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|
In a historic move that will have major long-term implications on trade and markets, voters in Great Britain surprised the world by voting Thursday to leave the European Union. David