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   

 Main Page
 Home Page of This Title
 Medium Grain Rice Market
 Global Market News
 Grain News
 Pulses News
 Global Overview
 Importers Profile
 Exporters Profile
 What Is Rice
 History Of Rice
 Rice Harvest Seasons
 Rice Processing
 Rice Nutrition Facts
 Meals With Rice
 INCO Terms
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Commodity Exchange
Search in news database
CBOT - Wheat report
CBOT - Dec 17. 03
Wheat pushed to 7 cents down at midsession as long time U.S. wheat buyer Egypt purchased 180 t.t. of wheat with 120 going to long time U.S. competitor Australia and 60 t.t. to the U.S. This is not good export news as it suggests Australia is aggressively going after wheat business and may continue to cut into our market share. A close under 3.84 support sets us up for test of second support of 3.74. As I noted on my last report each time were at the 3.75 to 3.85 area demand surfaces and prices rise but with Australia's now on line to export their freshly harvested crop, longs have to have downside insurance. Buy March wheat on dips and purchase 2 Jan. 3.80 wheat puts for 4 cents or 200 dollars each for protection and get out of longs on a close under second support. There's a large contingent of traders that yet believe the historicly tight world wheat stocks will lead to wheat over 4.00 again but demand drives the market not supply. So, if demand is there at just under the 4.00 mark, it will surface but longs must be care full as a break in late Dec. could lead to 25 or 35 cents. Last year we broke into months end. Wheat pulled off it's opening low range as shorts covered in in anticipation of a potential wheat sale announcement to China at Thursday grain signing meeting at the C.B.T. exchange.
MGR Archive 18.12.2003
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
      Forgot your Password?
Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
Click for Details

Medium Grain Reports
Rice Market News
World Rice Markets and Trade
USDA Country Reports
Rice Market Monitor
Rice Outlook
Italian Paddy Supply
European Rice Weekly
EU Reports
Convert this amount:

  © 2002 All rights reserved. - Legal Notice