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 - week overview
Started Monday with our weekly export inspection report showing 37.8 million bushels were inspected for near term export up from 31 the week prior and four week average of 33 m.b. It's friendly but 40 m.b. plus is needed to be bullish. Thursdays weekly export sales report showed 917 t.t. of corn was sold last week up 23% from the week prior but 17% under the four week average. We need 1 m.m.t plus to be bullish.
With China announcing they will suspend corn sales for 2004 shipment, Asian customers look to turn to the U.S. for long term delivery. So, the long term demand out look good. The near term out look remains sluggish as holiday trading next week leaves U.S. exporters to trade less. Corn has strong support at 2.30 basis Dec. futures and 2.35 on March. If March trades thru 2.35 we look to move to 2.27. This looks to be a very strong possibility. If this accures next week buy March futures under 2.30 and purchase a March 2.20 put for protect.
MGR Archive 24.11.2003
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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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