Bearish Rough Rice mostly flat today, trading at $16.84

Rough Rice is on a 4 day downtrend Today is looking a bit better: CME Rough Rice trades at $16.84 per cwt, after ending yesterday at $16.83.

United States Initial Jobless Claims is next today at 12:30 UTC.

Rough Rice's state is reflected by market data as United States Crude Oil Inventories released earlier showed a marked improvement to -3.74 million from the preceding data of -7.49 million, but fell short of the -2.33 million figure forecast by a consensus of market analysts. United States ISM Non-Manufacturing PMI (Mar) came out at 51.2, while a consensus of analysts was expecting 54.5. United States ADP Nonfarm Employment Change (Mar) released yesterday at 12:15 UTC with a figure of 145,000, while the previous figure was 261,000.

Japanese candlestick formations show 'Bullish Harami' is a candlestick chart indicator used for detecting reversals in an existing bear trend. It is generally indicated by a small price increase that's contained within a broader downward price movement and is commonly associated with a bearish trend coming to an end.

Meanwhile, mixed performances are seen in other Grains as Corn gained 3.59% and is now trading at $650. Oats is up 1.18% to $342.

Moreover, as things stand, upcoming United States Non Farm Payrolls data is projected to fall short of market expectations with newly published data of 240,000, following on from the preceding figure of 311,000. New data is set to be published tomorrow at 12:30 UTC. Projections for United States Initial Jobless Claims are set for a continuation of decline with 200,000 while previous data was 198,000; data will be released today at 12:30 UTC. United States Unemployment Rate is expected tomorrow at 12:30 UTC.

The Rough Rice future has fallen back around 9% from the significant high of $18.49 set a month ago.