Rice, Anyone?

Props to our buddy Pharmer, who called this one on the correction a few weeks back.

Rice was the last shoe to drop in the grains correction, and the first to be roaring back out of the gate.

I just had one contract filled at 18.98, and rice is currently sitting at 19.05 – basically an all-time high.

Rice has doubled in the last year, but we’ll see how much room it has left to run. I’ll probably look to add a contract or two on continued strength.