Urner Barry Releases August Emerging Plant Protein Report
According to the latest USDA WASDE, the outlook for 2021/22 U.S. rice this August is for reduced supplies along with lower domestic use, higher exports, and smaller ending stocks. All rice production was reduced by 2.0 million cwt to 197.4 million, all on lower yields. The all rice yield is 7,544 pounds per acre and is down 76 pounds from the previous forecast. Projected 2021/22 all rice ending stocks were reduced by 4.0 million cwt to 37.3 million, down 15% from a year ago. The all rice season average farm price for 2021/22 has increased $0.10 per cwt to $14.50.
According to the USDA's Rice Outlook for August, persistent rainfall across the South continues to delay crop progress, field operations, and harvest in much of the region. For the week ending August 8, 74% of the U.S. 2021/22 rice crop was reported...
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