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Rice Futures Hit 22-Month High As Uncle Ben Says ‘I Told You So’
Ok, so here's another one of these "what hath Harvey wrought" fun factoids.
There are going to be a lot of these in the days ahead.
A few minutes ago we noted that RV stocks are on the move (get it?) on Monday as at least one firm expects to see robust demand tied to aid efforts.
Well also getting a lift on Monday were rice futures. "Rough rice futures for Nov. delivery are up 0.1% to $12.72 per 100 pounds after reaching $12.88, the contract’s highest since debut in September," Bloomberg no
The producers will have a bountiful 2nd cutting in late Oct-early Nov & their cost should be lower because they will not have to pay for so much water to flood the fields