The charts and the seasonal tendencies of the rice market appear to be moving lower at this time. Asia rice prices have stabilized at this time and some prices in Asia have firmed a bit. June 1 st generally starts the monsoon season. The progress of this season needs to be watched. There are some rice producing countries in Asia that are very dry along with Pakistan.
China is dry in some of there rice producing areas.
Please give me a call to talk about the use of options to manage the price risks of your crop. Futures and options may not be a suitable investment for all individuals and individuals should carefully consider their financial condition in deciding whether to trade. Option trades should be aware that the exercise of long option will result in a futures position. Past performance is not necessarily indicative of future results. This material was gathered from sources believed to be reliable, however no guarantee to its accuracy is made.