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Technical Analysis #C-RICE : 2016-03-21

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Monthly USDA report The USDA has released its monthly rice report for March. In 2015/16 farming season the US crops are expected to contract by 5% compared to the previous season. By the end of this season, the rice stocks are to fall by 10% year on year to 43.9mln hundredweights (1cwt=100 pounds, or around 45kg). Will the rice prices edge up? Global rice production is to total 417.1mln tonnes this season which is 2% below the last year’s level, according to USDA report. This is the lowest

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