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
 Restaurants
 INCO Terms
 Ports
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Rice
 Grain
 Agriculture
 Commodity Exchange
 Weather
 Other
 Info
 Editor
 Advertisement
 Technical
Search in news database
Wheat – Weekly review
CBOT – Jan 23, 2004
Tuesday started with our weekly export inspection report showing 25.7 m.b. were inspected for near term export up from 22.7 the week or and up 117 m.b. on the year. Thursday weekly export sales report showed 1.080 m.t. of wheat was sold last week up from 324 t.t. the week prior. This was expected as we knew China`s 1 m.t. purchase last week would show up on this report. Wednesday saw a 105 t.t. sale to China and word the Chinese trade delegation would visit Washington Feb. 15. They look to negotiate a long term wheat purchase for 2004. So, we may see some more hand to mouth purchases before then. Demand on the year is great with sales 40% over a year ago. This is what brought us to over 4.00 on 5 separate dates, but as we have noted, every time we trade over 4.00 demands goes away and prices break sharply. We hit a high on March wheat of 4.04 Tues. and sold off. I gave 4.02 as major resistance. Wheat was pushing 3.80 at mid session today so, our downside selling advice worked. The problem with near term demand is Australia is now selling their crop and are capturing about 35% of our business. Sales have gone from great to only good. If were luckily we will pull back to next support of 3.77 area at which time I will look to buy long with stops under 3.70 and look for a rally by mid week as arctic cold hits our winter wheat states.
MGR Archive 26.1.2004
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
Password:
      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:


Convert
  © 2002 All rights reserved. - Legal Notice