
India expects another month of above-average rainfall in September. Excessive rain could lead New Delhi to extend its existing curbs on exports of key farm commodities such as wheat, sugar and rice.
Extended Indian export restrictions would keep a major supplier of wheat, rice and sugar out of world markets, supporting global prices for these grains.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
After 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% 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.