Rough Rice Commodity Markets, Prices & Futures
Use the chart below to check futures prices for rough rice. Click the contract dates for more prices and trends. Cash price reflects the USDA Chicago terminal.
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Latest News From Rough Rice
Randy Martinson, Martinson Ag, says funds are covering shorts and there is new technical buying as well as the markets have cleared some key chart resistance.
The study suggests renewable energy development can coexist with agricultural production in many cases. However, the researchers noted these projects have local socioeconomic effects on rural communities.
Allison Thompson with The Money Farm says a combination of factors drove soybeans higher including South American weather and China economic news. Corn and wheat followed. Cattle futures also made new highs for the move pushed by cash.
Brad Kooima of Kooima Kooima Varilek says cattle are hitting new highs for the move after a chart breakout and pushed by stronger cash last week. Grains are all strong early with soybeans making near term highs on the convergence of several fundamentals.
Farm Journal’s field agronomist Missy Bauer says small seed size can have a major impact on soybean yield, causing yields to swing 15 to 20 bu. per acre.
Jim McCormick, AgMarket.Net, says corn and soybeans ended lower on Friday on farmer selling of both old and new crop inventory. However, both corn and wheat had lower weekly closes which could indicate a trend change.
We recap this week’s price action and provide outlook for the next 5, 30 and 90 day segments.
While bulk grain exports would be largely unaffected, the strike would impact containerized agricultural exports: Soybeans, soybean meal, and other agricultural products exported via containers would be affected.
Scott Varilek, Kooima Kooima Varilek, says cattle are seeing a correction heading into the Cattle on Feed Report. Corn and soybeans are seeing hedge pressure and selling tied to extended forecasts showing rain in Brazil.
The International Grains Council (IGC) trimmed its forecast for 2024-25 global wheat and corn production.