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    January 18, 2013

    AFB Rice Close: A Little Lower With Higher Movements

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    Rice

    Rice closed the week a little lower as the market cant string consecutive days of higher movement together. Overall world supplies are capping upside potential as Thailand continues their intervention program. U.S. will need to see some new export sales in the week’s ahead to get the market moving higher.

    Long Grain Cash Bid for Jan 1391/cwt to - – -
    NC 1438/cwt to - – -

     

    Chicago Futures: March down 8 at 1516
    May down 7 1/2 at 1547
    July down 5 1/2 at 1574
    Sept down 5 1/2 at 1537 1/2
    Nov down 5 1/2 at 1538 1/2
    Today’s Arkansas LDP rate for long grain rice is 0¢
    medium grain rice is 0¢

     

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