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USA Rice reports Louisiana is near 50% harvest completion and Texas nearly two-thirds, with good milling yields so far. The cash rough rice market ticked slightly lower as the industry prepares for a larger crop, and the August WASDE made only minimal changes to rice.
US long-grain acreage is up 24% year over year, adding about 31 million cwt of production that should roughly offset the lower carryout. Cash prices will depend on demand, which has been slow to materialize, so prices face mild downward pressure.
lafarmbureaunews.comGuest UserAug 18, 2020Not 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.
