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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Bounce boosts wheat, corn futures
Wheat futures traded higher partly on a technical bounce from recent oversold conditions. Wheat prices also were extending gains made during Thursday's trading. Prices rose Thursday after Egypt purchased 120,000 metric tons of U.S. soft white wheat.

Prices also got a boost from Japan's purchase of 80,000 metric tons of U.S. wheat. That was part of a total purchase of 121,000 metric tons of wheat from the United States, Canada and Australia.

Meanwhile, traders said demand was up from domestic end-users for high-quality wheat such as the hard red winter wheat traded at the Kansas City Board of Trade and spring wheat traded at the Minneapolis Grain Exchange. Wheat futures at those exchanges were leading Chicago wheat higher on Friday, traders said.

However, traders noted that overall wheat fundamentals remained bearish because of the good prospects for the new U.S. winter wheat crop and ample world wheat supplies.

Corn futures rose on a technical bounce from the lower trend for much of the week. Overall, corn fundamentals remained bearish, with a record U.S. corn crop expected this year. Private crop forecaster Informa Economics projected the U.S. corn crop at 11.750 billion bushels, above the U.S. Department of Agriculture's October projection for 11.613 billion bushels.

The agency will release updated projections Friday.

Soybean futures were mixed, with the distant contract months getting a technical bounce after falling to contract lows. Some pressure in the bean pit stemmed from rumors that China had canceled or deferred purchases of U.S. soybeans. Expectations for a record U.S. soybean crop this year also put pressure on the market.
MGR Archive 7.11.2004
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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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