War has halted shipments from Ukraine, a major wheat and corn exporter.

Increased value of other grains and oilseeds pushing rice higher.

Higher production in Asian countries driving the increase.

Shipments projected to increase by 9% in 2021-22.

Ending stocks projected lower for the fifth consecutive month.

Inventories of major exporters declining significantly.

Global trade of the commodity has been on the rise.

Global shipments are projected to jump 9% in 2021-22, but logistical problems could lower that figure.

Production continues to climb, but so does consumption.