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An Arkansas rice farmer says the USMCA trade agreement, now in force, provides certainty for US rice producers. He notes Mexico is now the top export market for US rice and Canada is among the top five.
Secure access to Mexico and Canada supports US rice demand and export volumes, but the commentary is general and does not signal a near-term change in price.
brownfieldagnews.comMeghan GrebnerJul 2, 2020After 70 past neutral trade events, RICE moved a median +0.2% over 5 sessions (51% higher; middle half -1.3% to +1.9%), 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.
