Chicago Board of Trade rough rice futures closed higher on Wednesday as the market continued to correct after Monday's fall to a 3-1/2 month low, traders said. May rice settled 6 cents up at $8.28 per hundredweight, with the back months 6 to 7 higher.
The March contract did not trade and expired unchanged at $8.02.
Speculative buying led the charge higher with buy-stops hit near Tuesday's closing price at $8.22 in May.
But trade was slow amid quiet cash markets, traders said.
In global news, Cambodia's rice harvest hit a record 5.98 million tonnes compared to 4.1 million the previous year, government officials said on Wednesday.
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