# Nice Price For Louisiana Rice - Arlen "Benny" Cenac Jr

> LSU AgCenter economists report that US rice prices have rebounded to their highest levels in at least seven years, driven by tight supplies and steady demand. Bulk sales to Haiti are supporting long-grain prices, and July rice is quoted near $23 per barrel while September is above $19.

- Date: 2020-05-28 · published 2020-05-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/53191-nice-price-for-louisiana-rice-arlen-benny-cenac-jr
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Tight US supplies and firm demand keep domestic rice prices elevated. A possible shift of Arkansas acreage from soybeans to rice could eventually weigh on prices, but supply tightness currently supports them.

## Read by commodity

- RICE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| RICE | 2020-06-02 | 1 | +7.9% | 3.0 | Reports of seven-year-high US rice prices, tight supplies, and Haiti bulk sales support the bullish old-crop fundamentals behind a sharp rise in July futures. |

## Sources

- arlenbennycenac.com: https://arlenbennycenac.com/nice-price-for-louisiana-rice

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