Soyabean
Soyabean prices in the Indore spot market are trading at Rs 2,995 a quintal. In the coming days, prices are expected to head towards Rs 2,950. Soyabean crush margins are negative, which could slow demand from processors. Further, demand for derived products are also subdued, which could keep sentiment weak. Owing to record production this season, stocks are high and will keep prices under pressure.
Barley
Barley prices are trading at Rs 1,670 a quintal and are expected to trade lower towards Rs 1,500 a quintal in the coming weeks, following pressure due to seasonal arrivals. However, lower stocks with small maltsters would limit the price fall.
Prerana Desai, V-P (research), Edelweiss Agri Services and Credit, Edelweiss Agri Value Chain