
USDA economist Nathan Childs raised the long-grain rice price forecast by about $1 per hundredweight, to roughly $9.70 to $10.70, before factoring in the flooding. Tighter U.S. and world supplies are emerging after a long period of falling prices.
Flooding in Arkansas, Louisiana and California in late April and early May adds to the supply tightening.
Tighter domestic and world supplies, together with flood losses, support higher U.S. rice prices for the 2017-18 marketing year. Buyers should expect firmer long-grain pricing.
Setelah 179 peristiwa cuaca bullish sebelumnya, Gabah bergerak median +0,4% selama 5 sesi (55% lebih tinggi; separuh tengah -1,4% sampai +2,5%), dan +2,2% 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.