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Louisiana rice prices have traded in a tight range through much of the 2016/17 marketing year amid large long-grain supplies up over 16 percent and weak export sales. Industry consensus expects US rice acreage to fall in 2017.
Large supplies and soft export demand keep prices pressured, while expected lower 2017 acreage is the main path to firmer prices.
ricefarming.comVickyMar 15, 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.
