CHICAGO (Commodity Online): US rice futures end higher as the market continues to correct following last week's plunge.
Weak demand has weighed on futures for months, but traders say the prospect of reduced U.S. acreage could limit losses going forward.
CBOT March rice ends up 16 1/2c to $14.10 1/2 per hundredweight. Prices still down 59c since Jan. 26.
Courtesy: CME group