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Lower delta cash rice prices have been sideways for nearly a month, with some northern markets gaining about $0.25 per cwt. Sluggish paddy exports to Central America and Mexico continue, while Mercosur rice displaces U.S. rice and South American yields were cut by high night temperatures, lowering regional production by about 1 million tons paddy.
Lower South American output could support rice export prices and firm demand for U.S. rough rice, though weak U.S. paddy export demand limits the upside.
myemail.constantcontact.comJan 28, 2022Not 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.
