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
Monday Jan 12 and the markets are closed. We had several reports today. Our least important was our weekly export inspection report at 10:00 am central time showing 32.9 m.b. were inspected for near term export, just under the week prior of 33.8 but over a year ago of 28.4 year to date inspection are 673 m.b. versus 556 a year ago. It should be viewed as a friendly number as it comes off high cash prices.
The monthly U.S.D.A. crop report came out with a big surprise. They put our final 2003 productionat 10.114 b.b. off 164 m.b. from our last report in Nov. and under the average pre report trade guess by 183 m.b. Traders had expected a slight increase. The carry over stocks number or grain to be left over at the start of our next harvest Sept. 1 was put at 981 m.b. down 318 m.b. from or Dec. report and 105 m.b. from the prior marketing year. By coming in under a one billion bushels carry over there will be many traders calling for 3 dollar corn long term. The lower carry came as the government increased domestic use by 105 m.b. Feed use up 75 m.b. Export demand up 50 m.b. and seed and industrial use up 30 m.b. For the last month I have been saying were headed for 2.64 by time we get to Feb. well, here we are. With the considerably lower carry over now we have to re think our long term objective. We have a huge gap left on the charts. The gap is the difference from Fridays high of 2.53 and todays low of 2.62. The Jan. second high of 2.57 is a price we might expect to pull back to in the days ahead as grain markets fill at least half their gap range 8 of 10 times with in one week of making the gap. The only way it wont fill gap area is if it's what the trade calls a break away gap and those are rare. The next two days will tell us what funds and commercials intend to do.
MGR Archive 13.1.2004
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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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