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Indian farmers planted wheat on 15.3 million hectares as of late November, up nearly 11% from a year earlier, as record wheat prices encouraged planting. Rapeseed area also rose to 7.1 million hectares, and the government is weighing whether to lift the May wheat export ban.
Larger Indian wheat area points to a bigger crop and a possible easing of the export ban, which would add supply to global wheat markets and weigh on prices.
ukragroconsult.comNov 28, 2022After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
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.
