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The USDA reported rough rice stocks on August 1, 2022 at 32.773 million hundredweight, down 13% year on year, after a 16% production drop in 2021. Most stocks are held off farm, while milled rice stocks rose 15%.
Tighter old-crop rice supplies support prices for the 2022/23 marketing year, although the stock figures are a modest signal for feed-grade rice demand.
brownfieldagnews.comAug 19, 2022After 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.
