Rice Market: Favorable News in WASDE Sep 13, 2021

🕔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

🕔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

🕔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

🕔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

🕔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

🕔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 […]

Rice Market: USDA Numbers Slightly Bullish Jun 14, 2021

🕔Jun 14, 2021
Although the futures market disagreed and closed lower on Thursday, the June WASDE adjustments were somewhat favorable for rice.  The “new crop” or 2021/22 long-grain ending stocks were reduced 2 […]

Rice Market Update: USDA Reports Notable Bullish Factors Jun 11, 2021

🕔Jun 11, 2021
The June WASDE report was released by the USDA this week, and there were some notably bullish factors to discuss. First, the carryover stocks of USDA’s number came in at 30.1 […]

Rice Market: Narrow Trading Ranges, Declining Volume Jun 7, 2021

🕔Jun 7, 2021
For rice last week was a shortened week of narrow trading ranges and declining volume.  Open interest was leaking steadily out of the old crop July contract and building gradually […]

Rice Market: Support on Declining Crop Conditions, Acreage Concerns Jun 1, 2021

🕔Jun 1, 2021
The rice market seemed to find some support this week on declining crop conditions and ideas planted acres may be less than projected two months ago.  In last Monday’s Crop […]

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