# Market Behavior: Spring

> US old-crop rice market has been strong, led by good milled rice export sales, domestic business and strong rough rice exports. South American suppliers ran low, letting the US regain share in Mexico and Central America, while El Niño weather issues in Asia lifted prices.

- Date: 2024-04-03 · published 2024-04-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/30779-market-behavior-spring
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Tight South American supply and Asian weather concerns support US rice prices and export demand. Crop returns are lower than last year, and a rise in US long-grain acres could eventually swell stocks.

## Read by commodity

- RICE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| RICE | 2024-04-14 | 5 | +10.3% | 3.1 | Strong US milled and rough rice export sales and El Niño-driven Asian price support add demand pull to the US old-crop market. |

## Sources

- riceland.coop: https://riceland.coop/newsletter/market-behavior-spring-2024

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.