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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. 5. 14.과거 하락 보고서 이벤트 87건 이후, 조곡(벼)은 5거래일 동안 중앙값 +0.0% 변동(상승 53%; 중간 50% 범위 -2.1%~+2.4%), 20거래일 동안 +1.1%.
각 품목 벤치마크의 이벤트 직전 종가 대비 변동. 과거 수치는 같은 유형의 과거 이벤트를 합산한 것으로, 일어난 일을 설명할 뿐 앞으로 일어날 일이 아닙니다. 투자 자문이 아닙니다.
Industry expectation of a larger 2020 US crop than in 2019 signals more supply ahead, which is bearish for futures.
