Grains traders focused on Rough Rice as it powers 0.79% higher

After closing the previous trading day at $15.24, Rough Rice is up to $15.37 per cwt, which makes for a move of 0.79%/12 cents today.

United States's Initial Jobless Claims new data released of 261,000 below its previous figure.

Nevertheless, United States Initial Jobless Claims published today at 12:30 UTC came out at 261,000, falling short of the 235,000 projections and continuing its decline from the previous 233,000 figure. Crude Oil Inventories in United States fell short of market expectations (1 million) with a reading of -451,000, continuing the decline from the previous figure of 4.49 million.

At the same time, United States Cushing Crude Oil Inventories came out at 1.72 million, while a consensus of analysts was expecting 719,000.

A look at other Grains also shows upside as having closed the previous session at $352, Oats is up 3.2% today to currently trade at around $363.25. Having closed the previous session at $1,178.5, Soybeans is up 0.76% today to currently trade at around $1,187.5.

Other Grains are showing mixed performance as Corn trades around $532.25, with no major change.

CME Rough Rice is now trading 2.9% above the significant low ($14.81) it slumped to 7 days ago.