Getting your player ready...
CHICAGO — Rice fell to the lowest price in almost two weeks after a government report showed U.S. planting accelerated last week and grain sales slowed, easing concern of a global food crisis.
Farmers in the U.S., the world’s third-largest exporter, planted 44 percent of their rice crop as of April 27, up from 26 percent a week earlier, the government said.
Rice for July delivery fell 75 cents, or 3.2 percent, to $22.93 per hundred pounds on the Chicago Board of Trade, the lowest for a most-active contract since April 16.
