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A Seeking Alpha analysis argues rough rice prices could rise because global rice inventories have declined from 531.6 MMT in 2009 to about 497.77 MMT. It notes rice futures traded near 11.97 after a 0.76% decline from October 11.
Tighter stock-to-use expectations support rough rice futures, which would matter for feed buyers using rice byproducts. The analysis is a single-author opinion rather than a new market-moving event.
seekingalpha.comOct 16, 2019Not enough comparable past events yet for a historical read.
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.
