Agfax Buzz:

    July 23, 2013

    AFB Rice Close: Futures Post Wide Gains

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    Rice Comment

    Rice futures posted wide gains today. A smaller planted acreage remains supportive, but USDA now says that 72% of the crop is in good to excellent condition nationwide. 63% of the Arkansas crop is rated good to excellent. Tough competition on the export market could limit the upside. Cheaper Asian origin rice is making it hard for U.S. rice to compete. September today completed a 50% retracement of the early summer declines. The next upside objective is $15.81, the 62% retracement level.




    High Low
    Long Grain Cash Bids - – - - – -
    Long Grain New Crop - – - 1507/cwt

     

    Futures:
    High Low Last Change
    Sep ’13 1579.0 1539.5 1577.0 +36.5
    Nov ’13 1600.0 1570.5 1595.0 +32.0
    Jan ’14 1607.0 1605.0 1617.5 +31.5
    Mar ’14 1633.0 +31.5
    May ’14 1647.5 +31.5
    Jul ’14 1647.5 +31.5
    Sep ’14 1647.5 +31.5

     


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 Your email will not be published or shared with third parties.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

    Rice Market: Technical Indicators Remain in “Sell” Mode10-24

    Rice Crop: Harvest Nearly Complete, Ratoon Harvest to Start Soon10-24

    AFB Rice Close: Nearby Contracts Slightly Higher10-24

    Farm Finances: Prepare Now for Rising Interest Rates – DTN10-24

    Arkansas: Series of Farm Bill Workshops Set Across State10-24

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

    AFB Rice Close: Sharply Lower Under Heavy Pressure10-23

    Arkansas Rice: Crown Sheath Rot Unusually Severe in Medium-Grains10-23

    Advances in Farming Technology Continue to Aid Mother Nature — DTN10-23

    U.S. Energy: Crude Exports, Re-Exports Continue to Rise10-23

    Gasoline Prices: Show 9-Cent Decrease10-23

    Propane Stocks: Increase by 0.2M Barrels10-23

    Diesel Prices: Average Drops 4 Cents10-23

    Keith Good: EPA’s Approval of Enlist Duo Herbicide Challenged by Suit10-23

    AFB Rice Close: Futures Mostly Higher10-22

    Arkansas: 2 Counties Designated Natural Disaster Areas10-22

    Don’t Just Piggy-Back on Others’ Prices in Ag Commodity Markets10-22

    Keith Good: APH Yield Exclusion Implementation Draws Praise — Mostly10-22

    Farm Shop Dream Requires Thoughtful Planning – DTN10-21

    Texas Crop Weather: El Niño Stalled Out but Cool, Wet Winter Still Predicted10-21

    USDA to Implement APH Yield Exclusion for 2015 Spring Crops10-21

    Arkansas: USA Rice Outlook Conference Set Dec. 7-9 in Little Rock10-21

    DTN Fertilizer Trends: High Costs May Alter Growers’ Tactics for 201510-21

    Keith Good: Tumbling Grain Prices May Prove Costly for Taxpayers10-21

    AFB Rice Close: Reverses Off Positive Early Trade10-20

    Herbicide Resistant Weed Summit’s Slides, Webcast Available Online10-20

    Rice and Sugar: Thailand’s Quest for World Domination10-20

    Keith Good: Lawsuits Concerning GMO Corn Mount Against Syngenta AG10-20

    AFB Rice Close: Futures Recover from Early Losses10-17