{"id":672719,"date":"2026-09-22T19:25:00","date_gmt":"2026-09-22T19:25:00","guid":{"rendered":"https:\/\/buglecall.org\/?p=672719"},"modified":"2026-09-22T19:25:00","modified_gmt":"2026-09-22T19:25:00","slug":"have-you-seen-the-surge-in-us-rough-rice-futures","status":"publish","type":"post","link":"https:\/\/buglecall.org\/?p=672719","title":{"rendered":"Have You Seen The Surge In US Rough Rice Futures"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">Have You Seen The Surge In US Rough Rice Futures<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p><strong>America&#8217;s rice harvest is forecast to fall to its lowest level in 33 years<\/strong>. CBOT rough rice futures, the benchmark for US long-grain rice before milling, are <strong>surging higher<\/strong> at the end of summer after rising 69% so far this year.<\/p>\n<p><a href=\"https:\/\/www.ers.usda.gov\/topics\/crops\/rice\/market-outlook\">USDA forecasts<\/a> total production at <strong>158.2 million hundredweight, roughly 23% below last year&#8217;s 206.7 million<\/strong>. Harvested acreage is projected at just <strong>2.057 million acres, the lowest since the 1972\/73 season<\/strong>.\u00a0<\/p>\n<p>&#8220;While beginning stocks are raised 4.6 million cwt to a 40-year high of 58.4 million cwt, production is reduced 0.2 million cwt to 158.2 million, a <strong>33-year low, as a reduced forecast for harvested area more than offsets a higher yield<\/strong>,&#8221; USDA wrote in a report.<\/p>\n<p>The good news is that a meaningful supply buffer remains, with the year beginning with <strong>58.4 million hundredweight in inventories, a 40-year high. This will provide a cushion against any lost production.<\/strong><\/p>\n<p>Even with that buffer, <strong>USDA expects ending inventories to shrink to 40.4 million hundredweight, down 31% from a year earlier.<\/strong> Its forecast for the all-rice season-average farm price is $14.90 per hundredweight, about 20% above the previous year.<\/p>\n<p>USDA said there was a &#8220;<strong>notable shift to a relatively tight U.S. supply situation<\/strong>&#8221; from last year&#8217;s harvest to this year&#8217;s.<\/p>\n<p>That is being reflected in CBOT rough rice futures, which have <strong>jumped 69% so far this year to $16 per hundredweight<\/strong> and could be on track to test the $19.65 high reached in the summer of 2023.<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"https:\/\/assets.zerohedge.com\/s3fs-public\/inline-images\/Snag_11c4526c.png\" data-link-option=\"0\" href=\"https:\/\/assets.zerohedge.com\/s3fs-public\/inline-images\/Snag_11c4526c.png\"><img decoding=\"async\" alt=\"\" data-entity-type=\"file\" data-entity-uuid=\"3bc06c2e-6dc6-44ed-a5be-1d6a8ce4c53b\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/inline-images\/Snag_11c4526c.png\" \/><\/a><\/p>\n<p>CBOT tracks US long-grain rough rice. <strong>International prices, especially in <\/strong><a href=\"https:\/\/www.zerohedge.com\/commodities\/grain-feeds-half-world-just-posted-biggest-monthly-surge-2008\"><strong>Thailand, have also risen<\/strong><\/a>.<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"https:\/\/assets.zerohedge.com\/s3fs-public\/inline-images\/Snag_11c4d8e2.png\" data-link-option=\"0\" href=\"https:\/\/assets.zerohedge.com\/s3fs-public\/inline-images\/Snag_11c4d8e2.png\"><img decoding=\"async\" alt=\"\" data-entity-type=\"file\" data-entity-uuid=\"26d959d3-6f47-4236-81aa-6bb554817cc1\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/inline-images\/Snag_11c4d8e2.png\" \/><\/a><\/p>\n<p>Goldman analysts estimate this El Ni\u00f1o could <a href=\"https:\/\/www.zerohedge.com\/commodities\/goldman-sounds-food-crisis-alarm-hormuz-black-sea-el-nino-risks-collide-perfect-storm\">push global food commodity prices up<\/a> more than 15%.<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"https:\/\/assets.zerohedge.com\/s3fs-public\/inline-images\/Snag_11c87dae.png\" data-link-option=\"0\" href=\"https:\/\/assets.zerohedge.com\/s3fs-public\/inline-images\/Snag_11c87dae.png\"><img decoding=\"async\" alt=\"\" data-entity-type=\"file\" data-entity-uuid=\"bc8191fc-564b-4068-8856-7a0f709c6c89\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/inline-images\/Snag_11c87dae.png\" \/><\/a><\/p>\n<p>It is not a great sign when the grain that feeds the world is soaring in price in multiple regions, suggesting further food inflation pressure on household budgets.<\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" lang=\"\" class=\"username\" xml:lang=\"\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Tue, 09\/22\/2026 &#8211; 15:25<\/span><img decoding=\"async\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/inline-images\/Snag_11c4526c.png\" title=\"Have You Seen The Surge In US Rough Rice Futures\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>Have You Seen The Surge In US Rough Rice Futures America&#8217;s rice harvest is forecast to fall to its lowest level in 33 years. CBOT rough rice futures, the benchmark for US long-grain rice before milling, are surging higher at the end of summer after rising 69% so far this year. USDA forecasts total production&hellip; <a class=\"more-link\" href=\"https:\/\/buglecall.org\/?p=672719\">Continue reading <span class=\"screen-reader-text\">Have You Seen The Surge In US Rough Rice Futures<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[17,22,13],"tags":[],"class_list":["post-672719","post","type-post","status-publish","format-standard","hentry","category-border-security","category-immigration","category-immigration-reform","entry"],"_links":{"self":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/672719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=672719"}],"version-history":[{"count":0,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/672719\/revisions"}],"wp:attachment":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=672719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=672719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=672719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}