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Indian wheat exports have stalled over recent weeks as pandemic shutdowns closed key grain markets in Madhya Pradesh and Rajasthan and created bottlenecks at ports including Kandla, Mumbai JNPT and Visakhapatnam. Traders report tighter open-market supply and rising prices, with about 200,000 mt of deals signed for shipment mainly to Bangladesh and Nepal.
Logistical disruption and tighter Indian supply could limit export availability and support wheat prices in the near term.
cphibiz.comMay 24, 2021cphibiz.comMay 25, 2021After 283 past bullish logistics events, WHEAT moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% over 20.
After 230 past neutral logistics events, SOY moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% over 20.
After 167 past bullish logistics events, SBM moved a median +0.5% over 5 sessions (54% higher; middle half -1.8% to +2.9%), and -1.2% over 20.
After 13 past bearish logistics events, SBO moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +3.0%), and +0.3% 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.
