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Feb 10, 2023REPORTUS

U.S. rough-rice exports projected to decline 36 percent in 2022/23

USDA's Economic Research Service projects U.S. rough-rice exports to fall 36 percent in 2022/23. The item is a chart release with no accompanying analysis.

WHY IT MATTERS

A sharp drop in US rice exports signals weaker foreign demand for US rough rice, a bearish factor for domestic rice prices.

AFFECTSRough Rice▼

SOURCE
ers.usda.govFeb 10, 2023

Price reaction & history

Rough Rice▼bearishSO FAR1d -0.2%5d -3.1%20d -11.5%

After 87 past bearish report events, Rough Rice moved a median +0.0% over 5 sessions (53% higher; middle half -2.1% to +2.4%), and +1.1% over 20.

Oct 3, 2018U.S. could ship more rice in 2018-19 — if prices decline+6.7%
Nov 30, 2020Economists project weaker rice prices in 2021-3.6%
Dec 13, 2024India's rice stocks surge to record high, boosting export prospects-4.0%
Jan 14, 2021USDA Predicts Increase in India’s Wheat, Rice Exports | IASPOINT+2.8%
Jul 7, 2017Louisiana Rough Rice Stocks Up 5 Percent — Louisiana Farm Bureau News-1.2%

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.

Rough Rice RICE · GP ▸

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