Loading…
India's Economic Survey projects farm sector growth of 4.1 percent for 2016-17, up from 1.2 percent, helped by a near-normal monsoon after two drought years. Rabi sown area is up 6 percent year on year.
Demonetisation weighed on the cash-intensive farm sector.
Stronger Indian crops reduce import pressure on coarse grains and oilseeds, mildly bearish for global feed grain demand from India.
thehindubusinessline.comThe HinduBusinessLineJan 31, 2017After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
