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US rice ending stocks for 2017/18 are estimated at 29.2 million cwt, the lowest since 2000/01, and long-grain stocks are nearly half their prior-year level. Projections of larger 2018 US planting could add supply and cloud the longer-term price outlook.
Tight old-crop supplies support current prices, but expected larger 2018 acreage would weigh on prices once new crop arrives.
ricefarming.comVickyMar 15, 2018Not enough comparable past events yet for a historical read.
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.
