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Arkansas harvest is nearly finished, with yields high, quality lower and the crop about 16% below last year according to the October Rice Outlook. USDA raised California's yield estimate to 8,900 pounds per acre.
Export sales and shipments reached a four-week high, and Asian prices firmed, with Vietnamese rice at $435 per tonne against $390 for Thai.
A smaller US crop and firm export demand support US rice prices. Price premiums for Vietnamese rice over Thai suggest tighter Asian supply.
myemail.constantcontact.comOct 22, 2021Not 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.
