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The USDA weekly rice summary for Arkansas, Louisiana, Texas and California reports mostly steady long-grain milled rice prices in the South, with some Arkansas lots up 1.00 to 2.00. California medium-grain prices rose 1.00 to 4.00, and rice hull demand remained nonexistent.
CME rough rice settled about 12.38 to 12.91 per cwt for the January to May 2018 contracts.
Steady to slightly firmer milled prices and flat rough rice futures signal balanced domestic supply and demand with no new shock. Buyers of rice by-products should expect limited price movement in the near term.
foxbusiness.comDow Jones NewswiresNov 20, 2017After 50 past neutral report events, Rough Rice moved a median -0.0% over 5 sessions (50% higher; middle half -1.9% to +1.5%), and -1.2% 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.
USDA weekly review shows firming US rice prices (some Arkansas and California gains) and CME rough rice around 12.38-12.91/cwt, directly reflecting the US market during the move.
