25th October , 2013
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TOP Contents - Tailored for YOU Latest News Headlines… o Trying to Grow Your Garden Green? Have You Reached Your ‘Last Straw? o Oryza U.S. Rough Rice Recap – Price Ideas Remain Firm with Very Little Trading; Export Sales Still Delayed o Oryza Afternoon Recap – Chicago Rough Rice Futures Continue to Diverge, as Shorts Pay Up to Exit November Positions; Grains Weaker Today as Delayed Export Sales Report Fails to Excite o Oryza Rice Currency Analysis for Today – Brazil Real Down 0.7% o Thailand Government Expects Good Response in Tomorrow’s Rice Auction Via Futures Exchange o Pakistan Exports 212,786 Tons of Rice in September 2013; Up 16% from Previous Month o Oryza Overnight Recap – Chicago Rough Rice Futures Recover from Overnight Losses to Pause 3 Ticks Below Unchanged Ahead of Floor Trading o Vietnam Rice Sellers Lower Some of Their Quotes; Other Asia Rice Quotes Unchanged o Oryza Quick Glance at MDA Rice Crop Weather Update o Oryza Quick Glance at World News
NEWS DETAILS: Trying to Grow Your Garden Green? Have You Reached Your ‘Last Straw?’ Oct 24, 2013
Looking for an alternative to traditional mulches? Consider using rice straw in your next garden. Rice straw is leftover after the rice harvest and is usually relatively inexpensive. The nominal price isn’t rice straw’s only advantage. You can use only a small amount of straw and it may last for up to a year. Notably, rice straw is weed-free and can therefore be used as soon as it is available. Oat and wheat straw, for example, have seeds in them that may sprout amongst your vegetables if they’re not treated. Rice straw, on the other hand, helps reduce weeds. It can also increase soil moisture and prevent soil evaporation. A study conducted 2006-2008 in Punjab, India, found that rice straw decreased soil evaporation on irrigated wheat crops by 35 and 40 mm in high and low rainfall years, respectively. Consequently, it can delay irrigation needs and make the irrigation more effective. Other researchers in Bangladesh found that rice straw increases nitrogen levels in the soil and they evaluated its ability to decrease the time interval between the harvest of rice and the sowing of wheat. Rice
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straw is also clean and does an excellent job of protecting leafy greens from mud so that they are easier to clean after harvest. Furthermore, after it’s placed and watered, rice straw clings to itself and stays put.However, this same clinginess can be a negative if you try to run a lawn mower or tiller over fresh or wet straw – it might get tangled in the blades. Another negative side effect of using rice straw is the bugs that love to hide in it. Earwigs and slugs, among other crawlers, can be found in it, but applying iron phosphate and spinosad a couple of weeks before application can prevent this problem. The iron phosphate and spinosad are organic products and will need to be reapplied periodically if insects continue to be a problem.You use rice straw much like you would any other mulch. Prepare the garden as you normally would, removing weeds and applying any additives to the soil. After planting your seeds, spread a 1-inch to 2-inch layer of straw around the garden, placing it loosely but tight enough that you cannot see the soil. (You may find wet straw easier to spread.) Apply a generous amount of water, and add another 1-inch layer of straw if you need to once your vegetables are a few inches tall. If you’re mulching around trees or larger plants, you can use a much thicker layer of straw, 6-8 inches if needed, and you should leave a wider area around the base of the plant free of mulch. Unless you live in a very windy location, you do not need another type of mulch on top of it, although you may choose to use one for aesthetic reasons.If you’re not quite convinced but want to give it a try, consider using rice straw as a base layer under another mulch.
Oryza U.S. Rough Rice Recap – Price Ideas Remain Firm with Very Little Trading; Export Sales Still Delayed Oct 24, 2013
The U.S. cash market remains mostly subdued as both buyers and sellers price ideas appear stubbornly set in stone. Analysts insist that sellers are content to wait until the market comes to them while buyers are also seem to be willing to do the same. Who will blink
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first?.Offers were unchanged around $15.56-$16.66 per fob farm (about $343-$367 per ton), depending on where they are located in the U.S. mid-South, for October through December shipment. Bids from most larger mills increased to around $14.85 per cwt (about $327 per ton) while bids from exporters held steady near $15.25 per cwt (about $326 per ton), both for October through December delivery, although there were rumors or rice trading as high as $15.85 per cwt (about $349 per ton) delivered for shipment in 2013. In the meantime, today the USDA reported that net sales for the week ending in Oct 3, totaled 70,800 tons with increases reported for the following destinations including: 26,100 tons to Mexico; 13,800 tons to Haiti; 9,800 tons to El Salvador (switched from unknown destinations), 7,900 tons to Jordan; and 7,500 tons to Guatemala (6,700 tons switched from unknown destinations); while decreases of 11,000 tons were reported for unknown destinations. U.S. rice exporters shipped 102,100 tons with the primary destinations including: 34,900 tons to Mexico; 15,000 tons to South Korea; 14,000 tons to Ghana; 11,900 tons to Colombia; and 9,800 tons to El Salvador. Tags: U.S. rice prices
Oryza Afternoon Recap – Chicago Rough Rice Futures Continue to Diverge, as Shorts Pay Up to Exit November Positions; Grains Weaker Today as Delayed Export Sales Report Fails to Excite Oct 24, 2013
Chicago rough rice futures for November delivery settled 7.5 cents per cwt (about $2 per ton) higher at $15.535 per cwt (about $342 per ton). Rough rice futures continued to trade at an improved pace as spread activity remains the dominant focus as short specs pay up to roll their positions forward ahead of delivery. This action caused the front month contract to shoot higher while pressuring differed months lower on a lack of outright buying interest at current levels. Today’s export sales report showing an impressive 70,800 tons of sales and 102,100 tons of weekly shipments did little to add support to the market as the USDA is still providing delayed information as a result of the partial government shutdown. The other grains finished mostly lower today; soybeans finished the day a tick lower at $13.0975 per bushel; wheat finished about 0.8% lower at $6.9650 per bushel; and corn finished the day about 0.6% lower at $4.4025 per bushel.U.S. stocks traded near session highs Thursday, with the S&P 500 regaining its footing above 1,750, as Wall Street cheered a handful of upbeat earnings and encouraging economic data from China. The Dow and S&P 500 are on track for their third-straight winning week. The Dow Jones Industrial Average climbed. The blue-chip index is about 200 points from hitting its record high. The S&P 500 and the Nasdaq also traded higher. Among key S&P sectors, consumer discretionary gained, while telecoms slid. U.S. stock markets are currently trading up about 0.6%, gold is trading about 1.1% higher, crude oil is seen trading about 0.2% higher, and the U.S. dollar is seen trading about 0.1% lower at about 2:00pm Chicago time.Turning to the daily continuation chart of Chicago rough rice futures for November delivery, the market rallied again today on continued support from November/January spread trading. Today saw the nearby contract widen to a 20.5 cent per cwt (about $5 per ton) premium to the January.
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The market did manage to break through nearby resistance provided by the recent high of $15.495 per cwt (about $342 per ton), and for a time beyond the 200-day moving average. However, the latter proved too much to overcome and prices settled exactly in parity with this closely followed indicator at $15.535 per cwt (about $342 per ton). Today’s action provides a positive outlook for tomorrows price direction however it will likely be difficult to overcome the previously mentioned point of resistance, and upward potential will likely be limited by the upper Bollinger band which also came in to play during the markets attempt to rally mid-day. Today’s trading range is noted as $15.400-$15.600 per cwt (about $340-$344 per ton). Wednesday, there were 4,006 contracts traded, up from 3,322 contracts traded on Tuesday. Open interest – the number of contracts outstanding – on Wednesday decreased by 576 contracts to 9,753. Tags: chicago rough rice futures
Oryza Rice Currency Analysis for Today – Brazil Real Down 0.7% Oct 24, 2013
U.S. dollar index was down -0.11% from the open today, when it traded at 79.179 at the close. Euro was +0.16% higher today by the close, trading around 1.3797 by end of day, after trading between an intraday high of 1.3825 and low of 1.3765. The dollar traded down slightly after disappointing U.S. jobless claims data. Thai baht was stronger +0.10%, trading at 31.160 at the close of business. Indian rupee was stronger +0.20% trading at 61.4700. Brazilian real was -0.65% weaker than the open at today’s close, when it ended at 2.2045 reais per dollar. Pakistan rupee was -0.02% weaker at the close, trading at 106.5050. Vietnamese dong was unchanged at 21100. Mexican peso was +0.26% stronger today, when it traded at 12.9636 pesos per dollar by the close of business today. Chinese yuan was stronger +0.07% at 6.0816. Argentine peso was -0.08% weaker at 5.8688 pesos per dollar. Tags: foreign exchange rates
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Thailand Government Expects Good Response in Tomorrow’s Rice Auction Via Futures Exchange Oct 24, 2013
Thailand’s Director General of the Internal Trade Department says that there will be a good response to the government auction of 140,000 tons of Thai rice via Agricultural Future Exchange of Thailand (AFET) tomorrow. He told local sources today that ―significantly better‖ quality rice will be on offer in the auction and so far 20 bidders have already registered for the bidding.The government plans to offer 100,000 tons of white rice with 5% moisture and 40,000 tons of 100% second class Jasmine rice in the auction tomorrow. The rice will be delivered to the highest bidder in November, 2013.The government is targeting sales of around one million tons of rice from its stockpile via the AFET transactions in this year. Earlier, the Commerce Ministry had said that sale via futures exchange is a good way to sell smaller lots of rice and ensure that market prices prevail. Tags: Thailand rice
Pakistan Exports 212,786 Tons of Rice in September 2013; Up 16% from Previous Month Oct 24, 2013
Pakistan’s rice exports recovered in September 2013, reaching around 212,786 tons in the month, up around 16% from about 182,805 tons exported in August 2013, and up about 45% from around 146,179 tons in September 2012, according to provisional data from the Pakistan Bureau of Statistics (PBS).Pakistan’s basmati rice exports surged to around 55,103 tons in September 2013, up about 25% from around 44,221
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tons exported in the previous month, and up about 28% from around 42,892 tons of rice exported in September 2012.Non-basmati rice exports also increased to 157,683 tons in September 2013, up about 14% from around 138,584 tons exported in August 2013, and up about 53% from around 103,287 tons exported in September 2012.Pakistan’s overall rice exports in the first three months of the fiscal year 2013-14 (July – June) stand at around 688,155 tons, up about 40% from around 492,144 tons exported during the same period in the previous fiscal year.Pakistan's total rice exports in FY 2012-13 (July – June) stood at around 3.1 million tons, down about 14% from around 3.62 million tons of rice exports in FY 2011-12. Tags: Pakistan rice exports
Oryza Overnight Recap – Chicago Rough Rice Futures Recover from Overnight Losses to Pause 3 Ticks Below Unchanged Ahead of Floor Trading Oct 24, 2013
Chicago rough rice futures for November delivery are currently paused 1.5 cents per cwt (about $0.33 per ton) lower at $15.445 per cwt (about $341 per ton) as of 8:30am Chicago time. The other grains are seen lower this morning ahead of floor trading in Chicago: soybeans are currently seen slightly lower, wheat is seen about 0.4% lower, and corn is paused about 0.5% lower.U.S. stock index futures held their gains across the board Thursday following the latest jobless claims report and trade data. On the economic front, weekly jobless claims declined 12,000 to a seasonally adjusted 350,000, according to the Labor Department. Economists polled by Reuters had expected first-time applications to fall to 340,000 last week. Meanwhile, a Labor Department analyst said claims from the backlog in California were still working their way through the system. Ongoing computer issues in California have muddied the claims figures since September. And the U.S. trade deficit widened slightly by 0.4% to $38.9 billion in August as exports slipped, according to the Commerce Department. Economists surveyed by Reuters had expected a reading of $39.5 billion. U.S. stock index futures are currently trading about 0.3% higher, gold is currently trading about 0.5% higher, crude oil is seen trading about 0.3% lower, and the U.S. dollar is currently trading about 0.1% higher at 8:30am Chicago time. Tags: chicago rough rice futures
Vietnam Rice Sellers Lower Some of Their Quotes; Other Asia Rice Quotes Unchanged Oct 24, 2013
Vietnam rice sellers lowered their quotes for Jasmine rice by about $10 per ton to about $535 - $545 per ton today. Other Asia rice sellers kept their quotes unchanged. 5% Broken Rice Thai 5% rice is quoted around $405 - $415 per ton, about a $10 per ton premium over Viet 5% rice (of summerautumn crop 2013) shown around $395 - $405 per ton.
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Indian 5% rice is quoted around $410 - $420 per ton, and about a $35 per ton premium over Pak 5% rice (of new crop) quoted around $375 - $385 per ton. 25% Broken Rice Thai 25% rice is quoted about $390 - $400 per ton, about a $25 per ton premium over Viet 25% rice (of summer-autumn crop 2013) shown around $365 - $375 per ton. Indian 25% rice is quoted about $370 - $380 per ton, about a $35 per ton premium over Pak 25% rice (of new crop) quoted around $335 - $345 per ton. Parboiled Rice Thai parboiled rice is quoted around $435 - $445 per ton. Indian parboiled rice is quoted around $390 - $400 per ton, about a $30 per ton discount to Pak parboiled rice (of new crop) last quoted around $420 - $430 per ton. 100% Broken Rice Thai broken rice, A1 Super, is quoted around $370 - $380 per ton, about a $25 per ton premium over Viet broken rice (of summer-autumn crop 2013) shown around $345 - $355 per ton. Indian broken sortexed rice is quoted about $310 - $320 per ton, about a $20 per ton discount to Pak broken sortexed rice (of new crop) quoted around $330 - $340 per ton. Tags: Asia rice quotes, Vietnam rice quotes, Thailand rice quotes, India rice quotes, Pakistan rice quotes
Oryza Quick Glance at MDA Rice Crop Weather Update Oct 24, 2013
Oryza shares some of MDA’s latest rice crop weather updates: Drier weather will continue to favor harvest of late double crop rice in eastern South China and eastern Yangtze valley this week. Heavy rainfall will continue to slow harvesting in Japan this week. Downturn in rainfall this week may improve harvest conditions in Thailand and Vietnam. Wetness concerns will continue to ease in Luzon in the Philippines this week. Weather is expected to be favorable for rice crop in Indonesia this week. Rainfall may disrupt harvesting in central India this week. Continued rainfall is expected in southeastern Nigeria this week, but dryness concerns are increasing in western Nigeria. Mostly dry weather will aid rice harvest in the Delta region of the U.S. this week.
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Rainfall will favor rice crop in southern and northwestern areas of Brazil this week. For more complete weather information, contact: www.mdaus.com. Tags: Weekly weather report for rice pdf:
MDA Weather.pdf
Oryza Quick Glance at World News Oct 24, 2013
Financial Times *Angela Merkel’s mobile phone may have been the target of U.S. surveillance, the German government said on Wednesday. *The ECB President, Mario Draghi, warned on Wednesday night that some European banks needed to fail a series of ECB health checks to prove the credibility of its yearlong review of the region’s biggest banks. *China’s money rates shot up on Thursday after the central bank withdrew cash from the financial system, fuelling worries that the world’s second-biggest economy might see a replay of a liquidity squeeze that rattled global markets earlier this year. The seven-day bond repurchase rate, a key gauge of short-term liquidity in China, opened at 5%, a four-month high and up 150 basis points from the end of last week. *YouTube is poised to launch a tiered music subscription service that will stream audio and video, increasing the competition in a nascent market dominated by Spotify. *American Realty Capital Properties has agreed to buy Cole Real Estate Investments in an $11.2 billion deal as two of the largest U.S. commercial property owners put to rest tensions that have festered for much of this year. *Ministers in the Scottish and U.K. governments were scrambling to save Scotland’s most important industrial complex after the owner of the Grangemouth petrochemical plant announced it would close with the loss of 800 jobs. *The Philippines has retracted claims that China was preparing to start construction on a contested reef in the South China Sea, in an embarrassing U-turn by Manila. *CGI, the top contractor behind the ―Obamacare‖ online insurance exchange, is blaming the Obama administration for problems rolling out the healthcare.gov website, according to testimony released before a congressional hearing on Thursday. The release came as the Department of Health and Human Services denied that it was rethinking a March 31 deadline for uninsured Americans to sign up for the exchanges if they wish to avoid a tax penalty. Wall Street Journal *The preliminary, or "flash," HSBC China Manufacturing Purchasing Managers' Index rose to 50.9 in October, compared with a final reading of 50.2 in September, shows mildly positive sign for the world's No. 2 economy amid questions of whether it can sustain rapid growth. *India and China signed an agreement Wednesday aimed at easing hostilities on their disputed border, even as the nuclear-armed neighbors continue to build-up military capabilities there. *Brazil's government Wednesday swept into the global bond market, issuing $3.2 billion in new bonds due 2025, as investors set aside some of their pessimism on emerging markets and Brazil in particular.
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*Spain's central bank Wednesday said a two-year recession in the euro zone's fourth-largest economy ended in the third quarter, when Spain posted 0.1% growth from the previous quarter, in line with government projections. *U.S. President Barack Obama and Pakistan's Prime Minister, Nawaz Sharif, on Wednesday discussed tensions over the Central Intelligence Agency's drone program, even as they pledged stronger ties as the U.S. scales back its military presence in Afghanistan. *North Atlantic Treaty Organization defense ministers meeting in Brussels received optimistic assessments that agreements with Afghanistan would be in place in time for the U.S. and other foreign forces to maintain their presence in the country after 2014. *U.S. Secretary of State John Kerry and Israeli Prime Minister Benjamin Netanyahu met for seven hours in Rome to try to synchronize positions on two tracks of Middle East diplomacy—Iran and the Palestinian peace process. *China took a significant step Wednesday to deal with an explosion of borrowing among local governments by allowing more of them to issue short-term debt to help pay off maturing bonds and loans, according to a person with direct knowledge of the matter. New York Times *The slowdown in Asian economies will likely persist for the rest of this year as weak global growth and reforms under way in many countries hinder activity, Reuters polls showed on Thursday. But next year promises to be better, with most of the region's economies expected to grow at a faster pace on the back of a U.S. recovery. *Russian investigators on Wednesday dropped piracy charges against the crewmembers of a Greenpeace International ship who staged a protest against oil exploration in the Arctic Ocean last month, but said they would still face lesser charges of hooliganism. *Iran has stopped enriching uranium to 20%; one of the key demands of world powers in talks over Tehran's disputed nuclear program, a senior Iranian parliamentarian was quoted as saying. *Daimler has already achieved 70% of its planned 2013 cost cuts at its Mercedes-Benz luxury cars division through the end of the third quarter, finance Chief Bodo Uebber said on Thursday. *Korean Air Lines Co Ltd said on Thursday it would buy 3.98 trillion won ($3.77 billion) worth of aircraft from Boeing Co. *Japan is scaling down the planned main stadium for the 2020 Tokyo Olympics, following an uproar from some prominent architects who think it's too big and expensive. Tags: World news
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