CME Rough Rice is range-bound between $18.08 and $18.23 today after shedding 35 cents and closing at $18.14 yesterday.
United States's Non Farm Payrolls new data released of 263,000 below its previous figure.
On the flip side, highly important Non Farm Payrolls data from United States beat analyst expectations of 200,000 with a reading of 263,000.
Amid the market gloom, new United States Unemployment Rate data was unchanged from the previous month and matched analyst projections of a reading of 3.7. United States ISM Manufacturing PMI (Nov) came out at 49, while a consensus of analysts was expecting 49.8.
Rough Rice made an initial break below its 21 day Simple Moving Average at $17.72, a possible indication of a forthcoming negative trend. The Rough Rice future's upper Bollinger Band® is at $18.08 which indicates a further downward move may follow.
In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for CME Rice.
In the meantime, negative performances are also seen in other Grains as Corn closed at $655 (down 0.83%). Oats is down $2.5 from the beginning of the session and now trades around $376.
Furthermore, United States Unemployment Rate figure is projected at 3.7. It previously stood at 3.7; data will be released today at 14:56 UTC.
The commodity has been trending positively for about a month. The Rough Rice future has gained 0.69% over the last 9 days.