Tag: Scott Stiles
Rice Market: A Week of Give and Take Sep 5, 2022
It was a week of give and take in the rice market. After solid gains Tuesday and Wednesday for November futures, most of those were given back on Thursday with […]
Arkansas: Farmland Values, Cash Rents Follow Commodity Prices Sep 4, 2022
Arkansas farmland values and cash rents are following commodity prices and inflation higher. The National Agricultural Statistics Service’s “2022 Land Values Summary,” showed the average United States farm real estate […]
Rice Market: Widening Spread in Sep/Nov Futures Spread Aug 27, 2022
This week we’ll shift our attention to November rice futures. Over the past week, open interest has been evaporating fast in the September contract. This exit is typical in the […]
Rice Market: Several Bearish Factors at Play, Basis Levels Steady Aug 21, 2022
At the very end of what was a bearish week, Chicago rice futures turned sharply higher on Friday. Ahead of the close, the September contract was trading 58 cents higher […]
Cotton: Drought Drops U.S. Harvest to Lowest Level Since 19th Century Aug 17, 2022
The United States is expected to harvest its lowest number of cotton acres since the 19th century, according to an estimate from the U.S. Department of Agriculture. “USDA projected this year’s […]
Rice Market: Bearish Response to WASDE Report Aug 12, 2022
USDA released its’ August supply and demand estimates on Friday. The U.S. new crop long-grain balance sheet included increased supply, unchanged domestic use and exports, and higher ending stocks. Total […]
Rice Market: Strong Week for Prices Jul 24, 2022
After a 6-week absence, we finally got to see September rice trade above $17 again. The contract gained a combined 63 cents in Monday and Tuesday’s trading. By Wednesday, news […]
Rice Market: Significant Increases to Old and New Crop Long-Grain Imports Jul 16, 2022
USDA released its monthly supply/demand report on Tuesday (July 12). This month’s outlook for 2022/23 U.S. long-grain is for larger total supply, higher domestic use, lower exports, and larger ending […]
Cotton: Prices Collapse as Drought Prompts Dryland Growers to Abandon Acres Jul 14, 2022
U.S. cotton growers pressed by drought are expected to abandon almost a third of planted acres against a backdrop of collapsing prices that are causing a bit of head scratching, […]
Rice Market Takes Sharp Turn Lower Jul 10, 2022
The rice market took a sharp turn lower following the June 30 USDA reports, as did soybeans. By the way, November soybeans traded to $15.07 ¾ on June 30th (report day) […]