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US rice producers report firm rice market conditions with strong domestic millings and difficulty procuring supplies for new or export customers. Cash prices are reported at $18.00 to $19.00/cwt across Texas, Louisiana, Mississippi, Arkansas and Missouri, and planting is underway along the Gulf Coast with expectations of over 3 million acres.
Tight domestic supply, strong cash prices and a smaller expected South American crop support rough rice futures and encourage more US rice planting, which could add supply later.
usriceproducers.comIris FigueroaMar 22, 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.
