India's expanded government wheat auctions eased domestic spot wheat prices by roughly US$0.63-0.74 per quintal in selected markets. CBOT wheat settled near 603-604 USc/bu from October 30 to November 1 while Black Sea and European export quotes were slightly weaker.
Larger Indian tender volumes add availability in a well-supplied market, reinforcing a soft global wheat tone. Feed wheat demand from India may be affected but the effect on world prices is limited.
After 122 past bearish policy events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +1.2%), and +0.4% over 20.
After 15 past bearish policy events, Wheat (HRW) moved a median -1.6% over 5 sessions (40% higher; middle half -3.7% to +3.1%), and +3.1% 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.