# Rice market update for the week ending Oct. 1, 2021

> November rough rice futures touched $14 per cwt early in the week but finished lower as the US dollar rallied to a one-year high of 94.52. Diesel rose to $2.36 per gallon after Hurricane Ida, raising trucking, rail and barge costs. Export shipments of long-grain milled rice reached a marketing-year high.

- Date: 2021-10-01 · published 2021-10-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/44643-rice-market-update-for-the-week-ending-oct-1-2021
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar makes US rice less competitive abroad and weighs on futures. Higher freight and fuel costs also add to basis and delivery costs.

## Read by commodity

- DXY: bullish ▲
- RICE: bearish ▼

## Sources

- ricefarming.com: https://www.ricefarming.com/market/rice-market-update-for-the-week-ending-oct-1-2021/

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