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An agricultural economist at Firstgrain says U.S. rice prices could rebound later in 2021 if U.S. rice acreage falls 20-30%, Brazil's drought persists, and China's feed use of rice grows. He noted that soybeans and gold have been the biggest market movers so far this year.
A smaller U.S. planting and stronger feed demand from China would tighten rice supply and support prices. The outlook is conditional and based on analyst views rather than confirmed data.
farmprogress.comForrest LawsApr 6, 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.
