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USDA's February outlook projects India to keep its leading role in rice exports in 2019, supported by higher acreage and production. China is expected to cut rice imports while boosting exports, and Thailand's exports are forecast to fall significantly.
Russia is expected to top wheat exports in the year to June 2019.
Expanded Indian and Chinese rice supplies, along with lower Thai exports, point to ample global rice supply and softer prices. The wheat outlook confirms ample export competition from Russia, the US and Canada.
frontline.thehindu.comRamesh Chakrapani AI SummaryFeb 27, 2019After 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.
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.
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.
