Agfax Buzz:

    November 20, 2013

    AFB Rice Close: Futures Lower After Again Failing at Resistance

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    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

     


    Tags: , , , , ,

    Leave a Reply

    Name and Email Address are required fields. Your email will not be published or shared with third parties.

    Agfax Rice News

    Keith Good: ‘Misinformation’ Muddles Clean Water Act, EPA Chief Says9-30

    California: Rice Harvest Progress as Rains Move Through Northern Areas – USDA9-29

    AFB Rice Close: Futures Lower on Inside Day9-29

    Mississippi: Dry Weather Prevails, Good for Field Work — USDA9-29

    Arkansas: Corn, Rice Harvest Start to Wind Down – USDA9-29

    Texas: Harvest, Wheat Planting Continue Among Widespread Rains – USDA9-29

    Arkansas: Rice Verification Program Weekly Update9-29

    Soybean Harvest Rises by 7 Points, Corn 5 — DTN9-29

    Missouri: Corn, Rice Harvest Make Good Progress, Soybean Harvest Begins – USDA9-29

    Louisiana: Harvest Speeds Along with Drier Weather – USDA9-29

    Horizon Ag Rice Harvest Report: Rough Start, Good Yields9-29

    Keith Good: Plunging Corn, Soybean Prices May Strain Farm Budgets9-29

    Rice: Mexico To Restore Import Tariffs on Asian Rice9-26

    Rice Crop: Delta Area Harvests Picking Up Steam9-26

    Rice Market: Strong Friday Push Makes for a Positive Week9-26

    AFB Rice Close: Futures Post Strong Gains9-26

    Louisiana: Ag Officials Ask for New Rules for Drones9-26

    Crop Insurance Details Clearing Up — DTN9-26

    Keith Good: River Transportation System ‘Overstrained,’ Report Says9-26

    Crop Insurance: ARC-PLC Regulation and Decision Tools9-25

    AFB Rice Close: Slightly Lower in Narrow Range9-25

    Taxes: Definition of Insanity, Cheat the IRS on Land Sales – DTN9-25

    U.S. Energy: Weak Demand, Plentiful Supply Drive Drop in Oil Prices9-25

    Gasoline Prices: Average Down 6 Cents9-25

    Propane Stocks: Rise by 1.7M Barrels9-25

    Diesel Prices: Lowest in Over 2 Years9-25

    Big Data Drives Smarter Decisions on Farm — DTN9-25

    Keith Good: Potential for Global Glut of Cotton Keeps Prices Falling9-25

    AFB Rice Close: Futures Continue Recovery in Narrow Range9-24

    Keith Good: Rebound in Global Grain Supplies to Have ‘Broad Effects’9-24

    Keith Good: Growers Encouraged to Wait in Choosing Farm Bill Program9-23

    Crop Progress: Corn Harvest at 7%, Soybeans 3%, Cotton 8% — DTN9-22