UACES Facebook Firstgrains Milo Hamilton, US and Global Rice Market Outlook, Big Picture Perspective
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Bobby Coats
Professor - Economics

University of Arkansas System Division of Agriculture
Department of Agricultural Economics and Agribusiness

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Firstgrains Milo Hamilton US and Global Rice Market Outlook Big Picture Perspective

by Bobby Coats - February 26, 2019

We are coming through a tough period for rough rice: the longest shutdown in US history, interminable rainy periods, not much land prep so far, record cold days, unprecedented trade war with China, nothing is profitable to grow now, some record low volatility readings, not so bullish bean price, uncertain rice plantings. All this spells “rice bottom” but the real answer is to have an action plan that improves your average return with high or low prices you will face during the spring. Watch closely South America, Asia not so much.

Milo Hamilton, President Firstgrain

Milo Hamilton, President Firstgrain is an agricultural economist by training and president and founder of Firstgrain, an advisory service for the world rice industry. Previously, he ran one of the largest rice buying teams for retail food products in the world. Mr. Hamilton has been involved, in one way or another, in the rice markets for 33 years. He has been instrumental in the birth and development of the CME Group rice futures contract in Chicago. He has served on the boards of many rice associations, advises customers throughout the global rice marketing chain, and is senior editor of the weekly publication, the Firstgrain Rice Market Strategist. As a global authority on rice, world wire services regularly quote his ideas. Mr. Hamilton has written many articles for various agricultural publications. His expert viewpoints have been featured in The Wall Street Journal, CNN, Reuters, Dow Jones and DTN The Progressive Farmer news services. Over the years, Mr. Hamilton has spoken at many conferences both within the U.S. and abroad about the market outlook for rice. He is passionate and knowledgeable, a true storyteller.

Milo Hamilton lives in Austin, Texas with his wife, Jan, and his little Pomeranian, Penney. He is surrounded by his children and their families.