Loading…
Industry officials told Reuters that India's wheat output could hit a second straight record in 2020. The wettest monsoon in 25 years, with rainfall about 10% above average, is expected to expand planted area and lift yields.
Reservoirs were at 86% of capacity.
A larger Indian crop adds to already swelling stocks and may lead to more government procurement and export incentives, weighing on world wheat prices.
producer.comRajendra JadhavDec 4, 2019After 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.
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.
