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India's wheat sowing area as of January 8, 2021 was 335.46 lakh hectares, up 2.67% year on year. Winter rainfall was well above average, and the market was in backwardation with spot prices above futures.
Steady acreage and good moisture point to a stable Indian crop, so domestic wheat prices are likely to hold steady with little direct impact on world feed grain prices.
bloguat.agribazaar.comJan 19, 2021Not enough comparable past events yet for a historical read.
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.
