Markets To Watch Today

Grains: India's June to September monsoon season is critical for summer planting of rice, oilseeds, coarse cereals, sugar cane and cotton. India's weak rainfall have forced some farmers in India to hold off sowing crops in groundnut, soybean, and rice. Although, monsoon season arrived ahead of schedule and did produce 68% above normal rainfall, it has weakened. The India Meteorological Department has said there is nothing unusual about this weakening. India's overall food-grain production has fluctuated between 174 million and 213 million tons in the past decade depending on their monsoon season.