AFB Rice Close: Futures Move Lower
Rice futures have turned lower today. Resistance at $15.80 has proved to be the top of the up-move this week. Demand remains strong and improving weather will allow farmers to begin to move rice out of their bins.
|Long Grain Cash Bids||– – –||1505/cwt|
|Long Grain New Crop||– – –||1320/cwt|
Rainy and cool best describes the weather over much of the Panhandle and South Plains this week. Rain in Oklahoma brought relief to dryland fields and helped make the pull-back