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India says it has sufficient grain stocks and could sell wheat on the open market. The report recounts the earlier wheat export ban and the subsequent rice export restrictions.
Possible open-market wheat sales would add supply to the market, but the scale is unclear, so the impact on prices is limited.
reuters.comMayank BhardwajOct 18, 2022After 137 past neutral policy events, WHEAT moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% 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.
