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 - Feb 20, 2004
The weeks reports started Tuesday with our weekly export inspection report showing 24.9 m.b. were inspected for near term export down from 32.8 the week prior, 29 a year ago and the four week average of 35.5 m.b. year todate inspections are 843 m.b. versus 694 a year ago. Fridays weekly export sales report showed 952 t.t. of corn was sold last week down 17% from the week prior and 3% under our four week average, Asian sales were 323 t.t. versus 444 the week prior. The overall demand numbers, though down from the week prior, still suggest demand is a supportive factor especially with such low carry over stocks or ending inventory. Last Friday on my weekly review I said expect new contract highs this week, then expect a month end break the last week as funds take month end profits. Contract highs for March and May were today. The only event to prevent a correction next week would be a Monday forecast for dry conditions in South America. That would push us to new highs Monday and Tuesday, then a price correction will accrue. We come in Monday with first support at 2.90 then 2.79 on May. Buy the breaks as our long term objective of 3.25 to 3.45 remains intact. The key issue to corns bull market is China's low production, has them backing away as a corn shopper to surrounding Asia's primary corn supplier. Traditionally, 72% of our exportable grains go to Asian markets. With expansion of feed lot populations in third world countries we look to continue a near record corn crop this year to exceed last years record 10.278 b.b. crop, demand looks to keep ending stocks under 1 b.b. into 2005 as usage is forecast to exceed 10.4 b.b. on the latest U.S.D.A. forecast.
MGR Archive 23.2.2004
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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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