Supply Pressure And Higher Carryout Weigh On Cash Markets

Castorseed futures trades under pressure as stakeholders have trimmed their position in recent weeks and they are  not taking fresh position on getting weak clues from national and international markets.Higher carry out for 2015 and comparatively lower demand at this point of time remains the price limiting factors to the cash market fundamental.Lower demand  from planters  for seed with incoming new crop weigh on market right now. Overall view on cash market remains bearish.