
USDA-ERS economist Nathan Childs outlined the 2018-19 rice outlook: global production projected at 487.8 million tons milled, up 450,000 tons, with ending stocks of 143.8 million tons. U.S. 2018 production is expected to rise 5% to 213 million cwt on an 18% acreage increase, and U.S. 2018-19 ending stocks are forecast at 42.3 million cwt.
A larger U.S. crop and a 31% jump in projected carryout point to ample rice supply and weaker prices, with sluggish exports reinforcing the bearish balance.
Setelah 87 peristiwa laporan bearish sebelumnya, Gabah bergerak median +0,0% selama 5 sesi (53% lebih tinggi; separuh tengah -2,1% sampai +2,4%), dan +1,1% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
USDA-ERS outlook of a 5% rise in 2018 U.S. production on an 18% acreage increase and large global stocks signals ample supply, a bearish factor for U.S. rough rice futures.