# One Last Thought on Revenue Insurance for Rice in 2023

> 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.

- Date: 2023-02-27 · published 2023-02-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12654-one-last-thought-on-revenue-insurance-for-rice-in-2023
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

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.

## Read by commodity

- RICE: neutral

## Sources

- southernagtoday.org: https://southernagtoday.org/2023/02/27/one-last-thought-on-revenue-insurance-for-rice-in-2023/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.