Rice Market: More Medium Grain Planted if California Stays Dry

Export sales are picking up, with this week’s postings totaling 65,100 tons. Long grain took the lion’s share.

There were also 2,000 tons of medium/short milled sold to Jordan and 600 tons sold to Australia out of the 2014/15 crop. This is the second time we have seen very early sales of medium/short sold out of next year’s production, and we wonder if these are buyers trying to assure supplies out of next year’s potentially water-deficient planting in California.