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 - Weekly review
Monday started with our weekly export inspection report showing 20.2 m.b.were inspected for near term export, down from 30.3 the week prior and four week average of 23 m.b. but over a year ago of 11.4. Inspections are up 150 m.b. on the year. This was viewed as a negative number for Mondays pricing. Thursdays weekly export sales report showed 545 t.t. of wheat was sold last week down 6% from the week prior but 2% over the four week average. It's a neutral demand signal. May wheat futures traded between support of 3.79 and 3.95 all week. Support Monday is 3.80 with resistance of 3.90. We should hold those chart lines until Tuesdays U.S.D.A. crop report is out of the way. Buy the Mach 375 wheat put for downside risk and buy May futures with stops under support. Though demand remains somewhat weak, the Chinese trade delegation arrives on the fourteenth to discuss a long term wheat trade agreement. They may buy wheat next week ahead of their visit to pave the way for successful talks. Tuesdays crop report is expected to show no change in the carryover.
MGR Archive 8.2.2004
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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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