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US rice bids in Louisiana were around $17 per barrel, with buyers pulling back into the year-end lull. USDA raised medium- and short-grain rice export forecasts by 3 million cwt in December on lower production in Australia and Egypt.
Higher US export prospects from reduced Australian and Egyptian output support US rice prices. Activity is seasonally quiet, so the price effect is modest.
ricefarming.comVickyJan 15, 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.
