US rice futures fell for the first time in three trading sessions on Thursday as global supplies remained plentiful, despite some crop problems around the world, traders said. A rally in the dollar hurt the competitiveness of US rice on the export market as buyers had plenty of options.
Chicago Board of Trade rice for July delivery ended down 8 cents at $11.90-1/2 a hundredweight. USDA said US export sales of rice last week were 65,600 tonnes, down 6 percent from the previous week but up 9 percent from the 4-week average.