Wheat futures on the NCDEX (National Commodity & Derivatives Exchange, India) have reached an all time high on wednesday of Rs 1,010 and traders appear to be backing soft commodities this year.
The Economic Times says -
If you bought wheat bags today, a closer look at December futures shows that the market would be willing to pay just a tad over your full carrying costs for the next nine months.
Continue reading at The Economic Times…