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 export report
CBOT, March 12, 2004
Corn started Monday with our weekly export inspection report showing 53.6 m.b. were inspected for near term export, this was the highest weekly inspection number since March 4 2002. Inspections are up 203 m.b. on the year. This suggest demand is surfacing. Thursdays weekly export sales report showed 573 t.t. of corn was sold last week up 54% from the week prior but 34% under the four week average. Asian sales were 292 t.t. versus 148 the week prior. The number is neutral but the Asian sales are friendly. On Wed. the U.S.D.A. released its monthly crop report and left world and domestic carryover or ending stocks unchanged. The 901 m.b. carryover remains a bullish figure and looks to limit breaks with long term still pointing to 3.25 or better. The U.S. remains the primary port of origin to buy corn for Asian markets where 72% of our feed grains go annually. China looks to not compete against us for sales to local Asian neighbors as their corn exports are expected to be only 8 m.t. versus 15 last year. One thing will remain constant until the crop is made come August and that being we will always be considered over bought with too many heavy long positions being held. Unless corn finds a whole lot more acres to plant or carry over will go lower in 2005. On March 31 we get our U.S.D.A. planted acreage report. July corn has support at 2.95 with resistance at 3.06 then 3.10. Long term support lies way down at 2.87. Stay long with stops under 2.87.
MGR Archive 13.3.2004
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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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