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USDA projects India could export at least 2 million tonnes of wheat in 2026/27, up from 0.25 million previously, after the government lifted its 2023 export ban. USDA also cut global 2026/27 wheat production to 819.1 million tonnes, with large reductions for the US, EU, Argentina, Australia and Canada.
Lower production among major exporters tightens global wheat supply and supports prices, partly offset by a larger Indian export contribution. The net price implication is supportive for wheat.
thehindubusinessline.comSubramani Ra MancombuMay 13, 2026After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
After 180 past bullish report events, Wheat (HRW) moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.7%), and -0.6% over 20.
Not enough comparable past events yet for a historical read.
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.
