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India's SEBI extended its suspension of futures trading in soybean and derivatives, crude palm oil, wheat, paddy rice, chickpeas, green gram and rapeseed until January 31, 2025. The halt covers key farm commodities traded on Indian exchanges.
The extended suspension removes an Indian futures venue for these oilseeds and grains, limiting price discovery and speculative flows. Effects on world prices are likely modest but can shift Indian import and crush decisions.
reuters.comDec 19, 2024After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% over 20.
After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.
After 137 past neutral policy events, Wheat (SRW) moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
