5 million tones.

? Demand at Delhi market seems bleak on account of selling pressure but after sharp fall bargain hunting can't be ruled out. Wheat we maintain our bullish and our outlook for the day is buy at dips.