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India's 2021-22 wheat exports are expected to fall about 10% from the record 2020-21 volume, according to sources. Localized lockdowns are propping up export prices, and Russian export taxes and quotas are limiting Indian sales.
Lower expected Indian wheat exports reduce supply to Asian buyers and support wheat prices, though Russian export policy is the bigger driver.
spglobal.comJun 3, 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.
