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AFB Rice Close: Futures Were Mixed

AaronT
By AaronT August 28, 2013 15:56

Rice Comment

Rice futures were mixed, with September futures now nearly $1 above November. There is very little old crop rice to be had at this point, and the number of warehouse receipts outstanding is at a historical low. November appears to have tough resistance at $16. He crop is still in good condition, but hot dry weather during grain fill could negatively impact quality.

        
         
High Low
Long Grain Cash Bids – – – 1501/cwt
Long Grain New Crop – – – 1381/cwt

 

Futures:
ROUGH RICE
High Low Last Change
Sep ’13 1670.0 1627.5 1661.0 +17.5
Nov ’13 1583.0 1566.0 1571.0 -2.5
Jan ’14 1597.5 1589.0 1588.0 0.0
Mar ’14 1605.5 +0.5
May ’14 1622.5 +0.5
Jul ’14 1622.5 +0.5
Sep ’14 1480.5 +0.5
Nov ’14
DTN CME Group Click here for info on Exchange delays.

 


AaronT
By AaronT August 28, 2013 15:56

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