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CBOT Rice Review: Down On Follow-Through Liquidation

By news desk on March 16,2007

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Chicago Board of Trade rice futures settled lower Thursday as follow-through selling from Wednesday's losses pressured prices.

May rice declined 9 1/2 cents to $10.22 cents per hundredweight and November fell 15 cents to $11.05.

News that Mexico requested certification that U.S. rice imports are GMO- free Wednesday pressured prices, with technical and fund liquidation adding to the losses.


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