CBOT rice futures slip

Chicago Board of Trade rough rice futures closed lower on Thursday as disappointing weekly export data and the weakness in CBOT corn and soya markets weighed on prices, traders said. CBOT July rice closed 11 cents down at $10.65 per hundredweight. September ended 10 cents lower at $11.02 and November was 9 weaker at $11.30.
CBOT corn and soyabeans closed 2 percent lower amid forecasts for rain in the dry eastern US Midwest. "Exports and shipments were not very good last week. An estimated 581 futures and 12 options traded, compared to 534 futures and three options that traded on Wednesday. Firms were rolling their July positions, commercials were bull-spreading July-September and funds were bare spreading September-July.