# Rice futures slice year-to-date gain in half over the course of a week - MarketWatch

> Rough rice futures fell about 22% in the week ending June 12, 2020, their biggest weekly loss since March 1994. The most-active contracts were still up about 21% year to date, after touching their highest level since 2008 earlier in June. Heavy rains affected the 2019-20 Delta crop, including in Arkansas.

- Date: 2020-06-12 · published 2020-06-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4921-rice-futures-slice-year-to-date-gain-in-half-over-the-course-of-a-week
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

A sharp drop in rice futures after a rally that was driven by pandemic-related demand and tight supplies signals a sharp retreat in pricing for rice buyers. Volatility may persist while the market works through supply uncertainty.

## Read by commodity

- RICE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| RICE | 2020-06-11 | 5 | -34.0% | -8.3 | Directly describes the sharp rough rice futures selloff in the week ending June 12 (~22%, biggest weekly drop since 1994) after a run to multi-year highs, indicating a speculative unwind/sentiment reversal. |
| RICE | 2020-06-10 | 5 | -29.2% | -9.0 | Directly describes the record weekly drop in rough rice futures (~22%, largest since 1994) after hitting highs since 2008, matching the move in magnitude and timing. |
| RICE | 2020-06-22 | 5 | -16.1% | -4.8 | Reports the record ~22% weekly drop in rough rice futures in the week ending June 12 after hitting highs since 2008, directly describing the sharp sell-off (momentum/profit-taking) that continued into the 5-day window ending June 22. |
| RICE | 2020-06-19 | 5 | -15.9% | -4.0 | Rough rice futures fell about 22% in the week ending June 12 after touching their highest level since 2008, so this is a sharp unwinding of the old-crop squeeze rally that overlaps the 5-day window. |

## Sources

- marketwatch.com: https://www.marketwatch.com/story/rice-futures-slice-year-to-date-gain-in-half-over-the-course-of-a-week-2020-06-12

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