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Rough rice futures fell 4.13% in 2023 and dropped a further 5.46% in the first quarter, settling near $16.36 per hundredweight. They were trading just under $16.20 on April 5.
Continued weakness in rough rice futures signals ample supply and softer rice prices, which lowers the cost of rice-based feed ingredients.
barchart.comAndrew HechtApr 5, 2024Not 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.
