Expected acreage reductions should yield a manageable crop that will help support prices

摘要

With rice planting continuing to move forward, the number of acres ultimately planted will likely be important to the overall price picture for the 2021-2022 marketing year. In its planting intentions report, the U.S. Department of Agriculture pegged2021 rice acres at slightly over 2.7 million.This would be down about 320,000 acres from the previous year, with most of that reduction (about 63%) coming from Arkansas. Much of the reason is believed to be a shift from rice into competing commodities. Prices for com, soybeans, grain sorghum and, to some extent, cotton, have increased to levels at which they are attractive alternatives in some areas of the rice-growing region.