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A new hybrid wheat variety, Karan Vandana (DBW-187), is set for national launch after strong trial yields of 7.8-8 tonnes per hectare versus 6-6.5 for normal varieties. Wheat stocks are already oversupplied, so the wider supply could push prices down.
Higher-yielding wheat in an already surplus Indian market would weigh on domestic wheat prices and reduce import needs, a mildly bearish signal for wheat.
thehindubusinessline.comRajalakshmi NirmalSep 15, 2019After 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.
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.
