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USDA's Economic Research Service released its January 2018 Rice Outlook, analyzing US and global rice markets using the latest World Agricultural Supply and Demand Estimates projections. The 2017/18 medium- and short-grain ending stocks forecast was lowered by 1.7 million cwt to 9.3 million cwt, down 19 percent from a year earlier.
Lower medium- and short-grain ending stocks signal tighter US supplies, which supports rough rice prices. The change is modest, so the effect on the market is limited.
ers.usda.govJan 17, 2018After 88 past bullish report events, Rough Rice moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +2.1%), and +2.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
