By Tom Polansek
Of DOW JONES NEWSWIRES
CHICAGO (Dow Jones)--Chicago Board of Trade rice futures on Wednesday fell
deep into negative territory amid spillover pressure from losses in other
markets, traders said.
May rice closed down 40 1/2 cents at $18.02 1/2 per hundredweight. November
rice slid 37 cents to $16.40.
There was spillover pressure on rice from limit-down moves in neighboring
grain markets, traders said. CBOT wheat, corn and soy futures fell the daily,
exchange-imposed limits as part of a broad-based sell-off of commodities.
Weakness in outside markets, such as crude oil and gold, also was seen as
bearish for agricultural futures, analysts said. Commodities came under
pressure from liquidation amid jitters about the health of the economy.
Speculative selling and liquidation in rice followed some strong fund buying
early in the session, a CBOT floor trader said. Local buying helped keep the
market from closing limit down, or 50 cents lower, he said. Volume during the
session was considered light.
In Asia, indicative rice prices rose sharply Wednesday from last Friday, with
prices in Thailand and Vietnam being boosted by fresh demand from the
Philippines, a major importer, exporters said. The Philippine National Food
Authority signed contracts Monday to buy 335,500 metric tons of rice mostly
from Vietnam and Thailand in a bid to boost local stocks.
The NFA is expected to buy around 500,000 tons of rice in another tender to
be scheduled next month. The deal could further boost export prices from main
suppliers Thailand and Vietnam, where authorities are now concerned about sharp
price increases in the local market, exporters said.
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
33000.00 | + 100 | 34000.00 | + 800 |
ПФО |
32500.00 | + 500 | 33000.00 | + 500 |
СКФО |
37000.00 | + 4000 | 38000.00 | + 4500 |
ЮФО |
36000.00 | + 3000 | 37000.00 | + 3500 |
СФО |
35000.00 | + 2000 | 37000.00 | + 3000 |
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
76000.00 | + 2000 | 85000.00 | + 10500 |
ЮФО |
76000.00 | + 3000 | 77500.00 | + 2500 |
ПФО |
76000.00 | + 2500 | 77500.00 | + 2500 |
СФО |
77000.00 | + 3000 | 78000.00 | + 2000 |
Обсуждение