Pre-monsoon started, how about the effect on the market

Monsoon will come by the end of this month, but the pre-monsoon rains in most parts of the country has begun. Especially in many parts of South India is constantly raining. According to the India Meteorological Department during next 24 hours in several areas of Karnataka, Kerala and Tamil Nadu, including heavy rain is expected. The last Madhya Pradesh, Gujarat and Haryana, Delhi and Maharashtra have also heavy rain. 

Good farming is seeing a decline in soybean than expected. NCDEX soybean prices have slipped below Rs 4,000. This week has seen a decline of about 10 per cent in soybeans. But wheat yields has proved over the untimely rains. This year, the lowest in the last 5 years, wheat yields are estimated. This year 9.3 million tonnes of wheat yields may remain. Castor today after last week's decline has accelerated. NCDEX Castor seed with 1 per cent is trading at Rs 3740.