This report is provided by MacroTerms.com

Data as of: 2026-10-30 · Settlement: Exchange settlement (15:00 Beijing close, vs prior settlement)

DCE.RR(RR2612) Deep Analysis Report | Bearish, Short-Open Interest Suppresses Rebound | 2026-10-31

DCE.RR DCE Japonica Rice main force RR2612 is bearish. Core logic: price broke below the 20-day interval midpoint and has been continuously pressured by short-open interest accumulation, with no fundamental reversal driver. As of [10-30 settlement], RR2612 settled at 3490, down 2.97% over 5 days and 3.1% over 20 days, positioned at 31.4% within the 20-day interval of 3436–3630, confirming a clear short bias. Technically, the price showed weak rebound after a downside gap on 10-27, with daily range narrowing but open interest increasing by 888 hands, main position at 22518 hands, indicating active short accumulation suppressing price. The next pivot point P is at 3491.33, essentially aligning with the settlement price; R1 is 3512.67, S1 is 3475.67. Direction invalidation condition: daily close breaks above 3512.67 (pivot R1) and holds, or a sudden fundamental supply contraction event occurs. Macro-wise, China's October manufacturing PMI expected at 49.9, below prior 50.1, weak demand expectations put pressure on rice prices.