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 Your email will not be published or shared with third parties.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

    AFB Rice Close: Prices Hammered by Crop Progress5-6

    Propane Stocks Still on the Rise5-6

    Gas Prices Jump Again5-6

    Diesel Prices Continue to Climb5-6

    Weather: 17th Warmest April on Record for Continental U.S.5-6

    Arkansas: Crop Progress on Par with 5 Year Average5-6

    AFB Rice Close: Bearish Key Reversal and Posted Sharp Losses5-5

    Texas Crop Weather: Cotton Farmers Face Price Quandary, Probably Plant Anyway5-5

    DTN Fertilizer Trends: Prices Stay Mostly Stable5-5

    10 Tips to Get the Most Out of Your Sprayer5-5

    Arkansas: Weather More Cooperative Toward Planting – USDA5-4

    Crop Progress: Corn Planting Takes Off, Strong Start for Soybeans – DTN5-4

    AFB Rice Close: Bearish Key Reversal5-4

    Missouri: Planting Speeds Along in Ideal Conditions – USDA5-4

    Louisiana: Some Wet, Some Dry, and a Little Bit of Hail – USDA5-4

    How Do Your Crop Costs Compare? USDA Offers Answers, 2013-20145-4

    Rice Farmers Finally Getting What They Immediately Need – AgFax5-1

    Rice Crop: Rain, Hail Weigh Heavily on Getting Planting Done5-1

    Rice Market: Slow Week Though Export Sale Commitments Increased5-1

    Arkansas Rice: Planting Off and Running5-1

    USDA Announces Commodity Credit Corporation Lending Rates for May 20155-1

    Louisiana: Insect, Disease Management Critical as Ag Exports Increase5-1

    AFB Rice Close: Narrow Trade Moves Lower5-1

    Arkansas Rice Specialty License Plates Now Available5-1

    Mississippi Rice: Planting Halted by Frequent Rains5-1

    AFB Rice Close: Potential for Large Crop to Weigh on Market4-30

    AFB Rice Close: Market Strength Continues4-29

    AFB Rice Close: Planting Progress Offers Support4-28