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    Home > Active Ingredient News > Feed Industry News > CBOT brown rice weekly

    CBOT brown rice weekly

    • Last Update: 2008-11-03
    • Source: Internet
    • Author: User
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    Introduction: brown rice futures on the Chicago Board of trade (CBOT) closed down sharply in the week to April 9 Low spot demand and weak USDA monthly report put pressure on the brown rice market The U.S Department of agriculture cut its end of term rice inventory forecast by a million dwt, the lowest level since 1980-81 Exports are expected to rise by 3 million dwt World rice production, import, export and consumption forecasts were lower than last month, which were in the market expectations and failed to guide the market In addition, weekly export sales report shows that in the week ending April 1, the number of rice export sales in the United States was 57100 tons, 39% lower than the average of the previous week and four weeks Here is a cycle of city reviews On Monday, the Chicago Board of trade's brown rice market closed lower, failing to rekindle last week's long interest due to the lack of topics available for speculation, traders left the market to wait and see, and trading on the market was sluggish all day On Tuesday, the Chicago Board of trade's brown rice market closed lower, continuing Monday's decline The lack of new hype has constrained trading activity, with traders waiting for the USDA's weekly world market rice price report to be released on Tuesday afternoon, as well as Thursday's supply and demand report and weekly export sales report On Wednesday, the Chicago Board of trade's brown rice market closed slightly higher, stabilizing after the previous two sessions of losses On Thursday, the Chicago Board of trade's brown rice market closed lower, trading interest was sluggish throughout the day, and futures prices gradually fell On Friday, CBOT closed for Good Friday Brown rice futures closed at 910 cents a hundredweight on April 8, 116 cents lower than the closing price of 1026 cents on April 2.
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