Forecast for widespread rains in many parts of the country supports the agricultural commodities market sentiments.
Please note that the crops like Mustard seed, and Gram are ready for harvesting.
In Fact in many parts harvesting is underway.
Rains may delay process of harvesting. There is possibility of hailstorm in some patches, it may also damage the crop to some extent.
Below is the weather warning issued by the IMD on 13 March 2015.
Thus, it appears that some upside movement in Wheat, Gram (Chana), Mustard seed, edible oils and soybean may be seen in near future.
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