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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Wheat report
After a little bit of spreading pushed what up on the day as traders sold beans and bought wheat, wheat gave way and broke the 3.77 support I gave Monday. I suggested this support would be broken this week with us moving to our major long term support would be broken this week with us moving to our major long term support of 3.71. Technitions should by March near our 3.71 support and a March 3.70 put at 8 cents or 400 dollars protection. Get out of the futures on a close under support only. If support holds risk 4 cents on the put option. This is a technicly inspired trade. Fundamentals remain week as Australia continues to under bid us on foreign buisness. This week we have last sales of 270 t.t. to Egypt that came from Australia. If we hit support and come back up 5 or 7 cents place a 1 cent profit stop on your long to elimate risk and then still hold your put risk to 4 cents. Just a note, the Chinese new year is over, they return back to government jobs Thursday. We might expect some export announcenents. Our weekly export sales report comes out ahead of the open.
MGR Archive 30.1.2004
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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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