Agfax Buzz:

    August 28, 2013

    AFB Rice Close: Futures Were Mixed

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    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.

     

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