Rough Rice is currently projected to be worth 14.86 USD per hundredweight (CWT) by the end of the current quarter, with a further projection to 14.03 USD per CWT in the next 12 months.
Understanding Rice Valuation
The worth of commodities like rice is dynamic, constantly fluctuating based on global supply, demand, market sentiment, and economic factors. For strategic planning and market analysis, commodity prices are often projected based on sophisticated models and expert insights. Specifically, Rough Rice futures in the U.S. market serve as a key benchmark for valuing this staple crop.
Projected Value of Rough Rice
Current market analyses provide clear projections for the future trading value of Rough Rice. These figures represent the expected price per hundredweight (CWT), a common unit of measurement in agricultural commodity markets, equivalent to 100 pounds.
| Timeframe | Projected Value (USD/CWT) |
|---|---|
| End of Current Quarter | 14.86 |
| In 12 Months | 14.03 |
Key Considerations for Rice Prices
- Unit of Measurement: The price is typically quoted in USD/CWT, meaning U.S. Dollars per hundredweight. Understanding this unit is crucial for interpreting the value.
- Future Projections: The provided values are forward-looking estimates, reflecting anticipated market conditions and trends. They are not current spot prices but rather an outlook on future worth.
- Type of Rice: These projections specifically pertain to Rough Rice futures traded in the United States, which is a major global benchmark for the commodity.
Market Dynamics
Factors influencing these projections include global production levels, consumption patterns, weather conditions, government policies, and international trade agreements. The slight decrease projected from the end of the quarter to 12 months out may indicate anticipated shifts in these underlying market dynamics. For anyone involved in the agricultural sector, understanding these projected values is vital for planning, hedging, and investment decisions related to rice.
