
India’s 2027 rabi sowing is behind last year’s pace in key northern states after uneven monsoon rainfall left soil moisture low. The meteorological department has warned of a stronger El Niño, raising concerns about winter rain and yields, while central foodgrain stocks stood at 87 million tonnes on November 1.
Drier conditions could reduce India’s wheat and oilseed output, tightening domestic supplies and supporting prices. Large foodgrain stocks may cushion the impact.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
After 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% 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.