CBOT rice firm in thin trade

Rough rice futures at the Chicago Board of Trade closed firmer in the front months on Friday on recovery from recent losses, traders said.
The rice market ended 9 cents per hundredweight higher, with March up 9 at $7.93. But trade was light estimated at 367 futures and one option contract.
Light commercial selling pressured prices in the session. But speculative buying by Refco Inc. helped turn the market around to a higher close, floor traders said.
There was a lack of fresh news to stir much trading interest before the three-day holiday weekend.
CBOT open outcry grain markets will be closed on Monday for President's Day. Screen-based e-cbot trade will re-open on Monday night.