Agfax Buzz:

    October 22, 2013

    AFB Rice Close: Futures End Mixed

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    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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