Rice Market Update: New Sales to Iraq Pending Confirmation Jul 22, 2021

🕔Jul 22, 2021
Price drops in Asia continue, and it’s almost confusing given that Thai prices are now right in line with India. Last week we discussed that despite the drop in Thai […]

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 […]

WASDE Rice: Higher U.S. Exports, Ending Stocks Jul 12, 2021

🕔Jul 12, 2021
The outlook for 2021/22 U.S. rice this month is for slightly larger supplies, lower domestic use, higher exports, and larger ending stocks. Supplies are raised slightly as increased beginning stocks […]

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 Update: Lackluster Response to USDA Acreage, Stock Reports Jul 3, 2021

🕔Jul 3, 2021
Cash prices traded sideways this week, despite the two significant USDA reports that were published. Earlier this week, the USDA released both the June Acre report and the June Stocks which […]

Rice Market Update: All Eyes on June 30 Acreage Report Jun 26, 2021

🕔Jun 26, 2021
Although there are a few cash bids surfacing, the cash market is still considered extremely quiet. Because the bids that are surfacing vary significantly, it appears that mills are offering 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 […]

Global Markets: Rice – Philippines Lowers Import Tariff with Potential to Diversify Suppliers Jun 18, 2021

🕔Jun 18, 2021
The Philippines is expected to be the second-largest importer in 2021, and recently announced a change to its import tariffs that has the potential to shift its suppliers. In February […]

Rice Market Update: Iraq Changes Procurement Procedures Jun 18, 2021

🕔Jun 18, 2021
Challenges abound in production for the domestic market, and for shipping logistics in the export market. For long grain in the south, non-stop rains and cloudy weather are drowning the rice […]

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 […]

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