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2007-05-21 | permalink
DJ CBOT Rice Review: Sharp declines amid fund liquidation
Chicago Board of Trade rice futures ended deep in negative territory Friday as fund liquidation uncovered sell stops that drove prices down, traders said. [...] It was unclear what caused the fund sell-off, traders said. There was pressure from technical signals and potentially from concerns over the inability of the U.S. to sell genetically-modified rice, a trader said. Bearish stories are circulating about GMO rice building up in Arkansas elevators, he said.
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2007-05-21 | permalink
DJ CBOT Rice Review: Sharp declines amid fund liquidation
Chicago Board of Trade rice futures ended deep in negative territory Friday as fund liquidation uncovered sell stops that drove prices down, traders said. [...] It was unclear what caused the fund sell-off, traders said. There was pressure from technical signals and potentially from concerns over the inability of the U.S. to sell genetically-modified rice, a trader said. Bearish stories are circulating about GMO rice building up in Arkansas elevators, he said.
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