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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CBOT - Corn report
Mon. Nov. 17 and the markets are closed. Our weekly export inspection report showing us 37.8 m.b. were inspected for near term export up from 31 m.b. the and four week average of 33. year to date inspection are 355 m.b. versus 284 a year ago. It's a friendly number but 40 m.b. plus is needed to be bullish. The U.S.D.A. did announce a 116 t.t. sale to an unknown destination. We have had this unknown thing show up on at least 4 of our sales the last two weeks.
The trade thinks unknown is China. If it's eventually confirmed China then we will see further strength as the trade will believe much more sales are coming. Just a note, over night trading on the grains or your electronic trading that goes from 8:30p.m. to 7:00 a.m. will stop on Nov. 21 and start up again Jan. 1. This has to do with a switch over in exchange computor systems. A close under 2.35 basis Dec. futures could send us to 2.30 as next stop. March support is 2.44. If you bought support on either contract put stops at 2.29 on Dec. and March at 2.37. The trend remains up only if technicals hold as we still struggle with the burdensome supply of a recent record crop.
MGR Archive 18.11.2003
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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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