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USDA's July WASDE put US rice production at 153.3 million cwt, the smallest since 1987, with planted acreage at 2.02 million acres, the lowest since 1972. Long-grain ending stocks are projected at 17.7 million cwt, down 52% from last year.
The sharp drop in US long-grain stocks and acreage supports domestic rice prices and increases reliance on imports.
After 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.