Agfax Buzz:

    June 21, 2013

    AFB Rice Close: Futures Continued Lower

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    Rice
    Rice futures continued lower today. According to USDA, the crop is now caught up with previous years. The question now is, how many acres were actually seeded and were they too late to achieve top yield-potential. This week’s action makes the charts look toppy, with September closing below $16. The sharp up-trend that began in May has been broken this week. Futures could be confirming a top at the recent high of $16.47 ½.


    Long Grain Cash Bid for June - – -  to - – -
    NC 1520/cwt  to - – -

     

    Chicago Futures: July down 6 1/2 at 1591
    Sept down 15 1/2 at 1589 1/2
    Nov down 14 at 1617 1/2
    Jan down 14 1/2 at 1640 1/2
    March down 14 at 1641
    Today’s Arkansas LDP rate for long grain rice is
    medium grain rice is

     

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