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A Rice Farming analysis compares the 2018-19 US rice marketing year with 2016-17, when large supplies and ending stocks pushed cash prices below $16 per barrel. Rice acres rose nearly 20% in 2018 and yields are expected to rise, which the author says could restore a similar oversupplied market.
Higher US rice acreage and yields point to ample supply and downward pressure on cash rice prices. This is a forward-looking view rather than a new market event.
ricefarming.comVickyDec 1, 2018Not 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.
