Chicago Board of Trade rice futures settled modestly lower Friday, unable to sustain any momentum from the U.S. Department of Agriculture rice planting and stocks reports.

May rice declined 6 1/2 cents to $10.08 per hundredweight and November slipped 2 cents to $11.02. Trading was active and two-sided early in the session with the USDA estimating 2007 U.S. rice planted acreage at 2.644 million acres, lower than the 2.838 million planted in 2006.