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Monthly average rough rice futures have stayed above $16 per hundredweight since March 2022, a level not seen since July 2013. The article attributes the rally to the lowest global ending stocks in five marketing years.
It recommends locking in higher revenue guarantees under Revenue Protection insurance, with the 2023 projected price set at $16.90 per hundredweight.
Rough rice prices remain historically high, with tight global stocks supporting the market. Expected production recovery could bring prices down later, so producers are looking to manage downside risk.
southernagtoday.orgHunter BiramFeb 27, 2023Not enough comparable past events yet for a historical read.
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.
