Loading…
Louisiana rough rice stocks in all positions totaled 4.53 million cwt on June 1, 2017, up 5 percent from a year earlier. On-farm stocks were unchanged at 980 thousand cwt, while off-farm stocks rose 6 percent to 3.55 million cwt.
Higher-than-last-year rice stocks point to ample supply in the US rice market, a mildly bearish signal for rough rice prices.
lafarmbureaunews.comAvery DavidsonJul 7, 2017After 87 past bearish report events, Rough Rice moved a median +0.0% over 5 sessions (53% higher; middle half -2.1% to +2.4%), and +1.1% 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.
