
India's 2026 southwest monsoon ended 13 percent below its long-period average, the fourth-lowest summer rainfall since 2001. Reservoir storage was 71.84 percent of capacity on October 1, below both last year and normal, and a USDA attaché report expects rabi sowing to shift toward drought-tolerant crops.
Weak monsoon rains and low reservoirs can reduce winter crop area and yields in India, tightening domestic grain and oilseed supplies. Shifts toward drought-tolerant crops could also change feed grain availability.
After 2,467 past weather events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +1.7%), and +0.6% over 20.
After 1,964 past weather events, Soybeans moved a median +0.1% over 5 sessions (51% higher; middle half -1.7% to +1.8%), and +0.3% over 20.
After 1,773 past weather events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +2.1%), and +0.2% over 20.
After 361 past weather events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +1.3%), 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.