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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Drought of wheat news sends futures downward
Kansas City and Chicago wheat futures closed lower Monday as early buyers turned to sellers amid little fresh wheat news. Chicago corn futures closed firm and soybean futures closed higher. Kansas City Value Line stock-index futures declined. Wheat futures took a hit from technical trading, and fundamentally there were few significant factors to support wheat. However, export business and the possibility that winter storms could damage the wheat crop continued to support wheat prices, according to traders. There was talk of Pakistan doing business with the United States on Monday. The results of a tender for 400,000 metric tons of wheat should come this week. Iraq has moved its tender to buy 100,000 to 150,000 metric tons of optional-origin wheat from Dec. 15 to Jan. 10. This extension comes amid talk that Iraq was negotiating with suppliers to buy 300,000 to 500,000 metric tons of U.S. wheat. Weekly export inspections of U. S. wheat totaled 16.2 million bushels. This is within trade expectations for 13 million to 18 million bushels. Corn futures closed mixed. Higher soybeans futures provided some spillover support to corn Monday. The drop in wheat also affected corn. Exports news was scarce over the holiday weekend but on Friday Taiwan did purchase 35,000 metric tons of U.S. corn. Gains in corn futures continue to be hampered by the record large U.S. corn crop this year. The U.S Department of Agriculture said 36 million bushels of corn were inspected for export for the reporting week. This is on the low end of trade estimates for 35.0 million to 40.0 million bushels. Soybean futures traded higher, partly due to export news. The government said 30.3 million bushels of soybeans were inspected for export during the latest reporting week. That's above trade expectations for 20 million to 25 million bushels. Gains in soybean futures continue to be hindered by record crop production this year. In addition, soybean rust is still being discovered.
MGR Archive 29.12.2004
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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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