Loading…
A research note reports that India exported 0.72 lakh tonnes of wheat in April-May 2017, down from 1.09 lakh tonnes a year earlier, while imports rose to 2.18 lakh tonnes from zero. The analyst expects 2-3 million tonnes of imports in 2017-18 and lower exports because Indian prices are above those of other major exporters.
A swing from exporter to importer adds demand to the global wheat market, which is supportive for world wheat prices.
linkedin.comSonal KhattriJul 20, 2017After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% 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.
