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CBOT Rice Review: Rallies On Fund Buys;New All-Time Highs Set

By news desk on February 04,2008

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Chicago Board of Trade rice futures ended with strong gains in active trade Friday as fund buying amid spillover gains from overnight rally boosted prices.

Technical buying boosted prices, with March gapping open higher on daily charts, encouraging buying interest.

Spot-month March set another all-time high on monthly continuous open-auction charts at $15.26 per cwt and settled 35 cents higher at $15.17.


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