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
CBOT - Dec 17. 03
Wednesday Dec. 17 and the markets are closed. Little to no news in corn today. Tomarrow, Thursday we have our weekly export sales report telling us how much of each grain was sold the week prior. Last weeks numbers came in at 1.038 m.t. up from 849 t.t. the week prior. We need to see 1.2 m.t. or more to open higher and hold gains. Reason, were enter in some negative issues near term. Were 9 trading days from months and years end. Small speculators and funds hold a near record long position. Funds are holding near 110 thousand contracts. With March corn up nearly 22 cents from our Nov. low and funds fat with profits we have to start looking for profit taking to happen near term. Funds cant pay month end or year end bonuses on profits taken unless they do just that. TAKE PROFITS. March has resistance at 2.49. A close under 2.49 and we will see 2.46 as next stop. To break out of the near term bearish period ahead we will need surprisingly bullish news Thursday on exports, as China makes a long awaited announcement on their grain buying initiative for the rest of our marketing year. Long term into Feb. we could see March push 2.46.
MGR Archive 18.12.2003
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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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