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The South Asian Climate Outlook Forum forecasts normal southwest monsoon rainfall for June to September 2018 over most of South Asia, with above-normal rain likely in parts of east-central India and below-normal rain in some southern, northwestern and northeastern areas. The forecast cites a prevailing weak La Niña giving way to neutral conditions.
A normal monsoon supports India's kharif rice, pulses and oilseed crops, keeping export supply expectations steady and limiting upward pressure on rice prices.
wmo.intApr 20, 2018After 27 past bearish weather events, Rough Rice moved a median -1.6% over 5 sessions (37% higher; middle half -3.4% to +1.1%), and -1.3% over 20.
After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% 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.
