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USDA projects US rice production, consumption, exports and stocks to decline in 2017-2018. Production fell 20% this year, with Arkansas harvested acreage dropping from about 1.5 million to 1.1 million acres, and total supplies are seen down about 15%.
A smaller US crop and lower supplies support domestic rice prices and reduce exportable supply, which can lift rice-based feed byproduct values.
pbcommercial.comNewsOct 28, 2017After 88 past bullish report events, Rough Rice moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +2.1%), and +2.5% 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.
