| ROUGH RICE ($/Cwt.) |
Monday
Aug. 24 |
Tuesday
Aug. 25 |
Wednesday
Aug. 26 |
Thursday
Aug. 27 |
Friday
Aug. 28 |
Friday Yr. Ago
Aug. 29 |
| September 2009 |
13.20 |
13.22 |
13.15 |
13.15 |
13.51 |
18.21 |
| November 2009 |
13.46 |
13.48 |
13.40 |
13.39 |
13.76 |
18.20 |
| SOYBEANS ($/Bu.) |
| November 2009 |
10.08 |
9.99 |
9.97 |
9.96 |
10.11 |
12.98 |
| January 2010 |
9.53 |
9.39 |
9.98 |
9.98 |
10.12 |
13.05 |
| WHEAT ($/Bu.) |
| September 2009 |
4.72 |
4.71 |
4.79 |
4.75 |
4.67 |
8.73 |
| July 2010 |
5.44 |
5.44 |
5.52 |
5.48 |
5.40 |
9.00 |
| COTTON (¢/Lb.) |
| October 2009 |
56.92 |
55.97 |
55.37 |
55.54 |
56.30 |
80.33 |
| December 2009 |
59.07 |
58.15 |
57.47 |
57.64 |
58.34 |
82.08 |
| CORN ($/Bu.) |
| September 2009 |
3.30 |
3.22 |
3.21 |
3.23 |
3.21 |
6.26 |
| December 2009 |
3.36 |
3.27 |
3.26 |
3.29 |
3.29 |
6.24 |
| RFI Avg. Cash Price for Long Grain Rice ($/Bu.) |
| Cash Price at Elevator |
5.58 |
5.63 |
5.60 |
5.59 |
5.76 |
0.00 |
| LDP |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Total Cash |
5.58 |
5.63 |
5.60 |
5.59 |
5.76 |
0.00 |
Friday, August 28, 2009
The CBOT soybeans are higher today supported by very bullish fundamentals. The tight nearby soybean stocks continue to add strength to the September contract while the deferred months are gaining ground because of the inability to know what the potential yields will be. The threat of an early frost is keeping weather rumors in the front of everyone’s mind. An early frost would have an impact on yields, but if the Midwest escapes an early freeze then we will have a huge incoming crop. The potential to not have a freeze has been putting pressure on the prices and attracting some profit taking on days with price hikes.
Weakness in the crude oil market and strength in the dollar has also helped keep a huge rally from happening. The precious metals are also on the rise with strength in the dollar.
Favorable weather is in the forecast for the next few days, but with cooler temperatures than needed.
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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