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Indian rabi crop sowing covered about 390 lakh hectares, 1.5% below last year's pace. Wheat area was 7.5% lower at 156.8 lakh hectares, while pulses and rice acreage rose.
Lower Indian wheat plantings could reduce domestic output and support prices, which may lower import needs.
thehindubusinessline.comThe HinduBusinessLineDec 1, 2017After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), 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.
