Loading…
Rough rice November futures closed above $13.80 on Tuesday for the first time since Aug. 16, helped by a sizable USDA cut to U.S. rice production in the Sept.
10 outlook. Gulf export sales remain below year-ago levels as terminals recover from Hurricane Ida, and long-grain rough rice sales for the week ending Sept.
16 fell to a marketing-year low of 200 tons.
A cut to U.S. production combined with a slow export pace leaves rough rice prices supported while Gulf logistics recover. Continued gains in Gulf exports would add further support.
ricefarming.comVickySep 25, 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.
