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 futures jump to record
NEW YORK 4/02/08- Corn prices climbed to a record just below $6 a bushel Wednesday as cold, wet weather in the U.S. Corn Belt threatened to slow planting, adding to concerns over tight supplies.

Other commodities traded broadly higher, with precious metals, wheat, soybeans and energy futures all gaining.

Heavy rains and some snowfall in corn-growing states in the Midwest and the South are expected to continue into the weekend, raising the possibility that growers will have to postpone spring planting. That would only increase an already acute supply crunch for corn, which has shot up in value amid soaring demand to make ethanol and feed livestock.

“We’re going to start trading the weather here,” said Jason Ward, analyst with Northstar Commodity in Minneapolis. “The rainy weekend means that some corn growers may switch acres over to beans, and it also raises the risk that there will be lower corn yields.”

Corn for May delivery jumped 11.75 cents to settle at $5.9575 a bushel on the Chicago Board of Trade, after earlier rising to a record $5.99 a bushel.

Corn has surged 27 percent this year and appears poised to keep rising after the U.S. government on Monday predicted a sharp drop in corn planting. In its annual planting report, the U.S. Department of Agriculture projected that farmers will plant 86 million acres of corn, an 8 percent drop from last year.

“The bullish planting report is bringing some new investment capital into the market,” Ward said. “Corn looks to be the fundamentally safest place to put your money.”

Other agriculture commodities also rose Wednesday. Wheat for May delivery jumped 41.5 cents to settle at $9.365 a bushel on the CBOT, while May soybeans rose 32 cents to settle at $12.43 a bushel.

In precious metals markets, gold prices rebounded Wednesday after a steep fall below $900 the day before attracted bargain buyers. The dollar also weakened against the euro, boosting the appeal of precious metals as a hedge against inflation.

Gold for June delivery rose $12.40 to settle at $900.20 an ounce on the New York Mercantile Exchange. On Tuesday, the metal closed at $887.80, its lowest level in more than two months, after a Wall Street rally and a stronger dollar diminished the appeal of hard assets.

Other precious metals also traded higher. Silver for May delivery jumped 29 cents to settle at $17.180 an ounce on the Nymex, while Nymex copper rose 7.10 cents to settle at $3.8775 a pound.

In energy markets, gasoline futures jumped Wednesday after the U.S. government reported that gasoline demand rose unexpectedly last week while gasoline supplies fell sharply.

May gasoline futures rose 13.44 cents to settle at a record $2.7736 a gallon on the Nymex after the release of the government report. NEW YORK 4/02/08- Corn prices climbed to a record just below $6 a bushel Wednesday as cold, wet weather in the U.S. Corn Belt threatened to slow planting, adding to concerns over tight supplies.

Other commodities traded broadly higher, with precious metals, wheat, soybeans and energy futures all gaining.

Heavy rains and some snowfall in corn-growing states in the Midwest and the South are expected to continue into the weekend, raising the possibility that growers will have to postpone spring planting. That would only increase an already acute supply crunch for corn, which has shot up in value amid soaring demand to make ethanol and feed livestock.

“We’re going to start trading the weather here,” said Jason Ward, analyst with Northstar Commodity in Minneapolis. “The rainy weekend means that some corn growers may switch acres over to beans, and it also raises the risk that there will be lower corn yields.”

Corn for May delivery jumped 11.75 cents to settle at $5.9575 a bushel on the Chicago Board of Trade, after earlier rising to a record $5.99 a bushel.

Corn has surged 27 percent this year and appears poised to keep rising after the U.S. government on Monday predicted a sharp drop in corn planting. In its annual planting report, the U.S. Department of Agriculture projected that farmers will plant 86 million acres of corn, an 8 percent drop from last year.

“The bullish planting report is bringing some new investment capital into the market,” Ward said. “Corn looks to be the fundamentally safest place to put your money.”

Other agriculture commodities also rose Wednesday. Wheat for May delivery jumped 41.5 cents to settle at $9.365 a bushel on the CBOT, while May soybeans rose 32 cents to settle at $12.43 a bushel.

In precious metals markets, gold prices rebounded Wednesday after a steep fall below $900 the day before attracted bargain buyers. The dollar also weakened against the euro, boosting the appeal of precious metals as a hedge against inflation.

Gold for June delivery rose $12.40 to settle at $900.20 an ounce on the New York Mercantile Exchange. On Tuesday, the metal closed at $887.80, its lowest level in more than two months, after a Wall Street rally and a stronger dollar diminished the appeal of hard assets.

Other precious metals also traded higher. Silver for May delivery jumped 29 cents to settle at $17.180 an ounce on the Nymex, while Nymex copper rose 7.10 cents to settle at $3.8775 a pound.

In energy markets, gasoline futures jumped Wednesday after the U.S. government reported that gasoline demand rose unexpectedly last week while gasoline supplies fell sharply. NEW YORK 4/02/08- Corn prices climbed to a record just below $6 a bushel Wednesday as cold, wet weather in the U.S. Corn Belt threatened to slow planting, adding to concerns over tight supplies.

Other commodities traded broadly higher, with precious metals, wheat, soybeans and energy futures all gaining.

Heavy rains and some snowfall in corn-growing states in the Midwest and the South are expected to continue into the weekend, raising the possibility that growers will have to postpone spring planting. That would only increase an already acute supply crunch for corn, which has shot up in value amid soaring demand to make ethanol and feed livestock.

“We’re going to start trading the weather here,” said Jason Ward, analyst with Northstar Commodity in Minneapolis. “The rainy weekend means that some corn growers may switch acres over to beans, and it also raises the risk that there will be lower corn yields.”

Corn for May delivery jumped 11.75 cents to settle at $5.9575 a bushel on the Chicago Board of Trade, after earlier rising to a record $5.99 a bushel.

Corn has surged 27 percent this year and appears poised to keep rising after the U.S. government on Monday predicted a sharp drop in corn planting. In its annual planting report, the U.S. Department of Agriculture projected that farmers will plant 86 million acres of corn, an 8 percent drop from last year.

“The bullish planting report is bringing some new investment capital into the market,” Ward said. “Corn looks to be the fundamentally safest place to put your money.”

Other agriculture commodities also rose Wednesday. Wheat for May delivery jumped 41.5 cents to settle at $9.365 a bushel on the CBOT, while May soybeans rose 32 cents to settle at $12.43 a bushel.

In precious metals markets, gold prices rebounded Wednesday after a steep fall below $900 the day before attracted bargain buyers. The dollar also weakened against the euro, boosting the appeal of precious metals as a hedge against inflation.

Gold for June delivery rose $12.40 to settle at $900.20 an ounce on the New York Mercantile Exchange. On Tuesday, the metal closed at $887.80, its lowest level in more than two months, after a Wall Street rally and a stronger dollar diminished the appeal of hard assets.

Other precious metals also traded higher. Silver for May delivery jumped 29 cents to settle at $17.180 an ounce on the Nymex, while Nymex copper rose 7.10 cents to settle at $3.8775 a pound.

In energy markets, gasoline futures jumped Wednesday after the U.S. government reported that gasoline demand rose unexpectedly last week while gasoline supplies fell sharply.

May gasoline futures rose 13.44 cents to settle at a record $2.7736 a gallon on the Nymex after the release of the government report.

Other energy futures also rose. Crude oil for May delivery gained $3.85 to settle at $104.83 a barrel on the Nymex, while May heating oil futures rose 7.13 cents to settle at $2.951. May gasoline futures rose 13.44 cents to settle at a record $2.7736 a gallon on the Nymex after the release of the government report. Other energy futures also rose. Crude oil for May delivery gained $3.85 to settle at $104.83 a barrel on the Nymex, while May heating oil futures rose 7.13 cents to settle at $2.951. Other energy futures also rose. Crude oil for May delivery gained $3.85 to settle at $104.83 a barrel on the Nymex, while May heating oil futures rose 7.13 cents to settle at $2.951.
MGR Archive 4.5.2008
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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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