The USDA increased its domestic rice ending stocks estimate, while cutting cotton.

Rice ending stocks are seen at 42.9 million hundredweight, up 3.5 million from March, because of reduced expectations for both imports and exports.

Cotton ending stock are projected at 3.9 million bales, down 300,000 on the month, due to higher exports and the USDA zeroing out unaccounted for cotton, which is the difference between the previous marketing year’s supply, total use, and ending stocks.

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