Rice extended its recent tumble Thursday, falling to fresh eight-month lows for the second straight day amid weak demand. The market was lower throughout the session, and the May contract has lost 61 cents the past three days.

Low Asian prices are weighing on the market, and while Iraq did buy 29,000 MT U.S. rice in a recent tender March rice ended down 14 cents to $12.99 1/2 cwt.

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