
Indian farmers are expected to harvest record wheat of 108.75 million tonnes and record rice of 121.46 million tonnes this year. Rice output estimate was raised from 120.32 million tonnes in February.
Upward revisions to record Indian crops point to larger export-capable supplies of rice and wheat, which weighs on global prices.
After 87 past bearish report events, Rough Rice moved a median +0.0% over 5 sessions (53% higher; middle half -2.1% to +2.4%), and +1.1% over 20.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), 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.