# Milo Hamilton: On the edge of bull market in rice?

> Firstgrain's Milo Hamilton said farm-gate grain prices have declined since 2014 while input costs such as crude oil have risen. He suggested wheat could lead rice out of its slump and that food grain prices might bottom by October, noting China holds large shares of world rice and other grain stocks.

- Date: 2018-07-24 · published 2018-07-24T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/64098-milo-hamilton-on-the-edge-of-bull-market-in-rice
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Hamilton's view that rice may follow wheat higher hints at a possible price floor, but large Chinese stocks cap upside, so the outlook is mixed.

## Read by commodity

- RICE: neutral
- WHEAT: neutral

## Sources

- farmprogress.com: https://www.farmprogress.com/rice/milo-hamilton-on-the-edge-of-bull-market-in-rice-

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.