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AFB Rice Close: Futures Lower After Again Failing at Resistance

Ernst Undesser
By Ernst Undesser November 20, 2013 17:09

Rice Comment

Rice futures were lower after again failing at resistance at $15.89 ½. The uptrend remains intact, though, with support currently near $15.35. Another week of lackluster exports continues to weigh on prices as huge global supplies at cheaper prices limit demand for U.S. rice.

        
         
High Low
Long Grain Cash Bids – – – 1504/cwt
Long Grain New Crop – – – 1378/cwt

 

Futures:
High Low Last Change
Jan ’14 1582.5 1565.0 1568.5 -15.5
Mar ’14 1597.5 1582.0 1584.5 -15.5
May ’14 1603.5 -15.5
Jul ’14 1598.0 -15.5
Sep ’14 1484.0 1484.0 1477.5 -9.5
Nov ’14 1460.5 -9.5
Jan ’15 1460.5 -9.5

 

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Ernst Undesser
By Ernst Undesser November 20, 2013 17:09

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