◂ Event Timeline

Aug 13, 2018TRADEEgypt

Missouri rice farmers eye export market on banks of Nile River

Missouri rice farmers may gain an export market in Egypt, which is halving rice planting to conserve water after a new Ethiopian dam threatened Nile flows. The proposal is to ship rough rice that Egyptian mills would process.

WHY IT MATTERS

Egyptian demand for US rough rice would give Missouri producers an outlet while China trade tensions persist, a modest support for US rice prices.

AFFECTSRough Rice▲

SOURCE
stlpr.orgSt. Louis Public RadioAug 13, 2018

Price reaction & history

Rough Rice▲bullishSO FAR1d -2.3%5d -1.9%20d +2.5%

After 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.

Dec 30, 2018China Market Open for Import of U.S. Milled Rice; Big Deal for Louisiana and Rice Farmers — Louisiana Farm Bureau News+3.5%
Dec 1, 2019Strong exports help buoy the market and point to higher prices - Rice Farming-1.4%
Oct 31, 2017India to export rice to Bangladesh - Market News | The Financial Express-1.8%
Dec 30, 2024Govt embarks on import to tame rice market+0.7%
Aug 19, 2020Global Markets: Rice – Trade Contracts on Low Exportable Supplies — Louisiana Farm Bureau News+0.8%

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.

Rough Rice RICE · GP ▸

——— · ·

Loading…