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AFB Rice Close: Futures Appear to Have Found Technical Support

Ernst Undesser
By Ernst Undesser July 9, 2013 16:31

Rice Comment

The near free-fall in rice futures finally stalled as futures appear to have found some technical support. September held at support at $15 yesterday, which has provided support for the market for over 3 months. The rice market continues to monitor the weather situation across the rice growing region. USDA said in the weekly condition’s report that 69% of the rice crop is in good to excellent condition.

        
         
High Low
Long Grain Cash Bids – – – 15.43
Long Grain New Crop 12.91 12.71

 

Futures:
High Low Last Change
Jul ’13 1541.5 +39.0
Sep ’13 1529.5 1480.5 1519.5 +39.0
Nov ’13 1545.0 1509.0 1544.5 +38.0
Jan ’14 1570.0 1537.0 1567.0 +35.5
Mar ’14 1581.5 +35.5
May ’14 1596.0 +35.5
Jul ’14 1596.0 +35.5
Sep ’14

 

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Ernst Undesser
By Ernst Undesser July 9, 2013 16:31

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