
A severe drought affects 74% of Maharashtra's talukas, causing failed maize, sorghum and Napier grass crops. Cattle feed prices have risen 20-30%, sorghum straw prices have more than doubled, and milk yields per animal have fallen 30-50%.
Failed local fodder crops raise regional feed demand for imported corn, sorghum and meal, which supports prices. Lower milk output and forced livestock sales point to tighter dairy supply in Indian markets.
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.
Not enough comparable past events yet for a historical read.
After 42 past weather events, Milk (Class III) moved a median +0.2% over 5 sessions (52% higher; middle half -0.9% to +2.5%), and +2.0% 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.