The USDA has increased its U.S. ending stocks guess for rice but left the cotton estimate steady.
The rice carryout for the current marketing year is seen at 43.5 million hundredweight, up 2 million from March with cuts to domestic and residual use canceling out a rise in export demand. In that export estimate, the USDA raised rough rice, while lowering milled rice. Ending stocks of long-grain and medium & short-grain rice both saw increases.
