During a 6 day uptrend, Rough Rice gained a total of 16.5 cents, or 0.818%. Bucking the trend and turning lower, CME Rice is down to $17.88 per cwt, after ending yesterday at $17.89. Overall, a 0.11% loss or 2 cents today.
On the flip side, positive data for Rough Rice released earlier when highly important Consumer Confidence data from United States beat analyst expectations of 100 with a reading of 100.2.
Meanwhile, United States API Weekly Crude Oil Stock released yesterday at 21:30 UTC with a figure of -7.85 million, while the previous figure was -4.82 million. United States S&P/CS HPI Composite – 20 n.s.a. (YoY) (Sep) came out at 10.4, while a consensus of analysts was expecting 10.8.
Around the markets, mixed performances are seen by Grains as Soybeans moves 0.21% to trade around $1,462.5.
Moreover, United States Pending Home Sales is projected to outperform its last figure with -5%, having previously been at -10.2%. The figure will be published today at 15:00 UTC. United States Crude Oil Inventories is projected to outperform its last figure with -2.76 million. It previously stood at -3.69 million; data will be released today at 15:30 UTC.
Furthermore, United States Core PCE Price Index (MoM) (Oct) will be released tomorrow at 13:30 UTC.
The commodity has been trending positively for about a month. Rough Rice reached a significant high of $18 around 7 days ago but has lost 0.64% since then.