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Iraq is set to purchase 15,000 metric tons of US rice, and Louisiana farmers expect a modest benefit. LSU AgCenter economist Kurt Guidry said the deal could help stabilize a trend toward lower prices.
A small export tender adds some demand for US rough rice, but at 15,000 tons it is too small to move prices much.
kplctv.comDrew MarineAug 24, 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.
