# Rice market update for the week ending Sept. 24, 2021

> 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.

- Date: 2021-09-25 · published 2021-09-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/45155-rice-market-update-for-the-week-ending-sept-24-2021
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

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.

## Read by commodity

- RICE: bullish ▲

## Sources

- ricefarming.com: https://www.ricefarming.com/market/rice-market-update-for-the-week-ending-sept-24-2021/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.