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Indian traders have signed deals to export over 2 million tonnes of wheat for December-January, at about $325 per tonne FOB. The USDA raised its forecast for Indian wheat exports to 5.25 million tonnes from 4.5 million, citing competitive prices amid tight global supplies.
Large Indian wheat exports into South and Southeast Asia tighten global wheat supply and support world prices. Indian export pricing near Black Sea levels shows the global wheat market is firm.
thehindubusinessline.comSubramani Ra MancombuNov 25, 2021After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% 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.
