After five days of declines, Rough Rice is up 5.5 cents today

After closing the previous trading day at $16.85, Rough Rice is up to $16.91 per cwt, which makes for a move of 0.33%/5.5 cents today.

Rough Rice is currently trading at $16.91 following the release of Philadelphia Fed Manufacturing Index (Apr) data from the United States.

Nevertheless, Crude Oil Inventories in United States fell short of market expectations (-1 million) with a reading of -4.58 million, continuing the decline from the previous figure of 597,000.

Meanwhile, United States 20-Year Bond Auction released yesterday at 17:00 UTC with a figure of 3.92, while the previous figure was 3.909. United States Cushing Crude Oil Inventories came out at -1 million, while a consensus of analysts was expecting 622,000.

Though Rough Rice is going up, other Grains are underperforming — Corn is trading around $628 (down $8.5). Soybeans closed at $1,466 (down 0.86%). Oats is down to $337.5, losing $4, after closing at $341.5 in the preceding trading session.

Furthermore, the market is looking at United States Existing Home Sales (Mar) is scheduled for today at 14:00 UTC.

The Rough Rice future reached a significant high of $18.49 around 2 months ago but has lost 8.87% since then.