AFB Rice Close: Prices Continue to Slip
Rice prices closes down again today. Good weather and good harvest progress continues to weigh on the market. Rice prices continue to be unable to maintain strength and show any signs of a significant rally. The market maintains support near $15.40.
|Long Grain Cash Bids||– – –||1478/cwt|
|Long Grain New Crop||– – –||1376/cwt|
The ICE Dec and Mar contracts gave back 160 and 87 points on the week, respectively, as last week’s inversion between the two contracts gave way to partial carry. Well,