Rough rice futures on the Chicago Board of Trade ended higher on Friday on active speculative buying and good two-sided commercial trade, floor brokers said.
"It was a busy day, with light commercial buying from Man Financial and Rosenthal Collins," one CBOT rice broker said. "There was also some light commercial selling from R.J. O'Brien and Man Financial." Rough rice futures settled up 4-1/2 cents to 8 cents per hundredweight, with November up 4-1/2 cents at $7.08-1/2 and January up 8 cents at $7.33.
Rough rice estimated futures volume on Friday totalled 960 contracts, compared with Thursday's 231 lots. Options volume was 61 contracts.