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USDA data show US 2019-20 all-rice imports at a record 29.6 million cwt, up 2% year on year, with long-grain imports forecast at a record 24 million cwt. US rough rice export projections are steady near 33.0 million cwt, though the US continues losing Latin American share to South American competitors on price.
Record imports and flat exports leave US rice balances looser, weighing on domestic rough rice prices.
farmprogress.comRon SmithNov 18, 2019After 87 past bearish report events, RICE moved a median +0.0% over 5 sessions (53% higher; middle half -2.1% to +2.4%), and +1.1% 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.
