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ADM Rice sold 44,000 metric tons of US long grain rice to Iraq, announced on November 8 and due to ship in January. It follows an August Iraqi purchase of the same size and is part of a 200,000-tonne memorandum of understanding for this year.
The sale supports US long grain demand at a time when cheap Indian and Asian supplies are pressuring prices, though its volume is small relative to global trade.
farmprogress.comForrest LawsNov 25, 2024After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.
