After three days of declines, Rough Rice is up 5 cents today

After closing the previous trading day at $15.71, Rough Rice is up to $15.77 per cwt, which makes for a move of 0.32%/5 cents today.

Trend analysis indicates that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. According to asset volatility analysis, the Rough Rice future's upper Bollinger Band® is at $15.85, this is a slight indication of a slowdown.

Notwithstanding CME Rough Rice's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

Rallies can also be seen in other Grains, Soybeans is up 0.53% to $1,317. Having closed the previous session at $411.5, Oats is up 0.85% today to currently trade at around $415.

Moreover, macro data could boost sentiment further as United States Consumer Confidence is projected to outperform its last figure with 104, having previously been at 102.3. The figure will be published tomorrow at 14:00 UTC.

Also worthy of note, United States Building Permits will be released tomorrow at 12:00 UTC. United States New Home Sales (May) scheduled to come out tomorrow at 14:00 UTC.

CME Rough Rice hit a significant low of $14.81 around 25 days ago, but has since recovered 6.07%.