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Louisiana rough rice stocks in all positions totaled 4.94 million cwt on June 1, 2019, up 62% from a year earlier. On-farm stocks rose 182% to 620,000 cwt and off-farm stocks rose 53% to 4.32 million cwt.
Much larger US rice stocks signal ample supply and pressure on domestic rough rice prices.
lafarmbureaunews.comAvery DavidsonJul 2, 2019After 87 past bearish report events, Rough 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.
