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Rough rice in Rio Grande do Sul closed at R$83.73 with growers holding back lots, and the dollar above R$5.60 opened an export window. US long-grain rice fell more than 30% and was quoted at USD 435 per tonne, and the national corn average rose 1.27% to R$63.03 per bag.
A sharp US long-grain crop decline and a firmer Brazilian rice market tighten supply for the rice trade. Brazilian corn firmness and a weaker real support export competitiveness for corn.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.