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India's government notice allowed exports of some categories of wheat and wheat flour, as reported by Reuters. The notice followed the government's broader easing of its export restrictions.
Easing India's wheat export curbs adds supply to world markets, which is bearish for 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.