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 Wheat inspection report
CBOT, June 2, 2004
Tuesdays weekly export inspection report showed 21.1 m.b. were inspected for near term export up form 20.4 the week prior and 13 a year ago. Year todate inspections are 1.125 b.b. versus 832 m.b. a year ago. The new marketing year began Tuesday. It's a friendly demand indicator but not bullish. The winter wheat crop condition report showed 41% of our winter wheat crop is in good to excellent condition off form, 44% the week prior and 53% a year ago. The market ignored the friendly rating as harvest has begun and good or bad ratings give way to harvest inventory pressure. Spring wheat rating came in at 63% G-E up from 59 the week prior but well under a year ago of 81%. With 90% of the growing season aged they ignored the poorer year to year rating and sold wheat today on the surprising improvement on the week after what appeared to be an excessively wet week. Unless spring wheat prices softer near term. Support on July wheat lies at 3.65 and resistance 4.00. The bottom of the chart gap is 3.71.
MGR Archive 3.6.2004
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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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