U.S. Rice Futures Rise – Steady Uptrend Amid Seasonal Support
U.S. rough rice futures on the Chicago Board of Trade posted solid gains across all active contracts.
July delivery climbed nearly 2%, reflecting ongoing seasonal support and planting concerns in key regions.
📊 CBoT Rough Rice – Closing Prices (US-Cent/cwt)
📌
1 cwt (hundredweight) = 45.36 kg
🌾 Market Insights
- 🌧️ Weather-related planting delays in Arkansas and Mississippi are driving speculative buying.
- 🔄 Short-covering was also observed in the nearby July contract ahead of the long weekend.
- 🛢️ Softer energy markets may help cap freight costs, stabilising export margins.
- 📉 Export volume remains moderate, with no major tenders reported this week.
🔮 3-Day Price Forecast
🧭 Conclusion & Strategy
✅
Buyers: Secure short-term coverage as prices trend upward.🚜
Producers: Monitor planting windows closely – weather volatility could shift market sentiment.📈
Traders: Technical momentum is positive – support at
13.00 cwt, resistance near
13.40 cwt.
