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U.S. rice sales to Iraq were announced on July 29, pushing nearby rough rice futures up to $13.85 at one point. September futures then followed other CBOT grains lower on Friday, though the contract remains in an uptrend channel since July 12.
A new export sale to Iraq supports U.S. rough rice demand, but the weekly move was modest and tied to broader grain weakness, so the price effect is limited.
ricefarming.comVickyJul 30, 2021After 189 past bullish trade events, RICE moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% over 20.
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.
