CBOT rice futures weak on spill-over sales

Rough rice futures at the Chicago Board of Trade ended lower on Wednesday on spill-over sales from Tuesday, traders said.
CBOT rice futures closed 1 to 1-1/2 cents per hundredweight lower, with March down one cent at $7.73.
But overall volume was light, estimated at 409 futures and 123 options.
Steady commercial buying underpinned the market. There was also a bout of short covering near the open as floor traders reacted to the US Department of Agriculture raising the weekly world market price for long grain rice by 14 cents on Tuesday.
Traders expected USDA to report last week's US rice export sales at 20,000 to 30,000 tonnes on Thursday morning.