 "Commodity picks: June 25, 2018")
Soybean
Soybean prices at the benchmark Indore market are trading at Rs3,547 per quintal. During the week, prices are expected to trade with a downward bias considering the forecast ofprogress on monsoon and higher acreage expectations. Prices are expected to head towards Rs3,500 per quintal.
Castor seed
Castor seed prices are expected to trade higher towards Rs4,180 per quintal at Deesa market from current levels of Rs4,130 per quintal. Lower supply amidst decline in arrivals is likely to support the prices in the short term. Higher year-on-year oil exports is also likely to support the prices.
Prerana Desai, VP-Research -Edelweiss Agri Services and Credit, Edelweiss Agri Value Chain
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