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US rice harvest is progressing strongly, with Arkansas over 80% complete and Louisiana, Mississippi and Texas nearly finished. Producers report high field yields, though head rice averages may be around 50 lbs.
Buyers are cautious after India's export ban and remain covered, while low Mississippi River flows are raising logistics concerns.
Heavy supply and cautious buyers point to soft cash and futures demand for US rough rice, while low river levels could delay barge movements and add freight costs.
usriceproducers.comIris FigueroaOct 13, 2023Not enough comparable past events yet for a historical read.
Not 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.
