
A USDA Economic Research Service report found broken rice is an increasing share of global rice trade, rising from 4.6% to 7.6% of rice used for feed and industrial purposes between 1991 and 2021. China's broken rice imports tripled in 2020-22 to 3.5 million tonnes when corn and wheat were expensive.
Broken rice competes with corn and wheat in feed rations when its price is low, so its relative price swings can shift feed grain demand. Indian export policy is a key swing factor for this substitution.
After 50 past neutral report events, Rough Rice moved a median -0.0% over 5 sessions (50% higher; middle half -1.9% to +1.5%), and -1.2% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.