AFB Rice Close: Futures Turn Higher

Ernst Undesser
By Ernst Undesser April 2, 2012 18:51

The Latest

 

AgFax Media. LLC

142 Westlake Drive Brandon, MS 39047

601-992-9488 Office

Owen Taylor Debra L. Ferguson Laurie Courtney

      

Circulation Questions?

Contact Laurie Courtney

 

Rice Comment
Rice futures turned higher. USDA says 2.561 million acres of rice will be planted this year, down from 2.689 million last year. However, long grain acreage is expected to top last year’s acreage at 1.864 million acres. Declining production should provide underlying support for the market. At the same time, poor export movement keeps everything in touch with reality.

        
         
Long Grain Cash Bid for March 1309/cwt  to – – –
NC 1382/cwt  to – – –

 

Chicago Futures: May up 12 at 1488 1/2
July up 12 at 1515 1/2
Sept up 11 at 1538
Nov up 8 at 1560
March ’12 unchanged at 1600

Today’s Arkansas LDP rate for long grain rice is

medium grain rice is


Ernst Undesser
By Ernst Undesser April 2, 2012 18:51

The Buzz