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CBOT Rice Review: Higher On Commercial And Spec Buys

By news desk on March 12,2007

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Chicago Board of Trade rough rice futures ended higher across the board Friday, underpinned by light speculative and commercial buying.

March rice ended 1 cent higher at $10.38 per hundredweight, May rice finished 6 1/2 cents higher at $10.71 1/2, and the November futures settled 8 cents higher at $11.47.

Overall activity was relatively light with late commercial buying firmly planting futures in positive territory, analysts said. Volume was estimated at 350 contracts.


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