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CBOT Rice Review: Speculative Buying Trims Losses
Jun 27,2007 00:00
by
newseditor
Chicago Board of Trade rice futures settled mixed Tuesday, recovering from sharp losses set early in the day on technical and speculative selling. July rice settled 3 cents lower to $10.57 per hundredweight, and November slipped 2 cents to $11.22. Meanwhile the The U.S. Department of Agriculture has reported that 74% of the U.S. rice crop was rated in good-to-excellent condition, down two percentage points from the previous week. |