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A University of Arkansas economist argues that global geopolitical and economic uncertainty is weighing on rice exporters and demand outlook. He notes slow growth, low interest rates and rising debt as drivers of populist movements and political change.
He says it is hard to justify planting more rice given weak demand.
Weak global demand expectations and risk of recession pressure rice export values and discourage acreage expansion, which is bearish for rice prices.
farmprogress.comBobby CoatsApr 24, 2017After 16 past bearish macro events, Rough Rice moved a median +0.2% over 5 sessions (50% higher; middle half -5.1% to +1.7%), and +4.1% 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.
