Foodgrains at all-time high, pressure on procurement

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.

• Jan 28, 2019Record foodgrain production, procurement in 2018-19: Paswan+0.1%
• Feb 18, 2020Foodgrain production set to touch a record high - The Hindu-0.9%
• Nov 28, 2024Wheat markets fall: Harvest pressure from Argentina and+0.2%
• Aug 7, 2020High wheat production ensures Australia’s grain security in COVID era - Grain Central-1.3%
• Aug 15, 2017Industry doubts on high USDA grain production figures | Farm Online | ACT-4.4%

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.

• Jan 28, 2019Record foodgrain production, procurement in 2018-19: Paswan-0.2%
• Mar 1, 2019Foodgrains production may fall 1%: Agri Min+1.4%
• Feb 18, 2020Foodgrain production set to touch a record high - The Hindu+0.3%
• May 16, 2018Foodgrain production at record 279.5 million tonnes in 2017-18-1.2%
• Sep 26, 2018Kharif food-grain output to be record high, show initial government estimates - The Economic Times+3.9%