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Chicago Board of Trade rough rice settled higher on Tuesday on follow-through momentum from Monday's technical bounce and a lack of hedge-related pressure, traders said. Values fell to two-week lows on Monday before rallying and closing higher. Strength in Asian rice markets was also supportive.
Spreading was minimal, a factor that kept volume light. The CBOT estimated on Tuesday's rice volume at 477 rice futures and 66 options. Volume on Monday totalled 1,523 futures and two options.

Copyright Reuters, 2007

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