• By Mary Hightower •
A global economy loosened from a pandemic’s grip has bright spots in terms of farm income and land values, but COVID-19 is still influencing supply chain and consumer behavior, according to a report released recently...
• By Bonnie Coblentz •
High commodity prices in 2021 pushed Mississippi agriculture to a sharp increase in total value — a record estimated $8.33 billion — despite a huge decline in government assistance aimed at coronavirus relief.
Agriculture’s estimated value...
• By Scott Stiles •
The focal point for the rice market this week was the U.S. Department of Agriculture’s monthly WASDE report released on Tuesday, Oct. 12. Changes to 2021/22 long-grain production were relatively minor.
However, there was a slight...
• By Scott Stiles •
After touching $14/cwt. in trading Monday and Tuesday, November rice futures turned lower to finish the week. Renewed strength in the U.S. dollar may have played a role in the rice market’s weakness.
In trading Tuesday,...
“If you fail to plan, you are planning to fail.” Crop farmers should take this adage to heart when marketing their grain, advised University of Missouri Extension agricultural economist Martyn Foreman.
“If you haven’t already developed a post-harvest grain marketing...
• By Scott Stiles •
Rice futures pushed beyond key resistance this week. In trading Tuesday, the November contract managed to close above $13.80 for the first time since Aug. 16. Nearby chart resistance is at the August high of...
• By Scott Stiles •
Solid gains this week in Chicago Board of Trade rice futures following the September WASDE. The November contract closed higher in four straight sessions, gaining 48 cents before hitting chart resistance at $13.80 Thursday, Sept....
• By Scott Stiles •
Favorable news Friday in U.S. Department of Agriculture’s supply/demand and crop production reports. November rice futures closed 17 cents higher at $13.48 per cwt. following the reports. USDA made several adjustments to the new crop...
• By Scott Stiles •
Hurricane Ida did not provide the anticipated boost to the rice market this week. Rice futures followed the path of corn and soybeans, trading lower Monday, Tuesday and Wednesday.
November rice did settle 6 cents higher...
• By Scott Stiles •
Trade was sharply lower this week in rice futures and other Chicago Board of Trade grains. Specific to the rice market, the U.S. harvest overall is in step with the five-year average and luckily avoided...
• By Scott Stiles •
Rice futures began the week higher with Monday’s crop progress indicating a slow start to harvest in Louisiana and Texas. Given that, the market kept a close eye on a tropical system heading into the...
• By Scott Stiles •
Rice trade moved mostly lower 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 offered no spillover help...
• By Scott Stiles •
The big news this week came on Thursday, July 29, 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.
September rice futures followed...
• By Scott Stiles •
On July July 11, 2021, the U.S. Department of Agriculture released its monthly World Agricultural Supply and Demand Estimates report. The most significant adjustments this month for long-grain were made to the old crop (2020-21)...
• 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....
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