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Louisiana long-grain cash rice prices rose from about $20-$20.50 per barrel in December 2019 to $22 per barrel or higher in March 2020, with some small supplies reportedly fetching $23. USDA data show 2019/20 ending stocks well below the prior year.
Tight US rice stocks and firm cash prices support rice values, though rice is a minor feed ingredient for most buyers.
ricefarming.comVickyMar 15, 2020After 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.
Tight U.S. ending stocks and rising Louisiana long-grain cash prices point to a supply-driven bullish tone in the U.S. rough rice market that matches the futures move.
Louisiana cash rice prices rose on tight US stocks, directly supporting US rough rice futures in March.
Tight US stocks and rising Louisiana cash prices reflect domestic supply tightness supporting US rough rice futures.
Tight US stocks and Louisiana cash prices rising to $22-23 per barrel reflect a firm domestic supply picture that supports rough rice.
