Rice Is Commodity Winner as Weather Cuts Crop in Southern U.S.
- While domestic output is seen falling, export demand is up 42%
- Global inventories fall, Thai crop estimated at 19-year low
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If you’re a commodity investor, rice should be a staple in your diet.
While adverse summer weather conditions in the U.S. have failed to give much of a boost to either corn or soybean prices, one crop is surging: rice. Rough rice traded in Chicago is up 22 percent in the third quarter, the best performer among commodities futures tracked by Bloomberg.