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Posted AT 9:03 AM EDT on 08/05/08

Chicago rice races higher on supply fears

Reuters

SEOUL/PARIS — U.S. rice futures jumped by the daily maximum limit of 75 cents (U.S.) on Thursday as reports of cyclone damage in rice-exporting Myanmar fuelled global supply fears while other grains proved mixed. U.S. rough rice futures for July delivery jumped 75 cents, or 3.5 per cent, to $22.35 per hundredweight, and the September contract rose by the same amount to $20.35.

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