# Commodity Outlook – Wheat | AgriBazaar

> 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.

- Date: 2021-01-19 · published 2021-01-19T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/49096-commodity-outlook-wheat-agribazaar
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

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.

## Read by commodity

- WHEAT: neutral

## Sources

- bloguat.agribazaar.com: https://bloguat.agribazaar.com/commodity-outlook-wheat-14/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.