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Rough rice futures rose above $10 per hundredweight but stayed near their lowest since December 2016. Traders cited ample supply from large harvests in India and Indonesia, and Indonesia reported record rice stocks.
Large Asian supplies keep the global rice benchmark depressed, so any futures rally is likely to be limited.
After 31 past neutral weather events, Rough Rice moved a median -0.0% over 5 sessions (48% higher; middle half -2.1% to +2.1%), and -1.5% 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.