
Early and ample monsoon rains are supporting key Indian crops including rice, wheat, sugarcane, soybeans and cotton. Bigger harvests could ease export curbs on sugar, rice and onions.
A strong monsoon raises the chance India loosens export restrictions on rice and sugar, which would add supply to world markets and weigh on prices.
After 27 past bearish weather events, RICE moved a median -1.6% over 5 sessions (37% higher; middle half -3.4% to +1.1%), and -1.3% over 20.
After 324 past neutral weather events, SOY moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% 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.