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
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Wheat production down?
WASDE, NOvember 12, 2004
WHEAT: Projected U.S. 2004/05 ending stocks of wheat are 568 million bushels, 1 million bushels less than last month. Production is down 6 million bushels (mostly in Hard Red Spring wheat) but that is nearly offset by a 5-million-bushel increase in Soft Red Winter (SRW) wheat imports. Seed use rises 1 million bushels. Food use, feed and residual, and exports of wheat are unchanged, but changes are made in the by-class allocation of domestic use and exports. The projected price range is raised 10 cents on the lower end of the range to $3.20 to $3.50 per bushel because of stronger-than-expected prices during the past month.

Projected 2004/05 global wheat production, use, and stocks are up slightly from last month. Global wheat production is raised 1.1 million tons to a record 617 million tons because of larger foreign production. Larger crops are projected for the EU-25 (up 1.2 million tons) and Russia (up 1 million tons), with smaller increases for Argentina and Brazil. Australia's crop is down 1 million tons; Canada's is down 0.5 million tons; and smaller reductions are projected for Algeria and South Africa. Global consumption is raised fractionally from last month. Global imports and exports are up slightly from last month due to changes in a number of countries. The largest change in imports is a 0.3-million-ton increase for Algeria. Relative to last month's projections, Russia's exports are up 1 million tons, Argentina's are up 0.5 million tons, while the exports of Kazakhstan are down 0.5 million tons. Small changes in exports and imports are projected for several other countries. Global ending stocks are 0.7 million tons larger than last month's projection with the largest changes occurring in the EU-25 (up 1.2 million tons), Argentina (down 0.7 million tons), Canada (down 0.5 million tons), and Kazakhstan (up 0.5 million tons).

COARSE GRAINS: Further increases are projected this month for 2004/05 U.S. feed grain production and ending stocks. Forecast corn production, a record 11.741 billion bushels, is up 128 million bushels from last month. Also, grain sorghum production is up 10 million bushels. Due to revisions in harvested area, barley and oat production are both down 1 million bushels. Projected feed and residual use of corn, sorghum, and barley are up from last month. Corn and grain sorghum exports are each reduced 25 million bushels due to the slow pace of export sales to date and lower projected imports by Mexico, South Korea, and several other major markets. No change is made to industrial use of corn. Relative to last month, projected ending stocks of corn are up 128 million bushels and sorghum stocks are up 20 million bushels. The projected price range is down 5 cents on each end from last month for corn to $1.70 to $2.10 per bushel. The price range of sorghum is down 15 cents on each end to $1.55 to $1.95 per bushel.

Global 2004/05 coarse grain supply, use, and stocks projections are up from last month. Global production is raised to a record 985 million tons, up 8 million tons from last month and 9 percent larger than 2003/04. Relative to last month, larger crops are projected for China (up 4 million tons), the United States (up 3.5 million tons), and the EU-25 (up nearly 1 million tons). Crop reductions are noted for Brazil (down 0.5 million tons), Australia (down 0.4 million tons), and Bolivia (down 0.3 million tons). Production changes are projected for a number of other countries. Global consumption is raised slightly but global trade is down slightly from last month.
Reduced imports are projected for Mexico, South Korea, Egypt, Turkey, the Philippines, Japan, and Brazil. Larger imports by Peru, Iran, Indonesia, and other countries are partially offsetting. Smaller exports are projected for the United States, Australia, and Indonesia but larger exports are projected for the EU-25. Global coarse grain stocks rise 8 million tons from last month and are up 21 million tons from last year. China's stocks increase 4.1 million tons due primarily to the larger corn crop. Ending stocks also rise for the United States, with smaller increases projected for South Africa, South Korea, Russia, Ukraine, and other countries. Notable declines in stocks are projected for Mexico, Brazil, and Australia, with smaller reductions forecast for other countries.
MGR Archive 12.11.2004
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Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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