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June 22, 2023After closing the previous trading day at $15.61, Rough Rice is up to $15.74 per cwt, which makes for a move of 0.86%/13.5 cents today.
United States's Crude Oil Inventories new data released of -3.83 million below its previous figure.
Nevertheless, highly important Crude Oil Inventories data from United States beat analyst expectations of 1.87 million with a reading of -3.83 million. New United States Initial Jobless Claims data fell short of the 260,000 projected by analysts with a reading of 264,000 while failing to improve upon the previous reading from last month (264,000).
Meanwhile, United States Existing Home Sales (May) released today at 14:00 UTC with a figure of 4.3 million, while the previous figure was 4.29 million.
Rallies can also be seen in other Grains, having closed the previous session at $412, Oats is up 2.25% today to currently trade at around $421.25.
Though the Rough Rice future is going up, other Grains are underperforming — Soybeans is down $37.5 from the beginning of the session and now trades around $1,339.5. Corn closed at $620.5 (down 1.31%).
Elsewhere, United States Services PMI figure is projected at 54. It previously stood at 54.9; data will be released tomorrow at 13:45 UTC.
After hitting an important low of $14.81 approximately 21 days ago, the Rough Rice future has bounced back 5.37% since.
