Rough rice futures at the Chicago Board of Trade slipped on Friday amid farmer hedge pressure but volume was very light ahead of the three-day holiday weekend, traders said. CBOT agricultural markets will be closed on Monday in observance of the Martin Luther King Jr. Day, reopening with the electronic session on Monday night. CBOT rice futures closed slightly weaker, with January down 1 cent at $6.95 per hundredweight and March 3 cents lower at $7.12-1/2.
There were 17 deliveries against the January contract on Friday.
A customer of Fimat issued 11 lots and an Iowa Grain customer stopped 13.
In global news, the Philippines on Friday asked five Vietnamese firms to supply another 80,000 tonnes of rice after they won a tender earlier this week to supply 320,000 tonnes.