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CBOT Rice Review: Sharply Higher On Local Short Covering
Posted on Thursday, March 29 @ 03:46:34 CDT by ricenews

Futures Trade

Chicago Board of Trade rice futures settled sharply higher in modest trading Wednesday as local short covering and thin fund buying helped boost prices.

May rice rallied 25 cents to $10.05 per hundredweight and November also jumped 25 cents, to $10.94. Activity was light and two-sided early in the session with Man Financial's commercial desk a modest buyer of futures and bought calls while selling puts,supporting the market.

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