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A commentary on the US rice market notes that the November WASDE raised US rice ending stocks by 1 million cwt to 46.7 million and cut exports by 1 million cwt to 100 million. The seasonal farm price was left unchanged at $14.50/cwt, and US farmers may keep or expand 2025 acreage.
Bigger US ending stocks and weaker exports are bearish for US rough rice, and expected acreage growth adds to the supply outlook for 2025.
southernagtoday.orgRyan LoyNov 27, 2024Not enough comparable past events yet for a historical read.
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.
