# Monsoon rainfall drops further, endangering summer crops

> India's monsoon rainfall is 9 percent below normal, with key grain-producing states nearly a quarter short, raising concern over summer-sown crops such as rice, cotton, corn and soybean. Reuters notes the deficit could lift food prices and inflation.

- Date: 2018-09-24 · published 2018-09-24T12:00:00.000Z
- Category: weather · region India · magnitude medium
- Page: https://feedsoft.ai/events/62999-monsoon-rainfall-drops-further-endangering-summer-crops
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A weaker Indian kharif crop could reduce domestic supply of rice and corn and push India toward more imports, supporting world prices for those grains and soybeans.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- RICE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| RICE | 2018-10-03 | 5 | +10.2% | 3.3 | India's 9% monsoon deficit, with key grain states about a quarter short, raised supply worries for rice and other crops, which supports a price rally in the days before Oct 3. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2019-08-14 | [What The Current Late Monsoon Rainfalls Mean For India’s Agriculture](https://feedsoft.ai/events/57554-what-the-current-late-monsoon-rainfalls-mean-for-india-s-agriculture.md) | -4.1% | +3.4% |
| RICE | 2023-08-18 | [Exclusive: India faces record low August rains, threatening summer crops \| Reuters](https://feedsoft.ai/events/34475-exclusive-india-faces-record-low-august-rains-threatening-summer-crops-reuters.md) | +1.2% | +4.4% |
| RICE | 2017-08-02 | [Erratic Monsoon Rains Threaten Key Indian Grain, Food Crops - AgriBusiness Global](https://feedsoft.ai/events/69408-erratic-monsoon-rains-threaten-key-indian-grain-food-crops-agribusiness-global.md) | -1.8% | -0.7% |
| RICE | 2024-08-29 | [Prolonged Monsoon Rains Threaten India’s Crop Outlook \| Headlines](https://feedsoft.ai/events/28729-prolonged-monsoon-rains-threaten-india-s-crop-outlook-headlines.md) | +2.3% | -1.4% |
| RICE | 2021-09-07 | [Agriculture: Monsoon is drawing to a close. Will the Gods show mercy on India's rain deficit](https://feedsoft.ai/events/45023-agriculture-monsoon-is-drawing-to-a-close-will-the-gods-show-mercy-on-india-s.md) | +2.0% | +3.6% |
| CORN | 2022-04-27 | [Counting Cows: Drought, Costs Will Drive Further Reductions - Drovers](https://feedsoft.ai/events/41786-counting-cows-drought-costs-will-drive-further-reductions-drovers.md) | -6.4% | -1.7% |
| CORN | 2020-06-19 | [Grain Traders Monitoring Rainfall Across Corn Belt \| Red River Farm Network](https://feedsoft.ai/events/52460-grain-traders-monitoring-rainfall-across-corn-belt-red-river-farm-network.md) | -2.4% | -0.2% |
| CORN | 2021-08-24 | [Dry weather risk for 2021/22 South American crops: Grain market daily \| AHDB](https://feedsoft.ai/events/45430-dry-weather-risk-for-2021-22-south-american-crops-grain-market-daily-ahdb.md) | -0.4% | -10.1% |

## Sources

- sg.finance.yahoo.com: https://sg.finance.yahoo.com/news/indias-monsoon-rainfall-drops-further-endangering-summer-crops-115508930.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.