
India's government rice stocks reached a record high at the start of June, and wheat inventories hit their highest level in five years following strong farmer procurement. Dealers said the ample rice stockpile gives New Delhi confidence to keep exporting despite below-normal rainfall forecasts.
Large Indian rice and wheat reserves add export supply on the world market and make a sharp price rise less likely, even with El Niño risk. Rice and wheat prices may stay soft.
After 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 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), 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.