India's government approved exports of 2.5 million tonnes of wheat and an additional 0.5 million tonnes of wheat products. The government said private wheat stocks are about 7.5 million tonnes, roughly 3.2 million higher than a year earlier, and central pool stocks are projected at about 18.2 million tonnes on April 1.
Lifting a four-year export ban adds Indian wheat to world supply, which is bearish for global wheat prices. Feed buyers may see slightly softer wheat values, though the volume is modest against world trade.
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.
After 15 past bearish policy events, KWHEAT moved a median -1.6% over 5 sessions (40% higher; middle half -3.7% to +3.1%), and +3.1% 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.