Wednesday, 17 March 2010
Rough Rice futures commentary for March 16th.
Rice ended higher, extending its
bounce amid widespread commodity
gains. After plunging through the start of
March, the market has now closed higher
three straight days. But it is still well
below last week’s high. “You can’t say it’s
a bottom yet,” a floor trader said. Still,
buying interest has increased, traders said,
particularly in deferred contracts. Aweaker
dollar helped push commodities higher
generally, analysts said. May rice ended
up 12 cents to $12.60 1/2 per hundredweight,
and July rice closed up 11 1/2
cents to $12.90 1/2.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment