| ROUGH RICE ($/Cwt.) |
Monday
Jul. 20 |
Tuesday
Jul. 21 |
Wednesday
Jul. 22 |
Thursday
Jul. 23 |
Friday
Jul. 24 |
Friday Yr. Ago
Jul. 25 |
| September 2009 |
13.36 |
13.33 |
13.44 |
13.37 |
13.41 |
18.10 |
| November 2009 |
13.47 |
13.46 |
13.59 |
13.52 |
13.57 |
18.10 |
| SOYBEANS ($/Bu.) |
| November 2009 |
9.23 |
9.05 |
9.05 |
9.32 |
9.15 |
13.43 |
| January 2010 |
9.30 |
9.12 |
9.15 |
9.39 |
9.22 |
0.00 |
| WHEAT ($/Bu.) |
| September 2009 |
5.42 |
5.35 |
5.22 |
5.32 |
5.16 |
8.72 |
| July 2010 |
6.08 |
6.00 |
5.90 |
5.99 |
5.84 |
8.90 |
| COTTON (¢/Lb.) |
| October 2009 |
63.01 |
60.01 |
59.04 |
59.50 |
57.39 |
84.85 |
| December 2009 |
64.86 |
61.95 |
61.19 |
61.72 |
59.61 |
85.97 |
| CORN ($/Bu.) |
| September 2009 |
3.23 |
3.12 |
3.08 |
3.27 |
3.16 |
6.26 |
| December 2009 |
3.34 |
3.22 |
3.19 |
3.39 |
3.27 |
6.16 |
| RFI Avg. Cash Price for Long Grain Rice ($/Bu.) |
| Cash Price at Elevator |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| LDP |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Total Cash |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Friday, July 24th, 2009
The gulf basis was fairly quiet for corn and wheat at midday. The grain prices fell off some as the trading session neared its end. Hedging pressure has weighed in on some commodities as farmers looked to lock in a few extra cents. Demand for old crop soybeans has backed off considerably from two weeks ago. The weather still looks beneficial for developing crops for next week and that has added even more pressure to the prices.
There is a lack of fresh fundamental news for the crops. Demand remains disappointing for wheat. The U.S. needs to see a pickup in export sales. The large contracts are just not happening. The global interest is not keeping up with our projected outputs.
Timely rains and sunshine have helped our soybean and rice crops. Good weather is forecast for the next few days in the Grand Prairie.
Please e-mail suggestions or comments about the Riceland Weekly Market Review to
riceland@riceland.com.
Cwt. X 2.222 = Bushel
Bushel X 0.45 = Cwt. |
Metric Ton X 22.046 = Cwt.
Metric Ton X 49 = Bushel |
$/Cwt. X 0.45 = $/Bu.
$/Bu. X 2.222 = $/Cwt. |
|
