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An announcement confirmed that China has opened its market to imports of US milled rice, which industry groups in Louisiana described as a major step. Industry representatives noted the market had been a work in progress for 10 to 20 years.
New Chinese market access for US milled rice opens a large potential export outlet and could firm US rough rice demand. The impact depends on how quickly shipments begin.
lafarmbureaunews.comAvery DavidsonDec 30, 2018After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.
