Loading…
Indian farmers are on track to harvest a record 109 million tons of wheat in 2021 while continuing protests against farm laws. Reuters reports that experts see a more flexible export policy as a way to manage large inventories.
A record Indian wheat crop raises the chance of larger exports if policy loosens, which would weigh on world wheat prices; the protests add some logistics uncertainty.
rappler.comReutersApr 29, 2021After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% over 20.
After 70 past bearish weather events, Wheat (HRW) moved a median -0.6% over 5 sessions (41% higher; middle half -3.9% to +2.5%), and -1.1% 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.
