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Commodity picks: 9 November, 2020

Soybean is trading at Rs 4,406 per quintal at the benchmark Indore market; Barley in Jaipur is trading at Rs 1,450 per quintal

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Prerana Desai
Soybean

Soybean is trading at Rs 4,406 per quintal at the benchmark Indore market. For the week ahead, soybean is expected to exhibit bullish trend amid firm global cues and strong demand from domestic processors and traders. The price is expected to head towards  Rs 4,460 - Rs 4,480 per quintal.

Barley

Barley in Jaipur is trading at Rs 1,450 per quintal. The price is expected to trade higher towards Rs 1,500 per quintal. Lower stocks and steady demand will support the price.


Prerana Desai, Research head, Edelweiss Agri Services and Credit