November closed 2 cents lower at $7.50 per hundredweight and January rice ended down 2 cents at $7.74-1/2. Volume was thin, estimated by the exchange at 467 futures and 11 options, down from 936 lots on Friday.
Prices tested both sides of unchanged but failed to find strong direction. There was little fresh news to guide values. "We couldn't get the market going one way or another," a floor source said.
Locals were sellers on the open. Commercial buying lifted values, with Man Financial and Reface Inc noted buyers.
But there was no follow-through, and Man was a seller later in the day along with RJ O'Brien, traders said. There were no deliveries against the November contracts for Monday.