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World Grain reviews rice markets after the September WASDE cut 2019-20 U.S. rice production to 5.95 million tonnes and world production to 494.22 million tonnes. Global exports were cut to 45.12 million tonnes, and futures jumped on the revisions.
Lower U.S. and world rice supplies and exports support higher rough rice prices, though world ending stocks remain record large. The effect on feed-grade markets is limited.
world-grain.comChris LyddonOct 14, 2019After 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.
