More than 20 inches of rain fell in southwest Louisiana, causing historic flooding that affected a large number of parishes, with 29 requesting disaster declarations. An LSU specialist provided an early, speculative estimate of about $14.3 million in losses to the rice crop, excluding ratoon losses.
Losses in Louisiana rice are small relative to the global market, but the flooding adds modest upward pressure on US rough rice prices by tightening domestic supply.
Nach 179 vergangenen Ereignisse (bullisch, Wetter) bewegte sich Paddy-Reis im Median über 5 Handelstage um +0,4 % (55% höher; mittlere Hälfte -1,4 % bis +2,5 %) und über 20 Handelstage um +2,2 %.
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.
Historic Louisiana flooding threatened the US rough rice crop (supply shock), a plausible driver of a sharp rally in US rough rice futures, though the report is dated one day after the move and likely reflects flooding news already building (floods began ~Aug 12-14).