I read two powerful sources today in regards to the upcoming supply issues with rough rice overseas. The first was in the CME Group daily newsletter (free by the way, just go to their website and sign up!) The artice cited the nation of Vietnam, a major global producer of rice, was having difficulties meeting demands and that prices spiked 3.2% in the past week. They are also not providing any quotes to foreign buyers because they simply cannot meet domestic demand.
Another nation having issues... China. That's right I said it. Big Red. According to rice trading phenom Milo Hamilton, China is also not providing foreign buyers any prices due to their inability to export at this time. Sounds like two nations are bound to become net importers this season. Right now I'd let rough rice contracts settle down, but get in and ride up with the rest of the bull market.
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