Agfax Buzz:

    April 20, 2012

    AFB Rice Close: Futures Ended Higher And Reclaimed Earlier Declines

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    Rice

    Rice futures closed higher for the day, but mostly reclaimed yesterday’s decline. Trading is in a consolidation pattern with September finding resistance just above $16. Clearly, there is a concern about the Southern rice acreage, which appears to have contracted, as a result of high fertilizer costs and a good alternative with soybeans or perhaps corn. However, realistically it doesn’t appear that current futures are sustainable. Export demand for the U.S. rice remains poor.




    Long Grain Cash Bid for April 1374/cwt  to - – -
    NC 1446/cwt  to - – -

     

    Chicago Futures: May 16 1/2 at 1550 1/2
    July 16 1/2 at 1576
    Sept 17 at 1595 1/2
    Nov 14 1/2 at 1616
    March ’12 3 1/2 at 1656 1/2
    Today’s Arkansas LDP rate for long grain rice is
    medium grain rice is

     


    Leave a Reply

    Name and Email Address are required fields. Your email will not be published or shared with third parties.

    Agfax Rice News

    Arkansas Rice: Harvest 40% Through, Yields Inconsistent9-19

    Texas Rice: Weevil Loves to Eat Hemp Sesbania9-19

    U.S. Rice Growers Have a Market Opportunity in North Africa9-19

    Rice Crop: Texas, Louisiana Harvests Wrap Up, Rains Slow Progress in Delta9-19

    Rice Market: Short Side Dangerous, Long a Test of Patience9-19

    AFB Rice Close: Ends Week on Positive Note9-19

    Keith Good: Soybean Futures Hit 4-Year Low; Wheat, Corn Tumble, Too9-19

    AFB Rice Close: Higher Within Yesterday’s Range9-18

    Most Farmers Willing to Take More Steps to Improve Water Quality, Says Study9-18

    Updating ARC-CO and PLC Payment Indicator for 2014 Crop Year9-18

    U.S. Drought Outlook: Improvements in Texas, Southwest9-18

    U.S. Energy: Shale-Focused Companies’ Financial Performance Improves9-18

    Gasoline Prices: Average Falls 5 Cents9-18

    Propane Stocks: Rise by 1.4M Barrels9-18

    Diesel Prices: Decrease by a Penny9-18

    Keith Good: USDA Approves Use of Dow’s New GMO Corn, Soybeans9-18

    California: 42 Counties Designated Natural Disaster Areas9-17

    DTN Fertilizer Trends: Rabobank Forecasts Higher 3Q Retail Prices9-17

    Keith Good: 18.3B Bushels of Corn, Soybeans — Where to Put it All?9-17

    AFB Rice Close: Down in Narrow Trade9-16

    Non-Land Production Costs Unlikely to See Much Decline in 20159-16

    Rice Outlook: U.S. Production Forecast Lowered to 218.3M Cwt9-16

    Keith Good: USDA Rates Corn Crop 74% Good or Excellent, Soybeans 72%9-16

    Texas: Corn Harvest Begins to Wind Down – USDA9-15

    California: Rice Harvest Begins in Record Heat – USDA9-15

    Mississippi: Corn Harvest Winding Down, Soybean Harvest in Full Swing – USDA9-15

    Arkansas: Rains Slow Harvest, Corn Yields Look Good – USDA9-15

    Missouri: Corn Harvest Stalled by Rain in Some Areas — USDA9-15

    Louisiana: Rains Slow Harvests, Rice Harvest Wrapping Up – USDA9-15

    Flint on Crops: Variety Trials are Worth Your Attention9-15

    Keith Good: Cargill Sues Syngenta Over GMO Corn Rejected by China9-15

    AFB Rice Close: Futures See More Solid Gains9-12

    Keith Good: Record Demand for Corn, Soybeans Also in USDA Forecast9-12

    AFB Rice Close: Solid Gains Across the Board9-11