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India's meteorological department lowered its June-September monsoon forecast to 90% of the long-term average, with a 4% margin of error, from 92% in April. The forecast reflects a likely El Niño pattern that is expected to reduce rainfall during the season.
A weak monsoon threatens Indian rice, sugar and cotton output and raises the chance of Indian export curbs on farm commodities. That supports prices for rice and sugar and adds upside risk to global grain markets.
financialpost.comBloomberg NewsMay 29, 2026After 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% over 20.
Not enough comparable past events yet for a historical read.
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.
