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

     

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