Commodity picks: 16 November, 2020

Soybean is trading at Rs 4,460 per quintal at the benchmark Indore markets; Seed prices at Deesa market are expected to trade towards Rs 4,570 – Rs 4,550 per quintal

Topics
Soybean | Soybean prices | castor seed

Soybean

Soybean is trading at Rs 4,460 per quintal at the benchmark Indore markets. During the week ahead, prices are expected to extend the firm tone and head towards Rs 4,480 and Rs 4,500 per quintal. Positive crush margins and declining farm arrivals are expected to keep the undertone bullish for soybean. Further supporting prices are bullish cues from global markets.

Castor seed

Seed prices at Deesa market are expected to trade towards Rs 4,570 – Rs 4,550 per quintal from current levels of Rs 4,650 per quintal on the back of subdued demand at higher price levels. Lower export demand ahead of winter season will also weigh on castor seed prices.


Prerana Desai, Research head, Edelweiss Agri Services and Credit

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, November 15 2020. 23:59 IST

read the full story about Commodity picks: 16 November, 2020

#theheadlines #breakingnews #headlinenews #newstoday #latestnews #aajtak #ndtv #timesofindia #indiannews