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,
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|