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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.com14 mei 2020Na 87 eerdere neerwaarts rapport-gebeurtenissen bewoog Padierijst zich mediaan +0,0% over 5 sessies (53% hoger; middelste helft -2,1% tot +2,4%), en +1,1% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
Industry expectation of a larger 2020 US crop than in 2019 signals more supply ahead, which is bearish for futures.
