Agfax Buzz:

    December 12, 2012

    AFB Rice Close: Futures Take Big Hit

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    Rice Comment
    Rice futures took a hit late in the session and closed substantially lower. Demand remains steady with mills look into the first of the year. January futures have resistance at $15.60, which if penetrated would suggest a potential move to $15.82 which is the 62% retracement objective.




    Long Grain Cash Bid for Dec 1415/cwt  to - – -
    NC 1451/cwt  to - – -

     

    Chicago Futures: Jan down 17 1/2 at 1534 1/2
    March down 17 at 1566 1/2
    May down 17 at 1599 1/2
    July down 17 at 1616 1/2
    Sept down 15 at 1551
    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 Your email will not be published or shared with third parties.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

    Keith Good: EPA’s Water Rule Approved by Internal Review Board10-24

    AFB Rice Close: Sharply Lower Under Heavy Pressure10-23

    Arkansas Rice: Crown Sheath Rot Unusually Severe in Medium-Grains10-23

    Advances in Farming Technology Continue to Aid Mother Nature — DTN10-23

    U.S. Energy: Crude Exports, Re-Exports Continue to Rise10-23

    Gasoline Prices: Show 9-Cent Decrease10-23

    Propane Stocks: Increase by 0.2M Barrels10-23

    Diesel Prices: Average Drops 4 Cents10-23

    Keith Good: EPA’s Approval of Enlist Duo Herbicide Challenged by Suit10-23

    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

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

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

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

    AFB Rice Close: Futures Recover from Early Losses10-17

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