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Low milling yields on Mississippi River rice have hurt US exports to Central America, where brokens are poorly valued and buyers now prefer South American rice. US export projections were cut to 59 million cwt from 62 million.
Lost Central American demand and a lower export forecast add to surplus pressure on US rough rice prices.
After 141 past bearish trade events, Rough Rice moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% 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.