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Rice closed slightly higher in consolidation trading as new-crop prices lagged and export demand was uneven. Weather was generally good for US crop development, though heat affected southern areas.
The same commentary covers wheat rallying on Russia's signal it will not renew the Black Sea grain deal, and corn falling on rain forecasts.
Uneven US rice export demand and favourable crop weather weigh on rice, while the Black Sea deal risk supports wheat values that compete with corn in feed rations.
born2invest.comJack ScovilleJun 27, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
