Pulse Market Insight #303

Faltering Monsoon Is Central to the Pulse OutlookFor pulse markets, few things matter more than the Indian monsoon and this year’s version has been erratic. June rainfall came in well below average, and while a burst of heavier rain in late June and early July briefly narrowed the gap, volumes dropped off sharply again right in the middle of the main planting window. Rainfall amounts picked up again in late July, but the cumulative monsoon rainfall is still running 16% below the long-term