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 Your email will not be published or shared with third parties.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

    Louisiana Rice: Zinc Identification and Management10-30

    Louisiana Rice: Variety Recommendations for 201510-30

    Louisiana Rice: Herbicide Drift a Past and Future Concern10-30

    AFB Rice Close: Futures Turn Strongly Lower10-30

    Kansas Officials Point Out Flaws in Clean Water Act – DTN10-30

    Ag Secretary Discusses Challenges Facing Future Farmers — DTN10-30

    U.S. Energy: Gas Prices Drop to Lowest Since December 201010-30

    Gasoline Prices: Average Drops 6 Cents10-30

    Propane Stocks: Down 1.3M Barrels10-30

    Diesel Prices: Decrease by 2 Cents10-30

    Keith Good: Drought Impacts California Rice; Farm Land Market Cools10-30

    DTN Fertilizer Outlook: Demand May Fall with Crop Prices10-29

    Arkansas Rice: Plan Early for Disease Management10-29

    Keith Good: Pressure Increases on EPA to Withdraw New Water Rule10-29

    AFB Rice Close: Futures Sharply Lower10-28

    Mississippi Wild Hogs: Trapping Is the Best Control Method10-28

    DTN Fertilizer Trends: Stubborn Prices Pose Dilemma for Grain Farmers10-28

    Keith Good: Corn, Soybean Harvests Advance, Still Behind Average Pace10-28

    AFB Rice Close: Futures Under Pressure10-27

    Missouri: Corn Harvest 68% Complete, Soybeans at 46 — USDA10-27

    AgFax Rice Review: Defense Against Arsenic; Japan’s Modernization10-27

    Group Works to Improve Fertilizer Efficiency — DTN10-27

    Keith Good: GMO Wheat Discovery in Montana Recharges Biotech Issue10-27

    AFB Rice Close: Nearby Contracts Slightly Higher10-24

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

    AFB Rice Close: Sharply Lower Under Heavy Pressure10-23