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Rough rice November futures rose to $12.88 per cwt intraday, the contract's highest since its debut, and traded near levels last seen in October 2015. Traders cited heavy rain from Hurricane Harvey hurting remaining Texas rice and the storm tracking through Delta rice country.
Harvey-related crop damage in Texas and Delta rice areas threatens U.S. rice supplies, supporting prices for rough rice used in feed and milling.
heisenbergreport.comAug 28, 2017After 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% 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.
