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 - Wheat export review
CBOT - Dec 19, 03
Mondays weekly export inspection report showed 11.4 m.b. were inspected for near term export off from 18.5 the week prior and a year ago of 15 m.b. This was met with a 10 cent lower trade Monday on it's release. Thursdays weekly export sales report showed 1.012 m.t. were sold last week prior and 13% over the four week average. Hey players were Egypt at 440 t.t. and China 220 t.t. This and talk that China might announce a wheat purchase at Thursdays press conference saw us post 10 cent gains late session. Wheat remains very fragile entering next week. These still much concern on near term exports after Australia sold more wheat to Egypt this week than the U.S. Australia is freshly harvested and is the number one export competitor to the U.S. If we come in next week and no new exports surface by Wednesday, we will probably take out first support of 3.84 basis March and push to 3.74 at which time I would take profits on the 3.90 Jan. puts I recommended at 4 cents or 200 cost this week. Buy March futures as close to 3.74 as you can and get out on a close below that support. It's more probable than not great, so be carefull.
MGR Archive 20.12.2003
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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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