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
 INCO Terms
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Commodity Exchange
Search in news database
Wheat - Weekly review
CBOT, February 13, 2004
Monday's wheat reports started with the weekly export inspection report showing 21.1 m.b. were inspected for near term export up from 20.2 the week prior and 15.4 a year ago. It's not a bad number but the lower prices the week prior should have given us a better number. The U.S.D.A. crop report put our carry over stocks for the start of our June 1 marketing year at 534 m.b. down from 559 the month prior. They did this by raising our export projection. World wheat ending stocks were put at 126 m.m.t. down from 127.3 last month and 165 a year ago. It's was friendly for prices Tuesday but the market refocused on near term demand Wed. The weekly export sales report Thursday showed 340 t.t of wheat was sold last week off from 545 the week prior and 47% under the four week average. Though current demand remains soft, the market spent this week getting ready ahead of the visit to Washington this weekend to discuss a long term wheat purchase agreement by the Chinese. The thinking is we could come back next week and ahead of the open hear of a large near term delivery purchase. To sustain strength we need to have some o9f the purchase to be for old crop delivery before June 1. China has said its 2004-05 production could be a 20-year low. March options expire Friday Feb. 20. Buy the March 3.80 put for 3 cents or 150 dollars for 4 days protection and buy the May futures with a 3.80 stop close only order.
MGR Archive 16.2.2004
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
      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:

  © 2002 All rights reserved. - Legal Notice