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A weekly review reports that US rice markets are trading sideways with little volume, as the government shutdown delayed official export and crop data. Asian benchmark prices moved with currency swings, and FAO said international rice prices fell for a sixth straight month in December.
Growers are holding out for higher prices.
Falling international prices and a stalled US cash market point to continued softness in rice values. Producers' reluctance to sell limits how far prices can drop in the US.
farmingportal.co.zaFeb 10, 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.
