Rice: Tightening US Market To Push CBOT Prices Higher
Commodities / Global / Wed 31 May, 2017
Although the ongoing tightening of the US rice market will help CBOT rice prices to average slightly higher on a y-o-y basis in 2017, prices will remain weak relative to recent years. Other grain prices will prove stronger in 2017, which will support rice prices somewhat this year. The fast rise in China's rice stocks poses downside risks to our