
Indian farmers are holding soybeans after government measures pushed local soybean futures down to around 5,200 rupees in late October. Prices have since recovered to about 6,600 rupees, still more than a third below early August levels.
Farmer holding and reduced Indian soybean supply can support local prices, while government price-suppressing measures limit import demand for soybean products.
After 554 past neutral policy events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 206 past neutral policy events, SBM moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% 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.