Rice

The futures contract on long grain rough rice represents a commodity instrument on the Chicago Mercantile Exchange, used for hedging risks and speculation in the agricultural sector, with the primary trading region in the USA, where it serves as a price benchmark for the global rice market. In 2026-02, indicators ranged from 9.86 USD/hundredweight to 11.27 USD/hundredweight with an average level of 10.68 USD/hundredweight. The price is based on continuous physically settled futures of long grain rough rice No. 2 or better with a total milling yield of not less than 65%, delivery is carried out in CME-approved storage facilities, where 1 hundredweight equals 100 pounds (45.46 kg).