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IGC figures put India's 2016-17 total grains production at 136.2 million tonnes, up from 124.6 million. Wheat output is forecast at 93.5 million tonnes and maize at 25 million.
Grain imports are projected to rise to 3.4 million tonnes, with wheat imports jumping to 3 million tonnes.
Larger Indian production trims import needs for maize and sorghum, but a sharp rise in wheat imports adds some demand for global wheat exports.
world-grain.comChris LyddonJan 12, 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.
Not enough comparable past events yet for a historical read.
After 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.
