Weekly Rice Sales Increase
Net rice sales of 99,400 metric tons (MT) were 3 percent more than the previous week and 27 percent more than the prior four-week average according to U.S. Department of Agriculture Export Sales Highlights report. Increases were reported for Haiti (21,400 MT), Turkey (20,000 MT), Saudi Arabia (16,800 MT), Ghana (10,500 MT), and Honduras (9,100 MT). Exports of 69,200 MT were 47 percent less than the previous week and 17 percent less than the prior four-week average. The primary destinations were Mexico (24,600 MT), Haiti (11,400 MT), Honduras (9,200 MT), Costa Rica (5,000 MT), and Jordan (3,800 MT).
The commodities took it on the chin this week – hard. Still, cotton fared better than the grains with the ICE Dec contract giving up 150 points Vs last Friday