Agfax Buzz:

    October 4, 2013

    AFB Rice Close: Prices Continue Lower

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    Rice Comment

    Harvest pressure and the expiration of the farm bill continue to weigh on rice futures. A 100 million metric ton stockpile of rice in Asia is also looming large over the market. November futures have violated several levels of support so far this week and ended the week by charting a bearish reversal on Friday. The next level of support is the March low of $14.77. On the weekly continuation, there is support at $14.63 and $14.50. Psychological resistance will be seen at $15 on a rebound.

    High Low
    Long Grain Cash Bids - – - 1417/cwt
    Long Grain New Crop - – - 1315/cwt

     

    Futures:
    High Low Last Change
    Nov ’13 1517.0 1485.5 1487.0 -3.0
    Jan ’14 1536.5 1507.0 1508.0 -4.0
    Mar ’14 1537.0 1531.0 1526.0 -5.5
    May ’14 1543.0 -5.0
    Jul ’14 1556.5 -5.0
    Sep ’14 1414.5 -5.0
    Nov ’14 1414.5 -5.0

     

    Tags:

    Leave a Reply

    Name and Email Address are required fields. Your email will not be published or shared with third parties.

    Agfax Rice News

    Death Tax Repeal: Former Farm Kid, Now a Congressman, Tells Her Death Plus Taxes Story – Video3-26

    Rice Planting: Rain Delays – Don’t Panic3-26

    Video: Summary of U.S. Drought Monitor in One Minute3-26

    Drought Monitor: Warm, Dry Weather Further Depletes Snowpacks3-26

    Residential Propane, Heating Oil: Prices Decrease3-26

    Diesel: Prices Decrease3-26

    Gasoline: Prices Up Slightly3-26

    U.S. Energy: Gasoline Specifications Change and So Does the Price3-26

    Marketing: Are You Really Getting the Best Price for Your Crop? – farmdoc3-25

    Arkansas Rice: Reduce Disease Risks with Proper Management3-25

    AFB Rice Close: Unable to Hold Daily Highs3-24

    Texas: More Rain, More Planting Delays3-24

    Farm Bill: USDA Seeks to Limit Payments to Non-Farmers3-24

    Non-Family Farm Managers: Proof Required for Program Payments, 2016 – DTN3-24

    DTN Fertilizer Trends: Price Stability Could Be an Illusion3-24

    Rice: Nitrogen-Efficient Varieties Demonstrate Significant Yield Increases3-24

    Farmers Anticipate Hard Times; Weather, Water Issues in the West – Keith Good3-24

    Farmer Confidence Index Lowest in Decade; Southwest Most Optimistic – DTN Survey3-24

    Glyphosate Harmful to Humans? Time for a Throw Down. – AgFax3-23

    Arkansas: Wet Fields Keep Work on Hold – USDA3-23

    AFB Rice Close: Weather Causes Production Concerns3-23

    White House Pushes Rural Broadband as Economy Driver – DTN3-23

    Louisiana: Limited Corn Planting Begins – USDA3-23

    Louisiana: 3 Soil Health Workshops Scheduled April 7-93-23

    Flint on Crops: Weather Lottery – Do You Feel Lucky?3-23

    Cash Rent Slide; Subsidy Questions; Catfish Regs Not All Good – Keith Good3-22

    Louisiana Rice: Bird Repellent Okayed – What To Do With It?3-20

    Rice Market: Futures Jump but Cash Markets Are So Slow3-20

    Arkansas Rice: More Planting Delays so Take Time to Get Ready3-20

    AFB Rice Close: Lackluster Export Sales3-20

    Arkansas Rice: Pest Scouting Key Factor in Record Verification Field3-20

    Gasoline: Prices Decline3-19

    U.S. Energy: Cold Weather Fuels Distillate Demand3-19