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Rice prices have moved higher in 2017 after weak prices through most of 2016. An LSU AgCenter analyst says this kind of price shift reflects changes in supply or demand fundamentals, while export volumes remain sluggish.
Lagging exports weigh on demand for U.S. rice, which limits how far price gains can extend. Buyers should expect firm but not runaway rice values.
lafarmbureaunews.comAvery DavidsonNov 29, 2017After 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.
