# Global Ag News for July 11.23 - ADM Investor Services

> A daily ADM global ag wrap reports that Asian rice prices hit a two-year high on El Niño drought risks and importer stockpiling. It also lists overnight futures moves, with wheat, corn and soybeans higher.

- Date: 2023-07-11 · published 2023-07-11T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/5210-global-ag-news-for-july-11-23-adm-investor-services
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

The rice rally reflects weather-driven supply concerns, while the grain moves are routine overnight price changes without a new fundamental catalyst. Impact on feed prices is limited.

## Read by commodity

- RICE: bullish ▲

## Sources

- admis.com: https://www.admis.com/global-ag-news-for-july-11-23/

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