
Food inflation in India could reach around 10% in the December quarter, according to the report. The weakest monsoon in a decade, costly feed and a weaker rupee are pushing up grain, poultry and dairy prices.
A weak monsoon cuts domestic grain output and a weaker rupee raises the local cost of imported feed ingredients, supporting feed prices. Higher feed costs squeeze poultry and dairy producers and sustain demand for corn and meal.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% over 20.
After 32 past bullish weather events, Milk (Class III) moved a median +0.1% over 5 sessions (50% higher; middle half -0.7% to +3.4%), and +3.2% over 20.
Not enough comparable past events yet for a historical read.
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.