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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Wheat hits nine-year high
Kansas City wheat futures surged to nine-year highs Wednesday on growing concern about this year’s U.S. wheat crop. Chicago wheat rose to a 3˝-year high, while Chicago corn and soybeans closed up slightly. Wheat futures in Kansas City surged amid concern about the hard red winter wheat crop. Chicago wheat also was up sharply. The wheat crop has suffered from drought in many growing areas, and only small improvement was seen last week in some of those areas. In Kansas, the leading U.S. wheat producer, 25 percent of the crop was in good to excellent condition as of Sunday, up from 24 percent the previous week, according to the U.S. Department of Agriculture. Overall, drought and disease have eroded production potential in key growing areas. Meteorologists said temperatures in the Midwest could reach the 80s and 90s by the weekend, potentially stressing crops in the northern hard red winter wheat belt. Other support came from market talk that Iraq soon would tender for 1.5 million metric tons of wheat. Corn futures got a boost partly from stronger outside markets such as precious metals and crude oil. Some support also came after private exporters reported the sale of 119,888 metric tons of corn to Japan. Meanwhile, meteorologists said warm and dry weather was expected to help farmers get the new corn crop in. The government Monday said 85 percent of the U.S. corn crop was planted as of Sunday. Soybean futures also got a boost from outside markets and from a rebound from Tuesday’s drop. Spillover strength from wheat also boosted soybean futures. Meanwhile, warmer and drier conditions in U.S. soybean growing areas should help with planting progress of the new U.S. soybean crop. The government Monday said planting progress lagged the five-year average of 35 percent.
MGR Archive 21.5.2006
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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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