CBOT rice weaker

Chicago Board of Trade rough rice futures ended weak on Wednesday after speculative sell stops were triggered, traders said.
Rough rice futures settled down 2-1/2 cents to 8 cents per hundredweight, with November down 2-1/2 cents at $6.89 and January down 5 cents at $7.12.
"Trade was extremely light, with stops triggered from above $6.95 to below $6.88 in the November, and below the $7.15 level in January," one broker said.
ADM Investor Services was a noted seller, he added. Cash US prices remained weak, with the US harvest advancing at a rapid clip, brokers said. The US Department of Agriculture reported late on Monday that 75 percent of the US rice crop had been harvested, up from 59 percent the previous week.
In Arkansas, the top US rice producer, 73 percent of the crop had been harvested. CBOT rough rice estimated futures volume on Wednesday totaled 144 contracts, compared with Tuesday's 427 lots. Options volume was 24 contracts.