From USDA
Ag Fax
The outlook for 2021/22 U.S. rice this month is for slightly larger supplies, lower domestic use, higher exports, and larger ending stocks. Supplies are raised slightly as increased beginning stocks and imports more than offset lower production.
Beginning stocks are higher, primarily due to lower estimates for domestic use and residual for 2020/21, as implied by the latest NASS Rice Stocks report. Domestic use is also reduced in 2021/22 by 3.0 million cwt to 153.0 million, although still a record.