# Rice Trade Consolidation Moved the Price Higher

> 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.

- Date: 2023-06-27 · published 2023-06-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35559-rice-trade-consolidation-moved-the-price-higher
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

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.

## Read by commodity

- CORN: bearish ▼
- RICE: neutral
- WHEAT: bullish ▲

## Sources

- born2invest.com: https://born2invest.com/articles/rice-trading-consolidation-price-higher/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.