
Indian government data show rice stocks up 18% year on year at a record for early June, at 59.5 million tonnes, and wheat stocks near 37 million tonnes, the highest in four years. Authorities plan a $15 billion program to add 70 million tonnes of grain storage.
Very large Indian rice and wheat stockpiles signal ample export availability, which is bearish for world grain prices.
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.