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 Your email will not be published or shared with third parties.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

    Rice Market: Seen a Soybean Rally Lately? Some Farmers Look for Alternative Crop.1-23

    Missouri: Insect Management Guide, Resistence Research1-23

    Louisiana Rice: Stored Insect Pest Management Workshop, Crowley, Feb. 251-23

    AFB Rice Close: Futures End Just Above Support1-23

    Arkansas: Irrigation Expo Slated for Feb. 25 at Stuttgart1-23

    Arkansas: ASU’s Agribusiness Conference Slated Feb. 11 in Jonesboro1-23

    Keith Good: World Grain Inventories Headed for Highest in 30 Years1-23

    AFB Rice Close: Futures Fall with Lack of Export Report1-22

    Residential Propane Price Increases, Heating Oil Declines1-22

    Propane Stocks Fall Over 3M Barrels1-22

    Gasoline Prices Continue Downward1-22

    Farming and Bankruptcy – 9 Lessons You Need to Know1-22

    Diesel Drops Below $31-22

    Keith Good: U.S. Sorghum Demand Spikes as China Imports Increase1-22

    AFB Rice Close: Futures Move Higher on Building Support1-21

    Ag Policy: Trade May Be Only Bright Spot in 2015 Politics – DTN1-21

    Row Crop Margin Squeeze: 12 Strategies To Help You Survive1-21

    Family Farm Bankruptcy Clarification Act – 2 Important Points for Hard Times1-21

    Keith Good: Midwest Grain Farmers Brace for Big Losses in 20151-21

    Farmland Values Still Historically High in the Longterm – Regional Report1-20

    DTN Fertilizer Trends: Prices Edge Higher1-20

    AFB Rice Close: Lower in Narrow Range1-20

    Farm Taxes: Bill to Eliminate Capital Gains from Post-Bankruptcy Sales – DTN1-20

    Mississippi: Commodity Advisory Meeting Feb. 17 at Raymond1-20

    Keith Good: Cotton Prices Softening; EPA Faces Water Rule Hurdles1-20

    Port Disruptions Continue Along Pacific Northwest – DTN1-19

    Farm Family Business: How Much to Pay Family Employees? – DTN1-19

    Crop Insurance, Marketing Key in Minimizing Losses – DTN1-19

    Keith Good: Water Regulations – Iowa Lawsuit Could Have National Implications1-19

    AFB Rice Close: Futures Turn Slightly Lower1-16

    Keith Good: New Herbicide-Resistant Cotton, Soybean Seeds Approved1-16

    AFB Rice Close: Futures Bounce Off New Lows1-15

    Keith Good: USDA Announces ‘Historic’ Change in Conservation Funding1-15