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AFB Rice Close: Futures Firm to Finish Slightly Higher

Ernst Undesser
By Ernst Undesser April 25, 2012

Rice Comment
Rice futures firmed to close a little higher for the day. No doubt smaller U.S. plantings are driving the boat. There is little other fundamental news to support the market. International markets are mixed. Available Thai stocks are dwindling and that market has firmed, but 10 mmt of intervention stocks are tucked away and could come to market at some point in the future. An intervention program in Vietnam failed to firm that market.

Long Grain Cash Bid for April 1395/cwt  to – – –
NC 1470/cwt  to – – –


Chicago Futures: May up 8 at 1574 1/2
July up 7 1/2 at 1600
Sept up 8 1/2 at 1619 1/2
Nov up 9 at 1641 1/2
March ’12 up 2 1/2 at 1677 1/2

Today’s Arkansas LDP rate for long grain rice is

medium grain rice is

Ernst Undesser
By Ernst Undesser April 25, 2012