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 Acreage Up; Soybean and Wheat Acreage Down
As expected, the U.S. Department of Agriculture (USDA) on Thursday predicted an increase in corn acreage and a reduction in soybean acreage this year in the United States. But the anticipated shift from soybean to corn acreage wasn't as dramatic as many analysts had forecast. In its Prospective Plantings report released Thursday morning, the USDA estimated that 81.4 million acres of corn will be planted in the United States, a 1% increase from 2004 and the highest. amount of corn acreage since 1985.

However, the corn acreage estimate would have been higher if not for stagnant corn prices and soaring fuel and fertilizer costs, which, according to the USDA, have farmers in the Southeast and northern Great Plains looking to plant more profitable crops.

"Some of the biggest decreases in corn acreage are occurring in North Dakota and South Dakota, where they are switching back to spring wheat in some areas," said Midland Research President Jerry Gidel, who discussed Thursday's report during a press briefing on the floor of the Chicago Board of Trade.

The USDA estimated that U.S. farmers would plant 73.9 million acres of soybeans in 2005, down 2% from last year's record acreage but higher than many analysts were expecting.

According to the report, growers in 16 of the 31 soybean producing states intend to plant fewer acres this year, while producers in 11 states plan to increase soybean acreage over a year ago.

The largest declines in soybean acreage are expected in the Dakotas and in the southern states, where Asian soybean rust was detected last fall. Already this spring, the disease has been found in soybean plants in Florida.
MGR Archive 3.4.2005
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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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