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Rice Market: Several Bearish Factors at Play, Basis Levels Steady

By Scott Stiles

AgFax

At the very end of what was a bearish week, Chicago rice futures turned sharply higher on Friday. Ahead of the close, the September contract was trading 58 cents higher at one point and on track to erase all of this week’s losses. Harvest progress is now a key focal point for the rice market.

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RiceAvery DavidsonAugust 22, 2022
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