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 & Beans situation reflected by Brazilian new crop announcements
CBOT, April 29, 2004
After a 12-cent rally Tuesday on news Brazil would announce its bean crop size Wednesday, corn decided to pull back early on word Brazil's announcement had no scheduled time release. The two-day volatility is solely based on the Brazilian influence. With only 37% of our crop seed and ample rainfall called for thru Sunday in the midwest there's no reason to buy new crop Dec. over 3.10. Like Dec. as close to 3.00 as possible with a June 3.00 put for 5 cents or 250 dollars cost for insurance. Then buy on strength only as a planting completes and weather concerns appear. A close under 3.00 makes 2.90 next support.

Two crop estimates came out of Brazil. One at 52.6 M.M.T. and the Brazilian main gov. group at 50.2. Two things could happened today - one, funds say we have known this number for a month, lets sell a higher open, take month end profits and come in Monday and start to worry about our U.S. crop
AND
Tprices lower, or they will say this is our worst nightmare, were running out of beans world wide and they will take us up 40 cents.
One thing is certain - the number is long term bulish and traders should look for opportunities to buy Nov. Futures on dips as this will be the most important growing season in U. S. history. Btazils last report came in at 58 M.M.T. and the U.S.D.A. at 56.
MGR Archive 29.4.2004
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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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