Market Update

• By Scott Stiles • 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 million cwt to 30.1 million....

• By Scott Stiles • For rice, it has been a shortened week of narrow trading ranges and declining volume. Open interest was leaking steadily this week out of the old crop July contract and building gradually over in the...

Expected acreage reductions should yield a manageable crop that will help support prices • By Kurt Guidry • With rice planting continuing to move forward, the number of acres ultimately planted will likely be important to the overall price picture for...

• By Kurt Guidry • As we head into planting season for the 2021 rice crop, the current cash rice market in Louisiana has remained supported in the $20 to $21 per-barrel range ($12.35 to $12.96 per hundredweight). A 500,000...

• By Kurt Guidry • Tight stocks and favorable demand have helped support rice prices for much of 2020, which saw a large increase in rice acres and the potential for drastically higher production and supply levels. Historically, this type...

• By Kurt M. Guidry • Despite several challenges in 2020, the rice market has been resilient and has remained fairly stable. The first challenge was the large increase in acres in 2020, most of which were in long grain....

Even with a projected acreage increase, the market appears better than 2017 as long as demand doesn’t wane. • By Kurt Guidry • The current rice market continues to show strength despite the COVID-19 pandemic and the prospects for larger acreage...

• By Kurt Guidry • The improvement in rice prices over the last half of 2019 and the start of 2020 certainly has created a great deal more optimism in the rice industry. While it likely took longer than most would...

• By Kurt Guidry • The rice market continues to slowly move up as tighter supplies and generally strong demand has helped to support higher prices. While the December 2019 World Supply and Demand Estimates report did not provide many...

• By Kurt Guidry • When examining the market environment for the 2019 rice crop, there are several factors that could be pointed to that would suggest the potential for stronger prices. Adverse conditions at planting, challenging growing season conditions,...

The United States and Korea have reached an agreement on market access for U.S. rice, according to a recent announcement from U.S. Agriculture Secretary Sonny Purdue. Under the agreement, which takes effect Jan. 1, 2020, Korea will provide access for...

The U.S. Department of Agriculture has released a county Market Facilitation Program payment schedule for growers with commodities that have been affected by foreign retaliatory tariffs. The assistance covers specialty crops, non-specialty crops, dairy and hogs. The rates range from...

Three factors influence prices and could help move rice markets from their current doldrums. • By Kurt Guidry • There has been very little positive momentum in the rice market over the past several months. Cash prices in Louisiana are still...

• By Kurt Guidry • The rice market has been quiet over the past couple of months with cash prices moving in a fairly narrow range. Some of this lackluster activity has been the normal seasonal slowdown typical of the holidays...

• By Kurt Guidry • The activity of the rice market has been markedly lower over the last several weeks and looks to have gone into its typical slowdown as we head toward the holiday season and the end of the...