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CPO settled flat at 432.50 once recovered on concerns about unfavorable weather in comparative oil-producing countries and as traders cited nervousness in an oversold market. Also floods in India, the world's fifth-biggest producer of soybeans, also supported sentiment for palm oil. Further, lower arrivals from the major producing areas too supported crude oil prices. Prices also seen supported tracking firmness in overseas prices as the government's move to exempt the commodity from export taxes buoyed expectations of a recovery in exports.

Ref. Soya oil settled up at 613.35 as support seen from the prospective decline in Argentine and Brazilian soya oil exports by 15% from last year in Sept/Dec 2014 also steady demand supported the prices ahead of festive season. Prices are rising as soybean planting finished by early August due to late monsoons. The late arrival of this year's monsoon in the main soybean growing areas of Madhya Pradesh and Maharashtra states will push back planting of the crop by more than three weeks.

Aluminium settled down -0.91% at 124.95 in the wake of disappointing trade data from China which ignited concerns of slower Chinese growth. Meanwhile, a strong US dollar continued to pressure aluminium prices. Chinese Premier Li Keqiang said at the Davos Forum that employment is of top concern for the Chinese government. Market considered it a sign that the Chinese government will not introduce further stimulus for the foreseeable future, and worried China may fail to achieve the 7.5% growth target this year.

Naturalgas settled up 3.87% at 244.10 as prices shot up after updated weather-forecasting models called below-normal temperatures to sweep across the northern U. S. and prompt households to crank up their heating. Thermal power plants may burn more natural gas this week to meet demand from households in the northern U. S. turning on their heaters. The southern and western U. S., meanwhile, will continue to see seasonably warm weather, which should hike demand for air conditioning, also bullish for natural gas.

Jeera settled down by -0.32% at 10945 on sluggish demand from overseas buyers coupled with comfortable supplies may mount downside pressure on the prices. Jeera prices opened at 11035 against last day's closed at 10980 and again dropped to test 10940 before closing at 10945, overall traded in the range as rains in Gujarat adversely affected the trading aspects. Until rains stop, the demand may not pick up strongly. Also with sowing of the new crop to start next month, rains would be beneficial for the crop sowing as that increases the moisture content.

Turmeric settled flat at 6378 failed to recover after the prices slipped on Monday due to sluggish local and export demand also higher stocks and better crop prospects continued to weigh on the market sentiments. Up till now turmeric prices had correction nearly -8% in last 1 months fallen a lot however, traders anticipate further fall may be limited. But lack of strong demand is also keeping uptrend limited. However, with demand from North India and Export demand expected to rise in coming weeks, it can support the prices to some extent.