More than 20 inches of rain fell in southwest Louisiana, causing historic flooding that affected a large number of parishes, with 29 requesting disaster declarations. An LSU specialist provided an early, speculative estimate of about $14.3 million in losses to the rice crop, excluding ratoon losses.
Losses in Louisiana rice are small relative to the global market, but the flooding adds modest upward pressure on US rough rice prices by tightening domestic supply.
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.
Historic Louisiana flooding threatened the US rough rice crop (supply shock), a plausible driver of a sharp rally in US rough rice futures, though the report is dated one day after the move and likely reflects flooding news already building (floods began ~Aug 12-14).