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 weekly review
CBOT, June 4, 2004
Tuesday started corn off with our weekly export inspection report showing 32.9 m.b. were inspected for near term export down from 38.7 the week prior but over a year ago of 29.9. It is a neutral to friendly demand signal. Tuesday crop progress report put 90% of our projected 79 m.a. crop now emerged from the ground and in need of sunny warm days with one inch rainfall or better each week for good development. The crop condition report showed 68% of the crop was in good to excellent condition versus 68% of the crop was in good to excellent condition versus 68% the year prior and 43% two seasons ago. Overall the 68% rating is good considering the excessive rain. Corn acres that are not flooded can handle all the rain it can get. The concern now is will we dry out quick enough to replant low lying areas or will we abandon them and lose 1 m.a.. Either way they are finished pricing in acreage problems and will focus on weather and its impact on what is planted. Friday's weekly export sales report showed 431 t.t. were sold last week off from 1.262 m.t. the week prior and 52% under the four-week average. Sales to Asia dropped from 1.027 to 250 t.t. Do not be concerned on the soft weekly demand as over all demand remains robust. Ok, corn is planted leaving 98% of our pricing influence weather and its impact on emerging crops through August. The ending stocks of corn for the start of our fall harvest projected at 806 m.b. the fourth lowest since 1975 there is no room for error in yields. A drought like in 1988 could take 2 b.b. off our crop. A dry western belt season and 5 or 600 m.b. could disappear. I am looking for a June low to buy long December corn and hold into July and August our key yield time when odds favor at some point. We will get a weather scare pushing us higher. Were always too hot and dry some where over this vast corn and bean belt from Nebraska to Ohio. WXRISK.COM sees a wet week for rain fall. Now, other forecasters see a much drier week. Both forecasts are bearish for corn as a bone dry week is needed after near record rainfall last week but even a normal June wetter.
MGR Archive 6.6.2004
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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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