| ROUGH RICE ($/Cwt.) |
Monday
Aug. 10 |
Tuesday
Aug. 11 |
Wednesday
Aug. 12 |
Thursday
Aug. 13 |
Friday
Aug. 14 |
Friday Yr. Ago
Aug. 15 |
| September 2009 |
13.89 |
13.72 |
13.38 |
13.30 |
13.30 |
17.10 |
| November 2009 |
14.13 |
13.95 |
13.63 |
13.54 |
13.55 |
17.10 |
| SOYBEANS ($/Bu.) |
| November 2009 |
10.10 |
10.39 |
10.44 |
10.19 |
9.82 |
12.75 |
| January 2010 |
10.14 |
10.42 |
10.48 |
10.24 |
9.88 |
12.22 |
| WHEAT ($/Bu.) |
| September 2009 |
4.94 |
4.85 |
4.90 |
4.82 |
4.82 |
9.43 |
| July 2010 |
5.62 |
5.55 |
5.60 |
5.50 |
5.51 |
9.64 |
| COTTON (¢/Lb.) |
| October 2009 |
61.95 |
62.24 |
62.04 |
62.21 |
59.21 |
79.87 |
| December 2009 |
63.75 |
64.00 |
63.88 |
64.09 |
61.12 |
81.10 |
| CORN ($/Bu.) |
| September 2009 |
3.24 |
3.27 |
3.31 |
3.25 |
3.19 |
6.18 |
| December 2009 |
3.31 |
3.31 |
3.36 |
3.32 |
3.28 |
6.21 |
| RFI Avg. Cash Price for Long Grain Rice ($/Bu.) |
| Cash Price at Elevator |
5.89 |
5.81 |
5.66 |
5.62 |
5.62 |
0.00 |
| LDP |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Total Cash |
5.89 |
5.81 |
5.66 |
5.62 |
5.62 |
0.00 |
Friday, August 14th, 2009
The CBOT had some spillover pressure at the end of the week from falling soy and an abundant world supply of wheat continues to weigh on wheat futures, but short covering lends some support.
The soybeans have had good crop growing conditions with adequate rainfall and sunshine. The maturing corn and pod-filling soybeans are soaking up the warmer conditions across the Midwest. The nearby forecast for the next 7 – 10 days has more of the same weather. This has helped kept a lid on the prices in Chicago.
Crude oil and the dollar had been switching roles trading opposite each other to get different reactions in the market. When oil goes up it takes the grains up with it, but when the dollar goes up it makes exporting grains less attractive.
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. |
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