Rough rice futures at the Chicago Board of Trade closed higher on Tuesday on a mild rebound after a series of lower closes, traders said.
May rice ended 2 cents up at $8.36 per hundredweight. The deferreds closed 1 to 5 cents higher.
An estimated 615 futures and 117 options traded, compared with 502 futures that traded on Monday.
The market was pressured early by spillover speculative sales from Monday. But technical buying by Calyon surfaced in new-crop November.
That helped prices turn around. Light buy-stops were hit in July above $8.65.
After the markets closed, USDA said it left the weekly world market price for long grain rough rice unchanged at $6.50 per cwt.
US rice planting was moving ahead.
USDA said late Monday that 22 percent of the US rice crop was planted as of Sunday, up from 11 percent last week and 18 percent for the five-year average.
In the top rice state of Arkansas, 15 percent of the crop was seeded compared to 2 percent the week before.
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