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A University of Missouri economist says India's white rice export ban has supported US rice prices by returning business to US exporters. He also noted that weaker global cotton consumption is weighing on cotton.
If India's export ban were lifted, US rice prices would likely fall, so the ban currently supports rice values.
brownfieldagnews.comCarah HartAug 28, 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.
