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
Some fields have a spot that consistently does not produce, but don’t ignore those acres. If 156 acres average 200 bu. per acre, but 4 acres average 20 bu., the yield on the 160-acre field drops to 195.5 bu. per acre.
Grains see fund and farmer selling and weekly exports were weak in soybeans & wheat. Cattle rally heading into the COF report, hogs also see new near term highs w/higher cash. Kent Beadle, Paradigm Futures, has more.
El Niño persists, although a steady weakening trend is evident in the oceanic indicators, according to the Australian Bureau of Meteorology.
AgDay TV Markets Now: DuWayne Bosse says the funds aren’t the only ones selling in the grain markets and pushing priced down.
EPA announced it will allow Midwest states to request year-round availability of E15 fuel starting in 2025.
Corn & beans make more new lows and it’s not just fund selling. Wheat erases early gains as well. Live cattle reverse off near term highs pre-COF, hogs close above resistance. DuWayne Bosse, Bolt Marketing, has more.
Cattle hit new near-term highs on any pullback. Hogs higher pushed by cash. Corn bounces off contract lows following wheat. Soybeans struggle with better SA weather. Sott Varilek, Kooima Kooima Varilek, has more.
Mexico will continue to buy corn from the U.S. for livestock feed and industrial use, despite the ongoing formal dispute over its ban on imports of genetically modified (GM) corn for human consumption.
Matt Bennett, AgMarket.Net, says, “When we get down to these levels, I look at what kind of psychological support might be around $4? I personally don’t think you break $4 this early in the growing season.”
Grains end lower on profit taking and farmer selling before the end of the month. Cattle make new highs for the move but are the bulls too optimistic about the CoF Report? Matt Bennett, AgMarket.Net has insight.