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Rough rice futures edged higher last week but failed to set new weekly highs. USDA data showed smaller rice production and ending stocks, with cuts to rough rice demand.
News that India would restrict some rice grades also supported futures.
Expected Indian export curbs remove supply from the world market, which supports rice prices. Feed buyers should expect firmer rice values while the restrictions are in place.
born2invest.comJack ScovilleSep 20, 2022After 168 past bullish policy events, RICE moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% 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.
