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Louisiana old-crop rice cash offers held near $23.50 per barrel, about $14.50/cwt, while 2020 crop bids were around $20 per barrel. USDA's Planting Intentions report projected 2.85 million acres of rice, up over 300,000 from 2019.
Long-grain acreage is projected at 2.1 million acres.
Higher planted acreage threatens to pressure prices, but the market has so far held firm, and the 2020 discount to old crop signals expected weakness ahead. Feed buyers should monitor acreage and demand.
ricefarming.comVicky2020. 5. 15.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.
Planting intentions up over 300,000 acres and new-crop bids well below old-crop cash imply a bearish supply outlook and a steep inverse that pressures nearby prices.
