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 Your email will not be published or shared with third parties.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: Who’ll Stop the Rain?8-21

    AgFax Rice Review: Japan Resumes Fukushima Exports; India Production Estimates Lifted8-21

    U.S. Drought Outlook: Improvement Across Southwest, California Still Dry8-21

    U.S. Energy: Midland Crude Prices Falling Below Cushing Prices8-21

    Gasoline Prices: Decrease by 3 Cents8-21

    Propane Stocks: Up 2.5M Barrels8-21

    Diesel Prices: Average Drops 1 Cent8-21

    Keith Good: Pro Farmer Tour Findings Pressure Corn, Soybean Prices8-21

    The Glory Days Are Gone: Not Your Daddy’s Farm Program – DTN8-20

    Crop Insurance: Commodity Payment Caps and AGI Restrictions – DTN8-20

    Louisiana: Fertilizer Research Benefits from New Equipment8-20

    Keith Good: Indiana Soybean, Corn Yields Likely to Top USDA Forecast8-20

    Farmland Prices Expected to Stabilize, Possibly Decline8-19

    Crop Insurance: Remember to Verify Acreage History at Local FSA Office8-19

    Louisiana Rice: Tour of Disease Research Plots Set Aug. 26 in Crowley8-19

    Rice Outlook: U.S. 2014-15 Production Projected at 228.8M Cwt8-19

    Keith Good: Grain Transportation Network in U.S. Termed ‘Inadequate’8-19

    Texas: Crop Harvests Underway or Expected to Start Soon – USDA8-18

    Missouri: Rice Headed at 79%, Cotton Setting Bolls at 87% – USDA8-18

    Louisiana: Harvest Checklist for Yield Monitors, Yield Data8-18

    Arkansas: Irrigation Termination in Some Areas, Continues in Others – USDA8-18

    Louisiana: Harvest Underway for All Crops – USDA8-18

    Arkansas: Rice Research Verification Program Update8-18

    Keith Good: Livestock Feed Can Carry Deadly PED Virus, Study Finds8-18

    U.S. Rice Crop: Harvest Underway in Texas, Louisiana; Cooler Temps Elsewhere8-15

    Rice Market News: USDA Number Too High on Ending Rice Stocks8-15

    Arkansas Rice: Harvest Begins in Some Fields8-15

    AFB Rice Close: Futures Finish Mixed8-15

    Mississippi: MSU Scientists Provide Late-Season Crop Advice8-15

    Rice: Horizon Ag Showcases New Clearfield Varieties at Arkansas Field Day8-15

    Keith Good: Midwest Farmland Values Stagnate, Fed Reserve Report Finds8-15

    AFB Rice Close: Futures Rebound Strongly8-14

    Keith Good: Farmers Await EPA Ruling on Updated Herbicide, GMO Seeds8-14

    AFB Rice Close: Mixed with Small Gains8-13