Editor's Picks
Tag: rice commentary
Rice Market: New Crop Supported by Slow Planting Apr 23, 2022
It has been an interesting week for the September contract. The week’s 96-cent trading range was captured in Tuesday’s wild session, which included a new contract high of $17 and […]
Rice Market Update: 2022 Calm Before the Storm? Dec 3, 2021
The holidays have descended upon the U.S. rice market, resulting in relative calm in the pricing. Milled rice for Haitian shipments has been steady, while Iraq business is in the […]
Rice Market: Interest Evaporating in Nov. Futures Oct 18, 2021
The focal point for the rice market this week was USDA’s monthly WASDE report, released on Tuesday. Changes to 21/22 long-grain production were relatively minor. However, there was a slight […]
Rice Market: Prices Decline on Dollar Strength Oct 4, 2021
After touching $14/cwt. in trading Monday and Tuesday, November rice futures turned lower to finish the week. Renewed strength in the U.S. Dollar may have played a role in the […]
Rice Market: Favorable News in WASDE Sep 13, 2021
Favorable news Friday in USDA’s supply/demand and Crop Production reports. November rice futures closed 17 cents higher at $13.48/cwt. following the reports. USDA made several adjustments to the new crop long-grain balance […]
Rice Market: Upside Potential Requires Confirmation Acreage Estimates Are Too High Aug 9, 2021
Mostly lower trade this week as September rice futures lost ground Monday, Tuesday and Wednesday, giving up a combined 48 ½ cents in three days of trading. Corn and soybeans […]
Rice Market: Long-Grain Rough Rice Sales Up 27% from 2020 Aug 2, 2021
The big news this week came on Thursday with the announcement of U.S. rice sales to Iraq. This pushed nearby futures up to $13.85 at one point in Thursday’s trading. […]
Rice Market: No Supply Side Changes, Exports Increased Jul 19, 2021
On Monday this week USDA released its monthly WASDE report. The most significant adjustments this month for long-grain were made to the old crop (20/21) balance sheet. There were no supply […]
Rice Market: Surprising Lack of Change to USDA’s Acreage Jul 6, 2021
USDA released its’ much-anticipated June Acreage report this week. The most surprising aspect of the report was the lack of change from the March intentions. Likely the report left traders with more […]
Rice Market: Outside Factors Driving Price Direction Jun 21, 2021
Pick your poison. You could find any number of reasons and excuses why ags were annihilated last week. Several traders mentioned China’s efforts to curb speculation in commodities. Most importantly […]
