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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US Corn Situation
CBOT, April 8, 2004
Corn started the week with Mondays weekly export inspection report showing 28.3 million bushels were inspected for near term export, down from 32.7 the week prior. Year todate inspections are 1.104 b.b. versus 884 m.b. last year this time. It's a neutral to friendly demand signal. Monday saw contract highs off the same common theme that has taken us from 2.30 to 3.30 and that being tight ending stocks, increasing feed use here and in Asia and better industrial use for ethical production. Thursday saw our U.S.D.A month crop report lowered our carry over or ending stocks for the start of our new marketing year and harvest Sept. 1 to 856 m.b. down 45 m.b. from our March report and 1.087 b.b. a year ago. It's a friendly report as the total is the fourth lowest ending stocks since 1975. The weekly export sales report showed 1.315 m.t. of corn wasa sold last week. Asia was in for 328 t.t. with 528 t.t. to unknown destination probably Asia. These are bullish demand numbers and shows the world sees 3.00 plus corn as cheap. As expected corn prices pushed to new contract h8ighs after the open, leaving funds fat with profits to sell the high and head for the bank and a long 3 day weekend as markets are closed Friday. The strong demand and dwindling inventory puts a lot of pressure on this growing season to produce record yields in hopes of not running out come 2005. We will start to plant in late April and finish up by May 25 in key midwest producing states. Sept. and Dec. contracts look to be where the speculators buy while commercials buy July . Dec. corn has support at 3.25 next week. Stay long with stops below support tend look for Asian demand to continue to inch prices higher.
MGR Archive 10.4.2004
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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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