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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Saskatchewan, the Land of extremes
Seeding progress is as follows: NW and West Central SK are 60% to 70% complete, Southern SK is 80% to 90% complete, central SK is 55% to 60% complete and the east central and the north east are about 30% to 35% complete. It seems like there’s been a bigger push to put in the canola and lentil seed in most areas. Although we were speaking with a grower the other morning who still has a couple thousand acres of large green lentils to seed. Overall seeding is about 50% complete.

If you are trying to figure out what this means, here is the experience. If you are seeding peas, red lentils or small green lentils on the 20th of May, you should expect to be harvesting by the 25th of August. This gives the crop 10 days to emerge and then 85 days to mature. Large green lentils take about 15 days longer to mature than their smaller cousins. When the experts rate the number of days to maturity, it is based on heat units (number of hours of sunshine times the number of sunny days) and is a convoluted formula based upon average summer days. If we have a cooler-than-normal summer like last year with no frost until the end of September we should have a really good crop. However, if we have a traditional kind of September combined with a late seeding date there is going to be more low quality product and potentially lower yields.

Lower yields result from the timing of flowering. Usually these crops flower in late June before the real hot weather hits. The longer the crop flowers, the larger the yield. So with the delayed seeding this year, plants will be flowering in July when the hot weather usually hits. If we get the usual hot weather, peas and lentils won’t flower for long and yields will be lower.

We really aren’t even considering selling anything out any farther than the end of July. Can afford to be right but we definitely can’t afford to be wrong! Think about what’s going on around the globe: an unsotppable oil spill threatening miles of sensitive coast line, North Korea with an unstable government that could shoot off a nuke at any moment, Greece in financial trouble with any number of other countries following. It’s a nightmare out there! If you want to gamble, go to Las Vegas!

We can’t remember a time when there were so many economic factors to try and balance when pricing out a commodity. As for prices, unlike the weather here, they remain unchanged. Green peas are based on buying from the grower at 5.00 to 5.25 per bushel, and yellows are trading in the 4.25 to 4.50 per bushel price range.

MGR Archive 4.6.2010
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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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