News

USA: Rice harvest gaining strength, the market in turmoil

Rice
United States
Published Aug 1, 2022

Tridge summary

The USDA reported earlier this week that Texas was 68% headed, which is a little behind schedule. Still, some growers are already tuning up and even running their harvesters. Rice headed is on pace with historical averages for Louisiana, Missouri, and Mississippi, but it’s considerably off in Arkansas where only 19% of the crop has headed. Conversely, in California the early planted rice crop is already 40% headed compared to the norm of 24% for this point and time.

Original content

The USDA reported earlier this week that Texas was 68% headed, which is a little behind schedule. Still, some growers are already tuning up and even running their harvesters. Rice headed is on pace with historical averages for Louisiana, Missouri, and Mississippi, but it’s considerably off in Arkansas where only 19% of the crop has headed. Conversely, in California the early planted rice crop is already 40% headed compared to the norm of 24% for this point and time. While it is too early into the harvest along the Gulf Coast, first reports are indicating good yields of 42 to 63 barrels per acre. Quality is unknown but what few samples have been graded have resulted in a 55% or better milling yield. No one in any area of the rice growing region has escaped weather and water problems. Bottom line is until this crop is cut, dried, and stored, the real impact on the market is unknown. The Iraqi sale reported a couple of weeks ago continues to be a dominate factor in the long grain ...
Source: Agfax
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