AFB Rice Close: September Contract Consolidating
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.
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The cotton crop bug zoo is open for business and there’s more than plenty for everyone. Stink bugs and lygus are jumping from corn to cotton, while fleahoppers are entering