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A S&P Global Platts survey of analysts projects India's 2021-22 wheat harvest at 110 million tonnes, up from 108 million a year earlier. Higher yields are expected to offset a 3.5% fall in planted area.
Winter rains were well above average.
A larger Indian crop lowers the country's need for imports and may keep export availability steady. This is a modest bearish factor for world wheat prices.
ukragroconsult.comFeb 4, 2022After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), 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.
