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 Your email will not be published or shared with third parties.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

    AFB Rice Close: Futures Lower Across the Board8-28

    Missouri Rice: Managing Fall Armyworms8-28

    Missouri: Moth Trap Data for Bootheel Pests8-28

    Rice Harvest Eases Into Gear In Midsouth – AgFax8-28

    Ag Drones Under Scrutiny: Farmers Impatiently Await FAA Rulings – DTN8-28

    AgFax Rice Review: China Could Be Big U.S. Market; Drip Irrigation Good for Yields, Environment8-28

    Farm Program Decisions Hinge on Uncertain 2014 Crop Prices8-28

    John Deere Lays Off 460 from Waterloo, Iowa Factory8-28

    U.S. Energy: Retail Gas Prices Follow Crude Prices Lower8-28

    Gasoline Prices: Decline by 2 Cents8-28

    Propane Stocks: Up to 74.7M Barrels8-28

    Diesel Prices: Average Drops a Penny8-28

    Keith Good: Map Controversy Puts EPA on Defensive about Water Rule8-28

    AFB Rice Close: Mostly Higher with Slight Losses in Sept.8-27

    Louisiana: Rice Farmers Learn Latest on LSU Disease Research8-27

    Farm Groups Release Water Maps to Challenge CWA – DTN8-27

    Southwest May Face ‘Megadrought’ This Century, Say Scientists8-27

    Rough Rice: Stocks Down 13 Percent from August 2013 — USDA8-27

    Keith Good: Net Farm Income Forecast at $113.2B, Down 13.8% from 20138-27

    DTN Fertilizer Trends: Prices Unlikely to See Significant Declines8-26

    AFB Rice Close: Trades Lower withing Yesterday’s Range8-26

    Your Farm Business and the Affordable Care Act8-26

    Texas Crop Weather: Watch for Armyworms in Heading Sorghum8-26

    Keith Good: Farm Incomes, Capital Spending Show Decline in 2nd Quarter8-26

    AFB Rice Close: Futures Post Gains8-25

    Missouri: Corn, Soybeans Making Good Progress — USDA8-25

    Arkansas: Harvest Begins in Limited Areas, Rice Fields Being Drained – USDA8-25

    Texas: Crops Make Good Progress, Harvests Underway in Some Areas – USDA8-25

    Louisiana: Harvest Progresses Despite Rain Delays – USDA8-25

    Arkansas: Rice Research Verification Program Update8-25

    DTN Fertilizer Outlook: Domestic Ammonia Prices Increase8-25

    Environmental Health: Farm-Based Nitrogen Emissions Unavoidable, Can Be Minimized8-25

    Keith Good: Lower Corn Prices Leading to Cuts in Ag-Related Jobs8-25

    AFB Rice Close: Futures Unchanged to Lower8-22