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The US and China signed an agreement setting sanitation guidelines for imports, including mill inspections, which could open China to US rice exports. Louisiana industry figures say the deal could eventually expand exports and planting incentives, though timing is uncertain.
Potential future access to China, which imports about 5 million tonnes of rice a year, could support US rough rice demand, but no volumes have yet been shipped.
eunicetoday.comJul 27, 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.
