◂ Event Timeline

Mar 15, 2019REPORTUS

Large rice stocks continue to weigh heavily on the market, prices

The US rice market has been quiet with cash prices in a narrow range. USDA's February supply and demand report raised long-grain production estimates, pushing ending stocks more than 70 percent above the prior year.

WHY IT MATTERS

Large US long-grain ending stocks keep downward pressure on rice prices. The surplus weighs on the market until acreage cuts or stronger demand reduce carryout.

AFFECTSRough Rice▼

SOURCE
ricefarming.comVickyMar 15, 2019

Price reaction & history

Rough Rice▼bearishSO FAR1d +1.4%5d +4.8%20d -2.7%

After 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.

Dec 13, 2024India's rice stocks surge to record high, boosting export prospects-4.0%
Apr 20, 2023Global Market Prospects for U.S. Long-Grain Rice for the Upcoming Marketing Year-1.1%
Jul 26, 2018Looking into the crystal ball - Rice Farming-1.4%
May 14, 2020World Market Price Meeting Goes Virtual | USA Rice Federation-7.7%
Aug 3, 2023Exclusive: India rice stocks at three times target, easing supply concerns+0.8%

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.

Rough Rice RICE · GP ▸

——— · ·

Loading…