U.S. Farmers Too Busy Enjoying Seasonal Fun to Sell Their Rice in a Panic, Ignoring Recent Market Decline – What’s Next?

U.S. Farmers Too Busy Enjoying Seasonal Fun to Sell Their Rice in a Panic, Ignoring Recent Market Decline – What’s Next? ...
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Chicago rice futures traded up 24 cents per cwt (about $5 per ton) to close at $14.55 per cwt (about $321 per ton). Rice futures initially traded lower pressured a stronger dollar, weaker outside markets, and ample global supply concerns however futures rebounded late in the day as some in the market saw the market as a buying opportunity on ideas the market was oversold while others took the opportunity to square positions ahead of the U.S. Thanksgiving holiday....