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Andy Daniels argues that USDA's January 12 long-grain estimates overstate domestic use and imply an unrealistic 26% drop in second-half consumption of US long grain. He cites Nathan Childs' view that tighter supplies and rising US prices are expected to slow exports.
If USDA's tight-supply projections hold, US long-grain stocks would be tight and prices would be supported, though the analysis is a personal opinion.
vantrumpreport.comadminJan 30, 2020After 88 past bullish report events, Rough Rice moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +2.1%), and +2.5% 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.
