🍚✨ Rough Rice Futures (ZR1) — Market Snapshot ✨🍚
📉 Trend: Range Bound
🌾 Ample global supply and weak demand continue to pressure prices.
🌍 Record global production has added further weight to the bearish sentiment.
📊 Technical Indicator: 🔁 Heading Toward “Three White Soldiers” Pattern
🐦 After prolonged weakness, prices show signs of potential bottoming, with early signals of a bullish reversal pattern emerging — watch closely for confirmation.
💰 Support: 🟢 10.18 USD/cwt
🎯 Market expected to remain sideways until clearer cues emerge from demand recovery or policy announcements.
📊 Open Interest: 📄 12.43 K contracts
🪙 Reflects steady market participation, as both hedgers and speculative traders await direction.
🌾 Future Type: 🍚 Rough Rice (ZR1)
📍 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.
