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USDA reports Indian rice and wheat exports at their highest in several years, with record 2020/21 rice exports, supported by tighter competitor supplies and export bans in Southeast Asia. A new deep-water port in eastern India is allowing larger vessel loadings.
Expanded Indian export capacity and market share add supply to world rice and wheat trade, which limits upside in export prices.
world-grain.comEric SchroederAug 10, 2021After 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.
