U.S. Rice Futures Rise – Steady Uptrend Amid Seasonal Support
U.S. rough rice futures on the Chicago Board of Trade posted solid gains across all active contracts. July delivery climbed nearly 2%, reflecting ongoing seasonal support and planting concerns in key regions.
📊 CBoT Rough Rice – Closing Prices (US-Cent/cwt)
| Contract | Close | Change | Change (%) |
|---|---|---|---|
| Jul 25 | 13.17 | +0.26 | +1.97% |
| Sep 25 | 13.34 | +0.24 | +1.87% |
| Nov 25 | 13.47 | +0.21 | +1.62% |
| Jan 26 | 13.63 | +0.23 | +1.72% |
| Mar 26 | 13.77 | +0.27 | +1.96% |
| May 26 | 13.93 | +0.27 | +1.94% |
| Jul 26 | 14.10 | +0.27 | +1.92% |
📌 1 cwt (hundredweight) = 45.36 kg
🌾 Market Insights
- 🌧️ Weather-related planting delays in Arkansas and Mississippi are driving speculative buying.
- 🔄 Short-covering was also observed in the nearby July contract ahead of the long weekend.
- 🛢️ Softer energy markets may help cap freight costs, stabilising export margins.
- 📉 Export volume remains moderate, with no major tenders reported this week.
🔮 3-Day Price Forecast
| Date | Jul 25 Estimated Range (US-Cent/cwt) |
|---|---|
| May 27 | 13.05 – 13.25 |
| May 28 | 13.00 – 13.30 |
| May 29 | 12.95 – 13.35 |
🧭 Conclusion & Strategy
✅ Buyers: Secure short-term coverage as prices trend upward.
🚜 Producers: Monitor planting windows closely – weather volatility could shift market sentiment.
📈 Traders: Technical momentum is positive – support at 13.00 cwt, resistance near 13.40 cwt.