The USDA made upward revisions for old and new crop U.S. rice ending stocks, while leaving cotton unchanged.
Old crop rice was up 1 million hundredweight from May at 38.5 million, with higher imports and domestic use cancelling out lower rough rice exports. That increase for old crop ending stocks translates to higher new crop beginning stocks, which was the only change for the new crop rice estimate, not at 34.2 million hundredweight.
