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Arkansas rice growers are benefiting from higher 2019 prices after storing 2018 crops. Nationwide August rough rice stocks rose from about 23.9 million to 38.6 million hundredweight year over year.
Higher stocks are a bearish supply signal, but the article attributes the price rally to record prevented planting and crop uncertainty. The net effect on rice prices is mixed.
ricefarming.comVickyOct 1, 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.
