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CBOT Rice Review: Nearby Contracts Backpedal After Run Up

By news desk on April 09,2008

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Chicago Board of Trade rice futures closed sharply lower Tuesday as the market retreated from an early run to record highs.

May rice settled down 52 cents at $20.48 per cwt after scoring a new high of $21.60. The nearby contract briefly fell the expanded daily limit of 75 cents and traded in a wide range of $1.35.


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