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US long-grain rough and milled rice exports have run well ahead of last year through mid-December, with export sales pacing near historical highs. USDA raised its long-grain export projection by 3 million hundredweight in its December report.
Strong export demand and tightening US supplies support rice prices, giving buyers a reason to expect firmer rough rice values.
ricefarming.comVickyJan 15, 2020After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.
