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CBOT rough rice ends up on speculative buying
Reuters
CHICAGO, Oct 27 (Reuters) - Chicago Board of Trade rough rice futures ended higher on Monday on light speculative buying, brokers said.

"We were busy throughout the day with light stop-loss buying," one CBOT rice trader said. "But the selling did not seem to be commercial related. Instead, it seemed to be light profit-taking."

CBOT rough rice futures settled up 16-1/2 to 19 cents per hundredweight, with November rough rice up 19 cents at $7.40 and January up 16-1/2 cents at $7.57-1/2 per cwt.

November briefly dipped below its 50-day moving average of $7.29-1/2 per bushel but then found technical support and moved higher, the trader noted.

"There was pretty steady rolling of November positions throughout the day," he said. First notice day for nearby November is Oct. 31.

Open interest in the November contract early Monday was 3,335 contracts, up 240 lots.

Monday's estimated CBOT rough rice trading volume was 1,490 futures, compared with Friday's trade of 1,105 lots. Options volume was estimated at 46 lots.

MGR Archive 29.10.2003
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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