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India's first advance estimate projects record kharif food-grain output of 141.59 million tonnes for 2018-19, up 0.61% from last year. Rice, sugarcane and oilseed output is expected to rise, while coarse cereals, pulses and cotton are forecast to fall.
A larger Indian rice crop adds to export supply and weighs on global rice prices, though these are preliminary estimates.
economictimes.indiatimes.comMadhvi SallySep 26, 2018After 87 past bearish report events, Rough Rice moved a median +0.0% over 5 sessions (53% higher; middle half -2.1% to +2.4%), and +1.1% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
