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Hi Jim. Looks like it was tied to the USDA’s latest supply and demand update. USDA lowered the U.S. rough rice export outlook and raised China’s production projection.
Market News
Closing Grain and Livestock Futures: December 13, 2017
Dec. corn closed at $3.36 and 3/4, up 1 cent
Jan. soybeans closed at $9.79 and 1/4, up 3 and 1/2 cents
Dec. soybean meal closed at $325.10, up $2.20
Dec. soybean oil closed at 33.11, down 25 points
Dec. wheat closed at $3.92 and 1/4, up 5 cents
Dec. live cattle closed at $115.65, down 50 cents
Dec. lean hogs closed at $63.95, up 20 cents
Jan. crude oil closed at $56.60, down 54 cents
Mar. cotton closed at 74.13, up 122 points
Jan. rice closed at $11.77, down 49 cents
Dec. Class III milk closed at $15.61, up 1 cent
Dec. gold closed at $1,245.40, up $6.90
Dow Jones Industrial Average closed at 24,585.43, up 80.63 points
Hi Jim. Looks like it was tied to the USDA’s latest supply and demand update. USDA lowered the U.S. rough rice export outlook and raised China’s production projection.
What event(s) caused rough rice futures to be off 49 cents today?