
India will keep its wheat export ban in place even if government procurement exceeds its 31.3 million tonne target. Officials say the priority is rebuilding buffer stocks to a comfortable level so it can sell 6-7 million tonnes in the open market if needed.
A continued Indian export ban keeps a large potential supplier off the world wheat market, supporting global wheat prices and sustaining demand for other origins.
After 182 past bullish policy events, Wheat (SRW) 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, Wheat (HRW) 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.