Hurricane Laura has caused damage to the 2020 rice crop in the United States, but cash prices have remained firm due to questions about quality and milling yields. Meanwhile, the South American rice market is experiencing tighter supply due to a drier growing season and reduced planting, potentially providing opportunities for U.S. exports. Brazil has made duty-free access available for up to 400,000 metric tons of rice until the end of the year, despite competition from other suppliers. The U.S. could benefit from increased market share in Central America and Mexico. Additionally, U.S. rice farmers are expecting a $450 million loan from the U.S. Export-Import bank to Iraq to restart its rice imports.