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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Wheat - Dec 3, 2003
Wheat traded higher today as Egypt came in for 60 t.t. of U.S. wheat over night.
This was a small purchase but Egypt buys 500 t.t. or more monthly on the world market and traders felt that if they see 60 t.t. at fairlest value of any world port then we may see further sales in the days ahead. After profit taking off Mondays high to Tuesdays low of 18 cents the market has rallied more off perception of sales coming rather than fact. This leaves wheat vulnerable for another price or profit taking correction if further demand doesn't surface in the days ahead. Stay long March wheat but buy a January 4.00 put option for protection at 7 cents or 350 dollars cost. Support on March lies at 4.02. Get out of longs on a close under support as next support is 3.95. Resistance on the upside lies at 4.22. With tight world stocks in our foreign export competitors hands, the U.S. remains the worlds best port for value.
MGR Archive 4.12.2003
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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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