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India's government allowed wheat exports without conditions, moving the grain from the restricted to the free export category after four years. The order also covers wheat products such as atta, maida, semolina and wheat flour, and takes effect immediately.
Removing the quantity framework opens India's large wheat crop to world buyers, which adds bearish pressure on international wheat prices.
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.