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USDA's July estimates raised the 2024/25 US rice ending stocks forecast to 46 million hundredweight, up 1.5 million from June, and lifted cotton ending stocks to 5.3 million bales. Global rice production was revised higher, with larger expected output in the US and Pakistan.
Bigger rice carryout and higher global production expectations are bearish for rough rice prices and export demand for US rice.
brownfieldagnews.comJohn Perkins12 jul 2024Tras 87 eventos bajista de informe pasados, Arroz cáscara se movió una mediana de +0,0 % en 5 sesiones (53% al alza; mitad central entre -2,1 % y +2,4 %), y +1,1 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
USDA's July report raised 2024/25 US rice ending stocks and global output, a bearish supply revision released just before the drop, though the size of the move far exceeds what this alone would explain.
USDA July report raised US 2024/25 rice ending stocks and global production, a bearish supply revision for US rough rice.
USDA's July report raised US 2024/25 rice ending stocks and global production, a bearish supply signal that fits a sharp price drop.
