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Meet the Speakers
About this Session
What will the US rice market look like in early 2021?
Presented by: Milo Hamilton, President and Senior Economist, Firstgrain Inc.
Right now that seems like a decade into the future. Here is why. By then, China will have suffered the worst growing season since 1961 and yet they expect a bumper rice harvest. Go figure! India will have a bigger crop but its neighbors, not so much. Most likely drought will trim acres in South America despite huge rice prices currently. The US faces a much larger crop, huge domestic demand, and a delayed start to its exports because the stocks were so tight. Over the next 6 months the US Dollar should weaken, and we will know who will be in the White House after a bitterly fought campaign.
One thing is likely: we will have left a crucial something out of our list Why so? It is because last year at this time we did not forecast near record rice prices in June, a near record price drop in July, a global pandemic, the near-record storm in Louisiana and urban race riots, massive unemployment, the unprecedented collapse and rebound in US equities. Oh yes, we forgot to mention that two of the three largest fires in California history are raging across the state right now. Fire, wind, rain, disease, financial ruin. What horsemen of the Apocalypse did we fail to mention?
How to Expand your Marketing with Indigo Marketplace.
Presented by: Win Coleman, Regional Merchandising Director for rice, Indigo AG
Presented by: Ethan Lamont, Regional Merchandising Director West Region, Indigo AG
Presented by: Rhett Butler, Grower Account Manager Rice – North Arkansas, Indigo AG
Presented by: Austin Fitts, Grower Account Manager Rice – South Arkansas/Mississippi/N. Louisiana, Indigo AG
Presented by: Enrique Cruz, Grower Account Manager Rice – Texas/Louisiana, Indigo AG
Will discuss how Indigo Marketplace and our portfolio of pricing tools can offer a new layer to a grower’s marketing strategy. We will also highlight our rice supply agreements (Anheuser-Busch) and ways to look at new opportunities.