AFB Rice Close: Futures End Mixed
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.
|Long Grain Cash Bids||– – –||1459/cwt|
|Long Grain New Crop||– – –||1388/cwt|
This week’s news in agriculture from Agfax Media.