Rough Rice is down to $16.96 per cwt, after ending yesterday at $17.09. Overall, a 0.76% loss or 13 cents today.
United States's Pending Home Sales new data released of -5.2% below its previous figure.
United States Pending Home Sales published today at 14:00 UTC came out at -5.2%, falling short of the 0.5% projections and continuing its decline from the previous 0.8% figure. Following a previous reading of 2.6, GDP in United States released today at 12:30 UTC fell short of the two figure expected by analysts with an actual reading of 1.1.
On the flip side, data for United States Initial Jobless Claims published today at 12:30 UTC came out at 230,000, beating projections of 248,000 and showing improvement over the preceding figure of 246,000.
Taking a look at other Grains commodities, negative performances are evident as Corn is down $18.25 from the beginning of the session and now trades around $582.75. Oats is down to $313.5, losing $13, after closing at $326.5 in the preceding trading session. After ending yesterday's session at $1,414.75, Soybeans lost $8.25 and is trading around $1,406.5.
Furthermore, United States Core PCE Price Index (MoM) (Mar) is expected tomorrow at 12:30 UTC.
CME Rice reached a significant high of $18.49 around 2 months ago but has lost 7.54% since then.