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AFB Rice Close: Futures End Mixed

Ernst Undesser
By Ernst Undesser October 22, 2013

Rice Comment

Rice futures were mixed. The damage to India’s rice crop from Cyclone Phailin could reduce their rice crop significantly, adding some support to prices. Significant weakness in the dollar was also supportive. November will have resistance at $15.52 on a rebound.

        
         
High Low
Long Grain Cash Bids – – – 1459/cwt
Long Grain New Crop – – – 1388/cwt

 

Futures:
High Low Last Change
Nov ’13 1534.0 1523.0 1528.5 +2.5
Jan ’14 1549.0 1534.0 1536.5 -6.5
Mar ’14 1551.5 -8.5
May ’14 1563.5 -13.0
Jul ’14 1573.0 -19.0
Sep ’14 1487.5 0.0
Nov ’14 1487.5 0.0
Jan ’15

 

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Ernst Undesser
By Ernst Undesser October 22, 2013