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FAO forecasts Vietnam's 2016 paddy output at 43.9 million tonnes, 3 percent below the 2015 record, due to saltwater intrusion in the Mekong Delta and floods in the north. It forecasts 2017 rice exports at 7.1 million tonnes, up 10 percent, and 2016 maize output at 5 million tonnes, down 5 percent.
A smaller Vietnamese crop is partly offset by expected higher 2017 exports, leaving the rice outlook balanced to slightly supportive for Asian rice prices.
reliefweb.intDec 23, 2016After 31 past neutral weather events, Rough Rice moved a median -0.0% over 5 sessions (48% higher; middle half -2.1% to +2.1%), and -1.5% over 20.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% 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.
