Early Rice Harvest Anticipated Along the Gulf Coast
The growing season continues across the U.S. unabated even as weather patterns and market conditions shift from the previous weeks’ trends. In the export sales report this week, it was another net negative week, with sales reductions more than offsetting new sales registries, as was the case two weeks ago, while not terribly encouraging, it is not terribly surprising either. There is a dearth of rice left in the supply chain to sell, and until new crop harvest mitigates the shortfall, it is possible, if not likely, that further “negative” weeks will be seen.