The Rogers International Commodity Index will cut its Chicago Board of Trade wheat holdings while boosting its investment in rice in January.

Rogers will reduce the weight of CBOT wheat in its index to 4.75 percent from 6 percent, it said in a statement released on Monday morning. Its rice weighting will rise to 0.75 percent from 0.50 percent.

Additionally, the index will add NYSE Liffe milling wheat to its portfolio at the weight of 1 percent.

The changes will be re-evaluated at the Rogers International Commodity Index’s next annual meeting in December 2011.

At 10:29 a.m. CST (1629 GMT), CBOT March soft red winter wheat wheat WH1 was down 4 cents at $7.79 a bushel. CBOT January rice futures RRF1 were down 17-1/2 cents at $13.22 per hundredweight.