Loading…
USDA's October WASDE projects all-rice production at 157.7 million cwt, down 24% from last year, with harvested acres down about 25%. Ending stocks are forecast at 40 million cwt and the season-average price at $15.20/cwt, up from $12.40.
A tighter U.S. stocks-to-use ratio supports domestic rice prices and adds upside pressure on global quotes given El Niño and Middle East supply concerns.
After 88 past bullish report events, Rough Rice moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +2.1%), and +2.5% 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.