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The USA Rice World Market Price Subcommittee held its May meeting by videoconference due to COVID-19 precautions. Members agreed USDA planting projections were on target and that the industry expects a larger 2020 crop than in 2019.
The group also discussed COVID-19 effects on global rice trade with USDA's Foreign Agricultural Service.
Expectations of a larger US rice crop point to more supply, which is mildly bearish for rough rice prices. The impact on feed markets is limited.
usarice.com2020/05/14過去の弱気なレポートイベント87件の後、籾米 は5営業日で中央値 +0.0% 動き（53% が上昇。中央50%は -2.1% から +2.4%）、20営業日では +1.1% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。
Industry expectation of a larger 2020 US crop than in 2019 signals more supply ahead, which is bearish for futures.
