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The USDA Market News weekly rice review for Arkansas, Louisiana, Texas and California reported milled rice prices steady across most classes. Planting was ahead of average in most states, except Texas.
CME rough rice May futures closed about 16 cents lower at 9.605 per cwt.
Steady milled prices and a modest futures decline reflect balanced domestic supply and demand, with no new price driver.
foxbusiness.comDow Jones NewswiresApr 24, 2017Not 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.
May rough rice futures fell about 16 cents to 9.605 per cwt on 4/24, with planting ahead of average in most states, so this is the same downward price momentum that carried into the 4/25 drop, though it does not identify a new catalyst.
