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A Delta Farm Press column says the author remains bullish on U.S. long grain rice prices ahead of USDA's June 30, 2017 acreage report. It cites macro and geopolitical uncertainties and notes world rice acreage at a record 161.8 million hectares.
A record global rice area points to ample supply that could cap prices, while the expected acreage report could resolve some U.S. long grain uncertainty and shift the price outlook.
farmprogress.comBobby CoatsJun 30, 2017Not enough comparable past events yet for a historical read.
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.
