Tough start for CME Rice this morning following 0.49% decline; now at $18.39 per cwt

Rough Rice is down to $18.39 per cwt, after ending Friday at $18.48. Overall, a 0.49% loss or 9 cents today.

Moreover, United States Retail Sales is projected to outperform its last figure with 0.7%. It previously stood at -0.6%; data will be released tomorrow at 12:30 UTC. United States Core Retail Sales is projected to outperform its last figure with 0.4%. It previously stood at -0.4%; data will be released tomorrow at 12:30 UTC.

The commodity has been trending positively for about a month. CME Rice now trading 4.64% above its 3-month low of $16.11.