Record rice exports help lift producer prices in Brazil

After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% over 20.

• Jun 14, 2023Brazil exported 197.5 thousand tonnes of rice in May - DatamarNews-5.5%
• Oct 24, 2023Vietnam’s export rice prices reach record high-0.2%
• Jun 12, 2024Rice tender delay may push up food prices in Brazil+3.5%
• Dec 1, 2019Strong exports help buoy the market and point to higher prices - Rice Farming-1.4%
• Jan 30, 2024Indian curbs to propel Pakistan's rice exports towards record high | Reuters+1.2%

After 26 past neutral trade events, Brazilian Real (BRL per USD) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.4%), and +1.3% over 20.

• Aug 20, 2019Chinese prefer Brazilian soybeans - DatamarNews+2.9%
• Jan 27, 2023FAS Report Highlights China’s Corn Imports From Brazil; While Rice Prices Climb | Farm Policy News | Illinois-1.4%
• Nov 3, 2022Brazil moves closer to China corn exports as Beijing approves traders | Reuters+0.1%
• Oct 31, 2024Export demand for corn in Ukraine remains high, although world prices are under pressure from cheap US corn supply-1.3%
• Mar 21, 2023China soybean prices plunge amid weaker local demand, higher Brazil farmer sales-0.3%