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India lifted its wheat export ban with immediate effect, according to notifications issued Monday by the Directorate General of Foreign Trade. The change also covers durum wheat and builds on a February decision that allowed limited shipments.
Reopening India's wheat exports adds supply to a world market that is already tight, which should weigh on global wheat prices and ease buyers' supply concerns.
After 122 past bearish policy events, WHEAT moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +1.2%), and +0.4% 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.