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Port of Lake Charles is cleaning up and repairing damage from Hurricane Laura, with the bulk terminal reported to have suffered minimal damage. Rough rice and milled rice vessel loadings are expected to resume in October, with the first of two 30,000-ton rough rice vessels sold to Brazil scheduled for October and the second in November.
Restored export capacity at Lake Charles eases a logistics bottleneck for US rough rice shipments, so the price impact is modest. Any further delay would tighten nearby supply and support prices.
lafarmbureaunews.comAvery DavidsonSep 21, 2020After 14 past neutral logistics events, Rough Rice moved a median -1.3% over 5 sessions (36% higher; middle half -3.6% to +0.7%), and +1.6% 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.
