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A USDA Foreign Agricultural Service economist says China has become a major rice importer and an emerging exporter. Chinese exports have resumed to Africa, supplied partly by auctions of aged state reserve stocks.
Chinese re-entry into African markets and reserve auctions add supply that partly offsets Thailand's pullback from low-priced exports.
texasfarmbureau.orgJulie TomascikMar 23, 2018After 70 past neutral trade events, Rough Rice moved a median +0.2% over 5 sessions (51% higher; middle half -1.3% to +1.9%), and +1.3% 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.
