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Analysts disagree on how a third consecutive La Niña will affect crops in India and Australia. Olam expects a strong Indian monsoon and bumper wheat crop, with exports of 4.5 to 5 million tonnes in 2022-23.
World Weather Inc. says this La Niña will be much weaker than the previous two.
Expected strong Indian wheat exports would add supply to world markets and help cap wheat prices. A weaker-than-usual La Niña reduces that upside.
ukragroconsult.comJun 14, 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.
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.
