U.S. cotton ending stocks hold, rice up

The USDA has increased its outlook for U.S. rice ending stocks, while leaving cotton unchanged from February.

Rice ending stocks are projected at 34.5 million hundredweight, 1 million more than a month ago following a reduction in the export guess. The average farm price is estimated at $15.90 per hundredweight, up $.20.

There were no changes to the domestic balance sheet for cotton, with an average estimated farm price for upland cotton of $.90 per pound.

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