Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
Australia Medium Grain Rice #1 $ N/A    Egypt 101 #2 $760    Egypt 178 #2 Rice $730    EU Prices Baldo €660    EU Prices LG-A Ariete 5% €550    EU Prices MG Lotto 5% €500    EU Prices RG Balilla 5% €500    Russia Rapan $ 700    USA Jupiter Paddy $375    USA Calrose #1 Paddy $480    USA Jupiter Rice $630    USA Calrose #1 $830   

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Corn harvest ahead of usual, soybean conditions slip again
Corn continues to look better as harvest progresses a little behind schedule, but the opposite is true for soybeans. While harvest progress is a bit ahead of schedule, soybean condition ratings slipped again this week, as traders had anticipated. While frost fears are weighing on prices in the soybean market, at least one analyst isn't buying it. Corn harvest is 18% complete, according to USDA figures released this afternoon. This is a little slower pace than last year at this time (one percentage point) and five points behind the season-average pace. Corn condition ratings improved again this week, gaining three points in the good and excellent categories. That means now 49% of the crop is rated in the top two categories. Amid frost worries and fears the hot, dry weather at the end of summer may have severely damaged soybean yields, condition ratings for the crop saw a slight decline this week, losing one point in the good category. That means now 39% of the soybean crop is rated good or excellent. Theories that the markets are reacting to a potential frost with surging soybean prices don't hold a lot of weight with Craig Solberg, Freese-Notis Weather. Traders told Reuters today they thought late planted soybeans could be hit by frost and freezing temperatures this week. Some worry late-maturing corn could also be vulnerable. (Full story) "A frost will hurt a small part of the crop, but by and large most farmers will welcome the cold temps to kill weeds and hasten crop drydown," Solberg said in Weather Market Commentary for Agriculture Online today (read his latest report). Prices for November beans Monday in Chicago jumped to a 5 1/2 year high, though corn prices were lower likely due to seasonal harvest pressure. Soybean harvest is 17% complete, two points ahead of last year and three points behind the five-year average pace. Winter wheat seeding is nearing the halfway mark, with 49% of the crop planted. This is nine points ahead of the season-average planting pace. Planting has been helped along by recent moisture in the winter wheat regions. Nationally, 20% of the crop is emerged, with earlier than usual development in Kansas, Nebraska and Oklahoma.
MGR Archive 7.10.2003
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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