Chicago Board of Trade rice futures settled with
moderate gains Monday as the market reacted to news late Friday that the U.S.
Department of Agriculture banned the planting or distribution of Clearfield 131
(CL131) rice seed in 2007.
March rice settled 10 cents higher at $10.48 per hundredweight, May gained 12
cents to $10.83 1/2, and Nov rose 11 cents to $11.58
Light speculative and fund buying also helped push the nearby contracts into
light buy stops on the opening, with commercial selling offsetting some of the
strength.
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Futures Trade
