Agfax Buzz:

    July 31, 2013

    AFB Rice Close: September Contract Consolidating

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    Rice Comment

    The September Rice futures contract appear to be consolidating between resistance at $16 and support at $15.62. USDA says 69% of the crop is still 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.

     
     

    High Low
    Long Grain Cash Bids - – - - – -
    Long Grain New Crop - – - - – -

     

    Futures:
    High Low Last Change
    Sep ’13 1599.5 1575.0 1582.5 -7.0
    Nov ’13 1620.0 1597.5 1603.5 -8.5
    Jan ’14 1640.0 1640.0 1626.0 -10.5
    Mar ’14 1640.5 -9.0
    May ’14 1654.0 -9.0
    Jul ’14 1654.0 -9.0
    Sep ’14 1596.0 -9.0

     

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 Your email will not be published or shared with third parties.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

    Keith Good: Turkey Investigates U.S. Cotton Imports, Demand May Suffer10-31

    Louisiana Rice: Zinc Identification and Management10-30

    Louisiana Rice: Variety Recommendations for 201510-30

    Louisiana Rice: Herbicide Drift a Past and Future Concern10-30

    AFB Rice Close: Futures Turn Strongly Lower10-30

    Kansas Officials Point Out Flaws in Clean Water Act – DTN10-30

    Future Farmers Face Major Challenges, Ag Sec Tells FFA – DTN10-30

    U.S. Energy: Gas Prices Drop to Lowest Since December 201010-30

    Gasoline Prices: Average Drops 6 Cents10-30

    Propane Stocks: Down 1.3M Barrels10-30

    Diesel Prices: Decrease by 2 Cents10-30

    Keith Good: Drought Impacts California Rice; Farm Land Market Cools10-30

    DTN Fertilizer Outlook: Demand May Fall with Crop Prices10-29

    Arkansas Rice: Plan Early for Disease Management10-29

    Keith Good: Pressure Increases on EPA to Withdraw New Water Rule10-29

    AFB Rice Close: Futures Sharply Lower10-28

    Mississippi Wild Hogs: Trapping Is the Best Control Method10-28

    DTN Fertilizer Trends: Stubborn Prices Pose Dilemma for Grain Farmers10-28

    Keith Good: Corn, Soybean Harvests Advance, Still Behind Average Pace10-28

    AFB Rice Close: Futures Under Pressure10-27

    AgFax Rice Review: Defense Against Arsenic; Japan’s Modernization10-27

    Fertilizer Group Responds to Walmart Call for Less Use on U.S. Acres – DTN10-27

    Keith Good: GMO Wheat Discovery in Montana Recharges Biotech Issue10-27

    AFB Rice Close: Nearby Contracts Slightly Higher10-24

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

    AFB Rice Close: Sharply Lower Under Heavy Pressure10-23