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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Corn - Weekly review
CBOT, February 13, 2004
Corn started Monday with our weekly export inspection report showing 32.8 million bushels were inspected for near term export off from 38.6 the week prior but equal a year ago this time. Inspections are up 173 m.b. on the year. The report was viewed as demand neutral for this week. The U.S.D.A. monthly crop report came out Tuesday. It put our carry over stocks number, or inventory at the start of the new marketing year Sept. 1 at 901 m.b. down from the month prior of 981 and a year ago of 1.087 b.b. This is the lowest ending stocks number since 1996. It came as the government raised export projections 25 m.b. Feed use 25 m.b. and ethical production usage 30 m.b. World ending stocks dropped as well to 99.8 m.b. This report tells the trade to take prices higher or at least keep prices high enough into our spring planting to insure that acres increase over the year prior or next years ending inventory will fall further. Thursday's weekly export sales report showed 1.180 m.t. of corn was sold last week up 20% from the week prior and 31% over the four-week average. Asian sales were 765 t.t. versus 489 the week prior. Sales to Asian markets show no sign of stopping, even with the bird flew virus as China being out of the export market leaves the U.S. as Asia's sole port to buy from. Corn futures pushed to new contract highs this week. It's probable we will see more new highs next week but watch out for the last week of Feb. as a record large fund long position is surely to see profit taking gas funds take profits to the bank and pay bonuses on profits taken before month end as stated in their contracts agreements. We enter next week with support on March at 2.76 and May at 2.81. A close below support could leave corn to move 8 cents lower. 300 are near term resistance. Timing our high for the month before month end profit taking accurse is difficult. If 300 is hit that may be our first sign as surely funds are targeting that as their first goal in which they may peel 10 or 20% of their positions off. Of courses long term into spring planting we could be looking at 3.25 to 3.45 prices. Note, all markets are closed Monday for Presidents day. Normal hour resume Tuesday. Look to buy corn Tuesday and take profits by weeks end. Then look for a late month dip then turn and buy May for move thru 3.00. Note, we are in the dead of winter and yet world demand and price volatility remains active and high. This is only a sample of what to expect when the planting season begins in April and May. This summer looks to give us some of the most profitable price savings in history thanks to record world demand for corn and beans while domestic inventory runs critically low. Any problem with weather and historic highs could be reached. If don't have an account at Alaron and wish to use me as your broker so your ready call me at 800-563-9510. No minimum size acct. is required.
MGR Archive 16.2.2004
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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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