USDA's November Crop Production report put 2017 U.S. rice output at 178.4 million cwt, down 20% from 2016 and the lowest since 1996. Harvested area fell 23% to about 2.39 million acres as acreage shifted to soybeans and cotton.
Nearby rough rice futures in Chicago were up nearly 30% from a year earlier.
A sharp drop in U.S. supply with tighter acreage supports rough rice prices and reduces exportable supply for buyers. Higher rice values can also lift the cost of rice-based feed ingredients.
Setelah 88 peristiwa laporan bullish sebelumnya, Gabah bergerak median +0,0% selama 5 sesi (50% lebih tinggi; separuh tengah -1,5% sampai +2,1%), dan +2,5% 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.