Loading…
India harvested a record wheat crop, worth over $26 billion, but labor shortages and lockdown restrictions are hampering harvesting, bagging and sales. Farmers face wet-weather risk and wholesale markets are operating with skeleton staff.
Slow movement and sales of a record crop could pressure domestic wheat prices and delay supplies to market, while the record size keeps export availability ample.
livemint.comReutersMay 15, 2020After 137 past bearish logistics events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.0%), and +0.0% 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.
