The USDA has tightened the domestic balance sheets for cotton and rice.

U.S. rice ending stocks are now projected at 42.5 million hundredweight, a million less than January with a cut in imports more than canceled out by an increase for exports.

Global rice ending stocks were below a month ago, while production and exports were modestly higher.

Cotton ending stocks are expected to be 2.8 million bales, 100,000 under last month with an increase in exports against a decrease in domestic use.

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