Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
Australia Medium Grain Rice #1 $ N/A    Egypt 101 #2 $760    Egypt 178 #2 Rice $730    EU Prices Baldo €660    EU Prices LG-A Ariete 5% €550    EU Prices MG Lotto 5% €500    EU Prices RG Balilla 5% €500    Russia Rapan $ 700    USA Jupiter Paddy $375    USA Calrose #1 Paddy $480    USA Jupiter Rice $630    USA Calrose #1 $830   

 Main Page
 Home Page of This Title
 Medium Grain Rice Market
 Global Market News
 Grain News
 Pulses News
 Global Overview
 Importers Profile
 Exporters Profile
 What Is Rice
 History Of Rice
 Rice Harvest Seasons
 Rice Processing
 Rice Nutrition Facts
 Meals With Rice
 Restaurants
 INCO Terms
 Ports
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Rice
 Grain
 Agriculture
 Commodity Exchange
 Weather
 Other
 Info
 Editor
 Advertisement
 Technical
Search in news database
CBOT rice up after setting new high
CHICAGO , Chicago Board of Trade rough rice ended higher on Friday after speculative buying triggered chart buy stops, sending several contracts to new highs, traders said.
CBOT rough rice futures ended on Friday up 11 to 15 cents per cwt, with September up 12 cents at $7.87 and November up 14-1/2 cents at $7.91-1/2.
"We closed on the contract highs after light stops were triggered," one CBOT rice trader said. "And we have harvest pressure overhanging the market.
Typically I would expect sales late in the day during the pre-harvest time."
Harvest in Arkansas, the top US rice producing state accelerates in late August, while the prime harvest season for the rest of the US rice crop is a little later, brokers said.
CBOT traders also noted that CBOT rice options traders were sellers of CBOT rice futures after buying call options.
Man Financial sold November $8.20 call options and ADM Investor Services bought September $6.80 call options, a trader noted.
CBOT September rice set a new contract high of $7.88 per cwt; November made a new high of $7.92; and January 2004 set a new contract high of $8.03 per cwt.
CBOT rice futures set contract highs in late July after the US Department of Agriculture on July 11 lowered its 2003/04 (new-crop) US rice production estimate to 195 million hundredweight from its June estimate of 199 million cwt.
USDA also on July 11 estimated 2003/04 US ending rice stocks of 17.5 million cwt, well below the 2002/03 US rice endstocks estimate of 20.7 million cwt.
The USDA will issue new crop estimates on Tuesday, and traders eyed the possibility of more bullish data.
Estimated CBOT rough rice futures volume on Friday totalled 694 contracts, compared with 234 lots traded on Thursday.
Options trade was 184 contracts.
MGR Archive 11.8.2003
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
Password:
      Forgot your Password?
Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
Click for Details

Medium Grain Reports
Rice Market News
World Rice Markets and Trade
USDA Country Reports
Rice Market Monitor
Rice Outlook
Italian Paddy Supply
European Rice Weekly
EU Reports
Convert this amount:


Convert
  © 2002 All rights reserved. - Legal Notice