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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USDA: Less Corn Acreage Expected in 2006
Government projections that suggest the biggest drop in U.S. corn acreage in over 20 years include a marked shift by Illinois farmers in favor of planting more soybeans this year.

The U.S. Department of Agriculture's recent report on prospective planting for the nation called for a 5 percent decline in corn fields while soybean acreage was up 7 percent.

The USDA noted that Illinois farmers would plant 11.4 million acres of corn in 2006. That would be down from 12.1 million acres last year. Soybean plants would cover 600,000 more acres in Illinois than they did in 2006, the report noted.

"That's a big surprise," said John Hawkins, spokesman for the Illinois Farm Bureau in Bloomington. "The market was looking for a reduction in corn but not to that degree," he said.

"Traders looked for corn acreage to drop nationally by 1 million to 1.5 million acres. Instead we're looking at a drop of 4.7 million acres," said Hawkins.

"The only thing that comes close to that kind of drop was in 1983 when the government introduced a new subsidy program," he said, referring to a program that paid farmers not to grow certain crops.

Hawkins doesn't believe the decline in corn will hold up when farmers take to the fields.

"I don't see these numbers coming to fruition. Corn processors will have to bid up the price to get farmers back into corn," he said.

Rising energy costs are behind much of the corn defection, said Hawkins. "Input costs are the big issue and most are linked to energy costs. The cost of nitrogen fertilizer (produced from natural gas) keeps rising," he said.

"Input costs for soybeans are less than for corn," said Hawkins.

Corn prices continued to climb Monday while soybean prices declined following stock activity on Friday following the report's release.

Corn's future remains bright due to expanded domestic use, said Patrick Kirchhofer, manager of the Peoria County Farm Bureau. "This year we may be using more corn -- 2 billion bushels -- for ethanol production than for export. No one would have imagined such a thing 10 years ago," he said.
MGR Archive 9.4.2006
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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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