# Rice Market Update: Little Change in USDA's WASDE Report — Louisiana Farm Bureau News

> 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.

- Date: 2020-08-18 · published 2020-08-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/51697-rice-market-update-little-change-in-usda-s-wasde-report-louisiana-farm-bureau
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

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.

## Read by commodity

- RICE: bearish ▼

## Sources

- lafarmbureaunews.com: https://lafarmbureaunews.com/news/2020/8/18/rice-market-update-little-change-in-usdas-wasde-report

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