Commodity picks: 28 September, 2020

Wheat
 

Wheat is trading at Rs 1,786 per quintal in Delhi. The prices is expected to trade lower towards Rs 1,700 per quintal in a couple of weeks following record stocks across the value chain and subdued demand in the open market.
 

Soybean
 

Soybean is trading at Rs 3,908 per quintal at the benchmark Indore markets. For the week ahead, the price is expected to see mildly bearish trend amid pressure because of new crop arrival. The price is expected to head towards Rs 3,860-3850 per quintal.

Prerana Desai, Research head, Edelweiss Agri Services and Credit