Loading…
US Rice Producers reports that current export pace could exhaust US long-grain supplies before harvest if sustained, versus USDA's projected 61 million cwt of exports. USDA also raised rice imports by 1 million cwt to a record 42 million cwt.
Tightening US long-grain supplies and strong export pace support rice prices, though expected larger imports and a possible rise in 2024 planting limit the upside.
usriceproducers.comIris FigueroaFeb 23, 2024After 88 past bullish report events, Rough Rice moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +2.1%), and +2.5% 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.
