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Texas rice farmers were granted access to sell U.S. rice to China in mid-July, a deal the industry estimates could bring about 250,000 tons per year. Rice prices have fallen for several years due to competition from Vietnam and Thailand.
A potential new Chinese outlet for U.S. rice could tighten U.S. exportable supplies and lift domestic rough rice prices, though the volume is modest against China's production.
agribusinessglobal.comMatt HopkinsAug 1, 2017After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.
