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 Inspection report
CBOT, April 2, 2004
The week started for corn with our Monday weekly export inspection report showing 32.7 m.b. were inspected for near term export, down from 42.5 the week prior and over a year ago of 31 m.b. Inspections are up 224 m.b. on the year. It's a neutral number as the week prior contract highs set us up for softer exports. Thursdays weekly export sales report showed 694 t.t. of corn was sold last week, 42% under the week prior and 20% under the four week average. Like the inspection report, the sales report reflects last weeks contract highs. Breaking down the report we see some real bullishness as Asian sales were 559 t.t. a bullish number. Up to 70% of our exportable feed grains go to Asian markets annually. The yen had a big jump against the U.S. dollar this week improving their purchasing power. Demand remains a overall bullish source for long term. The acreage report Wednesday estimated 79 m.a. would be planted. This is only 268 t.a. over a year ago at a time when domestic and foreign field lot populations are expanding requiring more feed corn. This has left our ending stocks for the start of this years harvest at 901 m.b. the fourth lowest inventory since 1975 and put us in position to see lower ending stocks in 2005 and only one drought from running out. Commercial exporters and users were big buyers this week by using futures to secure long term delivery of inventory in casrkharvest falls short. Corn is easy to understand. Good demand strong dollar, expanding feed use and industrial usage ETHANOL increasing and a threat of low inventory socks going lower. As I have been saying since Jan. stay long corn. Charts wont turn bearish unless 3.10 basis Sept. futures and 3.05 basis Dec. is broken. Commercial exporters and feeders look to continue to chase futures ownership July thru Dec. delivery until this years crop shows t can deliver a new cash crop to feed demand. Planting begins in the midwest late April and thru May. Key yield development time will be July 4 to July 28.
MGR Archive 4.4.2004
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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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