Missouri rice producers say Egypt is very interested in buying unmilled rough rice from Missouri, as water shortages have halted rice growing in Egypt. A proposal was presented in July by industry representatives and a university professor.
The industry also remains optimistic that China will eventually import US rice.
Potential new export demand for US rough rice from Egypt could modestly support US rice prices if deals materialize. The story is early-stage and mainly concerns a single state's producers.
After 189 past bullish trade events, RICE moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.