CBOT Rice Review:Ends Lower On Fund Selling In Quiet Trade

Chicago Board of Trade rice futures settled moderately lower in light trading Wednesday as speculative fund selling pressured prices in early trade.

May rice fell 13 cents to $10.23 cents per hundredweight and November also dropped 13 cents to $11.11. March rice went off the board at $10.03, down 7 cents.

Scattered talk that rice plantings could be higher than previous ideas weighed on the market, with fund selling pushing prices lower near the start of the session.