RJO FuturesCast

Daily Futures Market News, Commentary, & Insight

Agricultural

Door Opens for US Rice Export to China

Posted 07/24/2017 9:27AM CT | Laura Taylor

China is the largest consumer, producer, and importer of rice. But, did you know that China as a whole consumes an entire year of rice grown in the US in thirteen (13) days! China imports almost 5 million tons of rice each year. That door was shut to US rice farmers until now. After a decade of negotiations, US rice farmers will now be able to export to China. It could be months before the first shipment is made due to required inspections. The rice growing states (Arkansas, California, Louisiana, Mississippi, Missouri, and Texas) are celebrating along with the cattle ranchers who will now be exporting their beef to China as well.

 

Check out the Rough Rice Futures Contract Specs here.

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Laura Taylor

Senior Market Strategist
Laura began her career in the financial industry in 1981. In 1985 Laura and some former colleagues developed and organized a new IB division at Index Futures Group. With a partner, she named the division (Brokers Resource Corp.), developed the client base and supervised a staff that serviced guaranteed and non-guaranteed IBs located across the country. She developed the in-house procedures manual and conducted on-site compliance audits. I was also one of the original co-founders of the National IB Association (NIBA) and hosted the very first NIBA conference in Chicago. After Index Futures Group sold their IB division Laura stayed on to manage the new accounts department as vice president of operations and then became their director of compliance. In 1996, as part of ED&F Man, Laura decided to venture into a new role in the commodity industry by putting her AP license to work by developing a client base as a commodities broker. Laura joined RJO Futures in 2011 where she enjoys being a senior commodities broker assisting clients with their trading decisions, the execution of their trades and specializing in automated trading for newsletter and hotline subscribers.
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