Agfax Buzz:

    May 7, 2012

    AFB Rice Close: Futures Firm for a Slightly Higher Finish

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    Rice Comment
    Rice futures firmed late to close slightly higher. The market has found support at the 62% retracement objective. However upside potential would appear to be limited given the current state of the market. The Thai market has firmed on an artificially tight supply situation. They have what is believed to be a huge stockpile of new crop intervention stocks, almost 12 mmt, and that supply could come to market at some point. Other origin rice is generally a little weaker.

    Long Grain Cash Bid for May - – -  to - – -
    NC - – -  to - – -

     

    Chicago Futures: May up 1 at 1496 1/2
    July up 1 at 1521 1/2
    Sept up 3 at 1544 1/2
    Nov up 3 at 1566 1/2
    March ’12 up 3 at 1604

    Today’s Arkansas LDP rate for long grain rice is

    medium grain rice is

    Tags: ,

    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 Your email will not be published or shared with third parties.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: Rain Continues to Delay Planting – USDA3-30

    Missouri: Free Pesticide Collection Day, Portageville, May 303-30

    AFB Rice Close: Futures Consolidate Below Resistance3-30

    Louisiana: Rice Planting Takes Off – USDA3-30

    Arkansas Rice: 13 Frequently Asked Questions About N-STaR3-30

    Louisiana Rice: 2 New Clearfield Lines Show Some Promise3-30

    DTN Fertilizer Outlook: Spot Shortages to Drive Domestic Prices3-30

    Texas Rice: Section 18 Requires More Work Than You Might Think – Mo Way3-27

    Rice Market: Export Pace Continues Strong, Still Not Much Planting3-27

    ARC-PLC Deadline Extension: 77% of Farmers Have Made a Decision – DTN3-27

    Mississippi: Fertilizer Costs – Everything Old Is New Again3-27

    Base Acres and ARC-PLC Deadline Extended to April 7 – No Surprise Here.3-27

    Corn Maybe Has More Bullish Potential Than Beans Ahead Of USDA Projections3-27

    Death Tax: South Dakota Congressman Pushes Repeal, Tells Her Story – Video3-26

    Rice Planting: Rain Delays – Don’t Panic3-26

    Video: Summary of U.S. Drought Monitor in One Minute3-26

    Drought Monitor: Warm, Dry Weather Further Depletes Snowpacks3-26

    Residential Propane, Heating Oil: Prices Decrease3-26

    Diesel: Prices Decrease3-26

    Gasoline: Prices Up Slightly3-26

    U.S. Energy: Gasoline Specifications Change and So Does the Price3-26

    Marketing: Are You Really Getting the Best Price for Your Crop? – farmdoc3-25

    Arkansas Rice: Reduce Disease Risks with Proper Management3-25

    AFB Rice Close: Unable to Hold Daily Highs3-24

    Non-Family Farm Managers: Proof Required for Program Payments, 2016 – DTN3-24

    Glyphosate Harmful to Humans? Time for a Throw Down. – AgFax3-23

    AFB Rice Close: Weather Causes Production Concerns3-23