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The USA Rice World Market Price Subcommittee held its May meeting by videoconference due to COVID-19 precautions. Members agreed USDA planting projections were on target and that the industry expects a larger 2020 crop than in 2019.
The group also discussed COVID-19 effects on global rice trade with USDA's Foreign Agricultural Service.
Expectations of a larger US rice crop point to more supply, which is mildly bearish for rough rice prices. The impact on feed markets is limited.
usarice.com14.05.2020Nach 87 vergangenen Ereignisse (bearisch, Bericht) bewegte sich Paddy-Reis im Median über 5 Handelstage um +0,0 % (53% höher; mittlere Hälfte -2,1 % bis +2,4 %) und über 20 Handelstage um +1,1 %.
Veränderungen des Benchmarks jedes Rohstoffs seit dem letzten Schluss vor dem Ereignis. Historische Werte bündeln frühere Ereignisse derselben Art; sie beschreiben, was passiert ist, nicht was passieren wird. Keine Anlageberatung.
Industry expectation of a larger 2020 US crop than in 2019 signals more supply ahead, which is bearish for futures.
