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University of Arkansas researchers have released new rice varieties, including the medium-grain Taurus, which has outyielded other medium-grain varieties in testing. Seed demand is strong, with foundation seed sold out for this year.
California medium-grain production has declined after several years of severe drought, and its price has been above $30 per hundredweight since October 2021.
Lower California medium-grain output from drought supports prices for that class. Higher-yielding varieties could eventually expand Southern supply, which would limit longer-term price gains.
pbcommercial.comJohn LovettMar 4, 2023After 31 past neutral weather events, Rough Rice moved a median -0.0% over 5 sessions (48% higher; middle half -2.1% to +2.1%), and -1.5% 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.
