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World Agricultural Outlook Board Chair Mark Jekanowski says USDA has raised its season market average price forecast for rice, even though rice supplies are not tight.
Matt MacLachlan, USDA economist, reviewing what the Consumer Price Index shows when it comes to last month's price hikes for meats and other food products.
Rainy weather in India did help with record levels of rice production, but the moisture also damaged the country's cotton crop. (Stephanie Ho and WAOB Chair Mark Jekanowski)
USDA's World Supply and Demand report Wednesday projected limited short term grain market effects from the Ukraine situation, but more of an effect coming from what's happening in South America. (Gary Crawford)