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Rice Farming reports the US rice market has been resilient in 2020 despite a 21% rise in harvested acres to nearly 3 million. Production is estimated up more than 22%, but smaller beginning stocks keep supplies manageable at about 9% above 2019-20.
Hurricane Delta damage raised milling quality concerns.
Larger US output is offset by lower carry-in stocks and steady domestic demand, so the price outlook stays balanced with headwinds possible later.
ricefarming.comVickyDec 1, 2020After 50 past neutral report events, Rough Rice moved a median -0.0% over 5 sessions (50% higher; middle half -1.9% to +1.5%), and -1.2% over 20.
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.
