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

     

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