
The Indian government has decided to delay lifting its wheat and wheat product export ban, according to people familiar with the matter. The decision is driven by concerns about retail food inflation ahead of state elections and the festival season.
Continued Indian export restrictions keep a large potential supplier out of world wheat markets, which supports global 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.