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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Corn & wheat weekly inspections
CBOT, Jan 18, 2005
CORN
We saw our weekly export inspection report come out at 10:00 am central time telling us how much o each grain was inspected for near term export and becomes a gauge of near term demand. Corn inspections were 27.7 million bushels up from 21.5 the week prior but under a year ago of 35.5 and four week average of 30.2. year to date inspections are 666 m.b. versus 710 a year ago. The slight improvement on the week come as the week prior was holiday shortened. It's a negative demand signal near term. Corn has issues. There's that China may begin to sell excess corn to surrounding Asian neighbors and customers of ours. Traders expecting our March planting intension report tot show growers intend to plant more corn and less beans to avoid the problems Asian rust disease could bring to bean fields and this all has the e trade looking for our ending stocks to rise to 2 b.b. from our recent estimate of 1.960 b.b. The best hope for corn to rally comes ion February when seasonal we turn up as the trade gets long ahead of the uncertainties spring plantings can bring. We can at least try and target a low for the month before the trade begins buying back shorts at months end. Were sitting right on first support of 1.96 next is 1.91. With next week being the last full week of Jan. I might assume 1.91 will not be broken and month end profit taking can accrue ahead of it. Months end profit taking could take us back to 2.07.

WHEAT
Our weekly export inspection report came in at 14.8 unchanged on the week and four week average. A year ago we had 26.3 m.b. todate inspections are 679 versus 694 m.b. a year ago. Avery week demand signal. Additionally Egypt a major ULSL wheat buyer purchased 295 t.t. of wheat on the world market this weekend with the U.S getting only 60t.t. of the total. Considering we were 12 cents lower on the week at Fridays close one might assume we were better valued but apparently not, leaving us to continue our mission to find a price low enough to make our U.S. ports a primary port of origin for would wheat purchases. We hit our 2.95 support basis March. If this holds we could come back to resistance of 3.03. A close under 2.95 and 2.84 is next stop. Sell strength to resistance with stops over 3.03.
MGR Archive 20.1.2005
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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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