
India has reaffirmed its wheat export ban at the WTO, citing global price volatility and food security despite an expected record harvest of 115.4 million tonnes. Limited government-to-government exemptions remain available.
The continued ban keeps a large potential exporter off world markets, which supports wheat prices.
After 182 past bullish policy events, WHEAT moved a median +0.1% over 5 sessions (52% higher; middle half -1.9% to +1.4%), and -0.3% over 20.
After 37 past bullish policy events, KWHEAT moved a median -0.1% over 5 sessions (41% higher; middle half -3.4% to +2.0%), and -3.3% 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.