Arkansas rice yields are projected at a state-average record of 168.9 bu/acre for 2021, but milling yields are below average and damaged grain has increased. The extension agronomist links the problem to high nighttime temperatures during grain fill that produced thinner kernels.
Lower head rice and total milling recoveries tighten the supply of milled rice despite large volumes, which can support milled rice prices.
After 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% 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.