Rough Rice trades at $18.25 per cwt, after ending yesterday at $18.26.
United States Producer Price Index didn't cause a noticeable effect even though it falls short expectations with 0.2%.
This uncertain state for CME Rice is reflected by published market data as United States Producer Price Index released earlier showed a marked improvement to 0.2% from the preceding data of -0.4%, but fell short of the 0.3% figure forecast by a consensus of market analysts. Initial Jobless Claims in United States fell short of market expectations (245,000) with a reading of 264,000, continuing the decline from the previous figure of 242,000. Data for United States Crude Oil Inventories published yesterday at 14:30 UTC came out at 2.95 million, beating projections of -917,000 and showing improvement over the preceding figure of -1.28 million.
Meanwhile, mixed performances are seen in other Grains as Oats is down to $328.75, losing $8.75, after closing at $337.5 in the preceding trading session. Corn goes down 1.3% to trade around $586.25. Soybeans closed at $1,395 (down 0.64%).
The commodity has been trending positively for about 30 days. Rough Rice has recovered 13.38% since descending to a significant low of $16.11 around 10 months ago.