🍚✨ Rough Rice Futures (ZRH2026) — Market Snapshot ✨🍚
📉 Trend: Range Bound lowest since September 2018
🌾 FAO Projects global rice production for 2025–26 at a record 558.8 million tonnes.
🌍 India’s rice inventories climbed nearly 12% year-on-year to a record high of 57.57 million metric tons.
📊 Technical Indicator: 🔁 Support & Resistance
🐦 After prolonged weakness, prices show signs of potential bottoming, with early signals of a bullish reversal pattern emerging — watch closely for confirmation.
💰 Support: 🟢 9.66 USD/cwt
🎯 Market expected to remain sideways until clearer cues emerge from demand recovery or policy announcements.
📊 Open Interest: 📄 12.42 K contracts
🪙 Reflects steady market participation, as both hedgers and speculative traders await direction.
🌾 Future Type: 🍚 Rough Rice (ZRH2026)
📍 Traded on the Chicago Board of Trade (CBOT) — the benchmark contract for global rough rice pricing.
It’s a caution that the information provided is for knowledge purposes only and should not be taken as a recommendation to buy or sell assets.
