Agfax Buzz:

    April 24, 2012

    AFB Rice Close: Futures End Mixed

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    Rice Comment
    Rice futures ended mixed. USDA says the crop is 65% seeded well ahead of the 5 year average of 45%. Clearly, there is a concern about the Southern rice acreage, which appears to have contracted, as a result of high fertilizer costs and competition for acreage from 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 1387/cwt  to - – -
    NC 5961/cwt  to - – -

     

    Chicago Futures: May down 1/2 at 1566 1/2
    July down 1/2 at 1592 1/2
    Sept down 1/2 at 1611
    Nov unchanged - – - at 16325
    March ’12 up 5 1/2 at 1675

    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 Your email will not be published or shared with third parties.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

    AFB Rice Close: Futures Mostly Higher10-22

    Arkansas: 2 Counties Designated Natural Disaster Areas10-22

    Don’t Just Piggy-Back on Others’ Prices in Ag Commodity Markets10-22

    Keith Good: APH Yield Exclusion Implementation Draws Praise — Mostly10-22

    Farm Shop Dream Requires Thoughtful Planning – DTN10-21

    Texas Crop Weather: El Niño Stalled Out but Cool, Wet Winter Still Predicted10-21

    USDA to Implement APH Yield Exclusion for 2015 Spring Crops10-21

    Arkansas: USA Rice Outlook Conference Set Dec. 7-9 in Little Rock10-21

    DTN Fertilizer Trends: High Costs May Alter Growers’ Tactics for 201510-21

    Keith Good: Tumbling Grain Prices May Prove Costly for Taxpayers10-21

    AFB Rice Close: Reverses Off Positive Early Trade10-20

    Mississippi: Rains Slow Harvest, Lodge Rice, Soybeans – USDA10-20

    Arkansas: Rains Damage Crops, Slow Harvest – USDA10-20

    Missouri: Corn Harvest Over Half Finished, Cotton at 30% – USDA10-20

    Herbicide Resistant Weed Summit’s Slides, Webcast Available Online10-20

    Louisiana: Soybean Harvested Wraps Up – USDA10-20

    California: Cotton, Rice Harvests Speed Along – USDA10-20

    Rice and Sugar: Thailand’s Quest for World Domination10-20

    Keith Good: Lawsuits Concerning GMO Corn Mount Against Syngenta AG10-20

    Rice Market: Sideways Movement Continues10-17

    Rice Crop: Delta Region Saw Harvest Delays with Storms10-17

    AFB Rice Close: Futures Recover from Early Losses10-17

    Mississippi: Harsh Oct. 13 Storm Should Not Hurt Yields10-17

    U.S. Energy: Narrowing Brent-WTI Spread Impacts Global Crude Markets10-17

    Gasoline Prices: Show 9-Cent Decline10-17

    Propane Stocks: Rise by 0.7M Barrels10-17

    Diesel Prices: Average Decreases 4 Cents10-17

    Keith Good: Bumper Grain Crops Create Harvest, Storage Issues10-17

    Keith Good: Fed Cattle Prices Headed for Another Record — Economist10-16

    AFB Rice Close: Reverses Direction and Ends Lower10-15

    Keith Good: World Rice Production to Dip; China May Boost Corn Imports10-15