USDA has announced the 2013 rice loan rates by class1. For the 2013 crop stored in commercial warehouses, the whole kernel (Head Rice) loan rate for long grain rice is $10.34 per hundredweight (cwt.) and the broken kernel loan rate for long grain rice is $5.83 per cwt. The CBOT Rough Rice futures contract milling yield premium and discount schedule that takes effect on the first delivery day of the September 2013 contract (September 3, 2013) is based on the 20 percent trimmed mean of the 2009 through 2013 USDA loan rates for long grain rice.
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