A USDA Foreign Agricultural Service report says Indian wheat and rice exports are at multi-year highs, with record rice exports forecast for 2020/21. Tighter supplies from competitors and export restrictions elsewhere have made Indian grain price competitive.
Strong Indian export availability and competitive pricing add supply to global rice and wheat markets, which weighs on export prices for competing origins.
After 141 past bearish trade events, Rough Rice moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% over 20.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% 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.