Laden…
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.comVicky15 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.
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.
