Loading…
SunRice's parent Ricegrowers commentary cites the USDA April Rice Crop Outlook showing a second straight year of global rice demand exceeding supply, with ending stocks lowest since 2017/18. Prices remain at record highs for US medium grain and are rising in Thailand and Vietnam, and US planting intentions for 2023/24 are up 16%.
Tight global rice stocks and record prices support rice values and reflect firm feed-adjacent byproduct costs, while rising US plantings could ease supply later in the year.
listcorp.comApr 25, 2023After 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.
