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LSU AgCenter says Louisiana's 2020 rice crop was better than 2019 despite four tropical systems. Planted acreage rose 13.8% to 476,497 acres.
Hurricane Laura hit after harvest had begun, with about 5% of the crop still in the field.
A larger Louisiana crop with near-record yields adds to US rice supply and modestly weighs on domestic prices.
lsuagcenter.comDec 2, 2020After 27 past bearish weather events, Rough Rice moved a median -1.6% over 5 sessions (37% higher; middle half -3.4% to +1.1%), and -1.3% 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.
