Agri Commodities Review: Mustard Gains, Hefty Correction In Wheat And Jeera

Domestic agri commodities are likely to fully focus on monsoon now. Media reports noted today that fresh monsoon clouds having developed over the East-Central Arabian Sea, some way off the Kerala ad Karnataka coasts. The monsoon has now covered entire Kerala, most parts of coastal Karnataka, more parts of South Interior Karnataka, and interior Tamil Nadu.

Wheat and Jeera futures fell almost 1% for the benchmark deliveries. However, some gains emerged in Guar complex after the futures slipped to contract lows yesterday.

Coriander fell heavily for far month contracts owing to monsoon. Chana slipped a bit but poor arrivals capped the losses.

Mustardseed futures gained notably after testing around three week lows.