After India's Driest August In Over 100 Years, More Grain Export Curbs Likely

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.

• Oct 11, 2023Asia Rice Market Braces for More Stress From El Niño After Export Curbs - Bloomberg-0.1%
• Aug 28, 2023India on track for lowest monsoon rains in 8 years -sources+6.2%
• Aug 18, 2023Exclusive: India faces record low August rains, threatening summer crops | Reuters+1.2%
• Sep 17, 2026India rice output faces biggest drop in two decades, stocks cushion exports | Reuters+3.0%
• Dec 26, 2023Global 2024 staple food supplies to be strained by dry weather, export curbs | Reuters+1.4%

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.

• Nov 21, 2019Drought Forces Lowest Australian Grain Harvest in More than Ten Years - The Lucas Group+0.7%
• Dec 1, 2023Australia: Widespread downgrades likely after rain+1.0%
• May 2, 2024Ukraine's grain exports to drop in MY 2024-25 amid lower supply, smaller output estimate+2.1%
• May 15, 2019Australia considering first wheat imports in 12 years | 2019-05-15 | World Grain+11.2%
• Aug 20, 2020IRI – International Research Institute for Climate and Society | August Climate Briefing: La Niña Seeming More Likely+3.1%

After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% over 20.

• Aug 12, 2021'Once in 100 years' drought seen affecting Argentine grains exports into next year+0.4%
• Aug 28, 2023India on track for lowest monsoon rains in 8 years -sources-1.5%
• Aug 18, 2023Exclusive: India faces record low August rains, threatening summer crops | Reuters+3.5%
• Jun 13, 2023Argentina soy, corn trucks entering key grains port at 22-year low+4.3%
• Aug 4, 2023Quality worries in Europe as rain stalls harvest: Grain market daily | AHDB-3.8%