Rice Outlook: US Export Forecasts Lowered For Both 2019/20 & 2020/21

There were several changes this month to both the 2019/20 and 2020/21 U.S. rice balance sheets. For 2019/20, imports were raised, domestic use increased, and exports were lowered, resulting in a 1.5-million-hundredweight (cwt) increase in the ending stocks forecast. For 2020/21, carryin, imports, and domestic use were revised up, while exports were lowered slightly.