Agfax Buzz:

    October 29, 2013

    AFB Rice Close: Retraces Losses with Sharp Gains

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    Rice Comment

    November rice completely retraced Monday’s losses and ended the day up sharply. The market again found resistance at $15.60, however. USDA says that 94% of the U.S. crop has been harvested, while Arkansas farmers ended last week with 92% of their crop in the bins. World supplies are comfortable, with a large stockpile of rice in Asia looming over the market, limiting upside potential.

    High Low
    Long Grain Cash Bids - – - 1478/cwt
    Long Grain New Crop - – - 1387/cwt

     

    Futures:
    High Low Last Change
    Nov ’13 1560.0 1533.5 1558.0 +22.0
    Jan ’14 1548.0 1525.5 1547.5 +21.5
    Mar ’14 1556.0 +15.0
    May ’14 1576.0 +14.5
    Jul ’14 1585.0 +14.5
    Sep ’14 1487.0 +13.5
    Nov ’14 1487.0 +13.5
    Jan ’15

     

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