
Indian rice prices are rising due to lower rainfall and expectations of reduced yields from the paddy crop being harvested. Reduced fertiliser use linked to the West Asia conflict is also weighing on output.
Demand for broken rice from ethanol and poultry-feed makers is adding further pressure, and maize prices have risen sharply.
Lower Indian output and strong feed demand for broken rice and maize tighten supplies for feed manufacturers and push up their input costs. Higher maize prices also support feed grain values more broadly.
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.
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.
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.