Chicago Board of Trade rice futures finished higher
Thursday as position squaring ahead of Friday's U.S. Department of Agriculture
planting and stocks data underpinned prices.
May rice gained 9 1/2 cents to $10.14 1/2 per hundredweight and November rose
10 cents to $11.04. The market was firm all day on pre-report position squaring.
Floor traders said expectations are for rice planted acres to decline 6% to
8% in 2007 but that the recent ban on Clearfield 131 rice seed would cloud the
issue until the June acreage report is released.
Login
Don't have an account yet? You can create one. As a registered user you have some advantages like theme manager, promoting your website, access to exclusive information, reports, post comments and many other rich features. Dont be left behind.
Futures Trade
