29th October , 2013
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TOP Contents - Tailored for YOU Latest News Headlines…
Oryza Rice Currency Analysis for Today – Currencies Little Changed Oryza Afternoon Recap – Chicago Rough Rice Futures Tumble as Grains Trigger Technical Sell Signal Dia de los Muertos Takes a Healthy Turn with Rice Replacing Sugar Skull Taiwan Awards Tender for 10,034 Tons of U.S. Rice India Basmati Rice Exports Likely to Increase 11% to 4 Million Tons in FY 2013-14 Asia Rice Quotes Mixed Today Oryza Quick Glance at World News Oryza Global Rice Quotes
NEWS Detail…
Oryza Rice Currency Analysis for Today – Currencies Little Changed Oct 28, 2013
U.S. dollar index was up +0.04% from the open today, when it traded at 79.228 at the close. Euro was +0.03% higher today by the close, trading around 1.3807 by end of day, after trading between an intraday high of 1.3818 and low of 1.3775. The dollar was little changed today after slightly disappointing U.S. economic data. The market is focused on what the Fed will reveal on Wednesday. Thai baht was weaker -0.16%, trading at 31.060 at the close of business. Indian rupee was weaker -0.11% trading at 61.5250. Brazilian real was +0.35% stronger than the open at today’s close, when it ended at 2.1797 reais per dollar. Pakistan rupee was -0.15% weaker at the close, trading at 106.6250.
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Vietnamese dong was -0.01% weaker, trading at 21100. Mexican peso was -0.08% weaker today, when it traded at 12.8903 pesos per dollar by the close of business today. Chinese yuan was weaker -0.04% at 6.0859. Argentine peso was -0.10% weaker at 5.8906 pesos per dollar. Tags: foreign exchange rates
Oryza Afternoon Recap – Chicago Rough Rice Futures Tumble as Grains Trigger Technical Sell Signal Oct 28, 2013
Chicago rough rice futures for January delivery settled 16 cents per cwt (about $4 per ton) lower at $15.260 per cwt (about $336 per ton). Rough rice futures closed sharply lower today as support provided by spread activity noted last week has clearly come to an end, leaving the market to fall under its own weight. A lack of fundamentally supportive news as well as a very bearish grain complex provided additional pressure on the market. The other grains finished sharply lower today; soybeans finished the day about 2.2% lower at $12.7125 per bushel; wheat finished about 1.4% lower at $6.8100 per bushel; and corn finished the day about 2.1% lower at $4.3175 per bushel.U.S. stocks nudged higher Monday, with the S&P 500 pushing to a fresh high, but gains were limited as investors digested a batch of mixed earnings reports and ahead of the Federal Reserve's policysetting meeting. The Dow Jones Industrial Average poked into positive territory. The Dow is within 1% of hitting its all-time high. The S&P 500 set a new all-time high of 1,763.96. The Nasdaq also edged higher. All three averages are poised to close sharply higher for the month, with the S&P 500 and Nasdaq up more than 4% each. Among key S&P sectors, financials led the decliners, while defensive areas such as consumer staples and utilities rose. U.S. stock markets are currently trading up about 0.2%, gold is trading about 0.1% higher, crude oil is seen trading about 0.8% higher, and the U.S. dollar is seen trading about 0.2% higher at about 2:00pm Chicago time.Turning to the daily continuation chart of Chicago rough rice futures for January delivery, with the completion of the majority of the position rolling on the part of large traders finished we have moved our attention to the January contract. Today’s action saw the market technically break down, falling below the 20day moving average, noted at $15.340 per cwt (about $338 per ton), and positioning price action in negative territory. The lower Bollinger band now comes into play as the current price objective at $14.950 per cwt (about $330 per ton), however layers of support are noted around $15.250 per cwt (about $336 per ton) and again at the psychologically important $15.000 per cwt (about $331 per ton) level. Today’s price action is seen as a negative development for future price direction. The session’s trading range is noted as $15.250-$15.420 per cwt (about
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$336-$340 per ton).Friday, there were 983 contracts traded, down from 2,304 contracts traded on Thursday. Open interest – the number of contracts outstanding – on Friday decreased by 269 contracts to 9,088. Tags: chicago rough rice futures
Dia de los Muertos Takes a Healthy Turn with Rice Replacing Sugar Skull Oct 28, 2013
Sugar skulls enjoy a long tradition in cultures that celebrate Dia de los Muertos (Day of the Dead). The holiday, which takes place October 31 through November 2, and is most widely celebrated in Mexico, honors friends and family members who have died. Dating back to an Aztec festival, Dia de los Muertos has evolved to incorporate elements of other traditions, such as All Saints Day. During this three day celebration, deceased loved ones can come back to visit those still alive. The holiday is not an entirely sad one, with many taking a celebratory approach to the deceased’s lives. Celebrants may visit graves of loved ones, leaving them gifts or offering prayers in their names. Some build private altars to honor those who have died, adorning them with their favorite foods, flowers, and candles. One of the most popular decorations during Dia de Los Muertos is the sugar skull.The sugar skull dates as far back as the 18th century and is used to represent a deceased person. The skulls are placed on a gravestone or altar to honor him or her. They are usually bright and colorful, depicting a folk art style. Sometimes the sugar skulls are just for decoration, but sometimes they are eaten after the celebration. If you’d like to take a healthier approach to the sugar skull this holiday, why not try using rice instead of sugar? This is a great activity/recipe to get the kids involved with, and it can be presented as a Halloween recipe instead if you prefer. Or forget the holiday aspect altogether, and just take this opportunity to get the children interested in healthy foods with a fun art project! Cook the rice with water and cornstarch (tapioca starch or another starch will work, too – this is just to help it keep its shape). The quantity of rice you should cook depends on how big of a skull you want to make, but a cup of rice is a good guideline (about 1.5 teaspoons of cornstarch to one cup of water). Shape the rice into a skull. The addition of the cornstarch should make this easier, but you’ll likely find a flat skull on a plate simpler to
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accomplish than a 3-D skull – not to say it can’t be done! The rest is limited only by your own imagination. Find a variety of vegetables that you can use to decorate it. Grape tomatoes, black olives, carrots, mushrooms, avocado, peas, and onions are great starting points, but don’t forget the possibility of bulking it up with lentils or beans; black or red lentils and black beans would be nice additions due to their contrasting color. Finally, use condiments like hot sauce for a last-minute splash of color. It’s best eaten soon after completion but can be refrigerated for a few hours.After you’re done admiring your handiwork (and you’ve snapped a few photos, of course), dig in! A much healthier alternative to a skull made out of sugar, and no hyperactive children as a result, either! Tags: sugar skull, dia de los muertos, rice dish, Rice recipe, decorations, celabration
Taiwan Awards Tender for 10,034 Tons of U.S. Rice Oct 28, 2013
Taiwan awarded a contract to supply 10,034 tons of U.S. medium/short grain rice to a company in the U.S. for NT$20,744 per ton (about $704 per ton) on duty paid delivered (DPD) terms, according to the USDA. Overall five bidders participated in the tender. Delivery is expected by February 10, 2014.Taiwan has tendered twothirds of the 2013 U.S. rice Country Specific Quota (CSW). The remaining 22,000 tons under normal tender scheme is expected to be announced soon. Taiwan is targeting to complete all tenders for the 2013 U.S. rice CSQ by December 31, 2013, according to the USDA. Tags: Taiwan rice imports
India Basmati Rice Exports Likely to Increase 11% to 4 Million Tons in FY 2013-14 Oct 28, 2013
India’s basmati rice exports are likely to grow to around 4 million tons in the fiscal year 2013-14 (April – March), up around 11% from around 3.6 million tons exported in FY 2012-13, according to local sources.Traders in India say that better returns and government’s crop diversification program have helped boost basmati rice production in Punjab and Haryana, two main basmati rice producing states in India. India produced around 7.1 million tons of basmati rice in 2012-13, and some trade sources say that production is likely to increase by around 30% to around 9 million tons in 2013-14.However, basmati purchase prices are high this year due to high demand in the international market in the Middle East helped by a weak Indian currency. Traders say that they are already paying around Rs. 3,200 per quintal (about $523 per ton, using current exchange rates) of basmati paddy rice, up about 50% from last year’s Rs. 2,200 per quintal (about $410 per ton, using historical exchange rates). Prices are likely to increase in the coming weeks, say trade sources. Read related Oryza story: India Earns $1.97 Billion from Rice Exports in April – June, 2013 Tags: India basmati rice production
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Asia Rice Quotes Mixed Today Oct 28, 2013
Thailand rice sellers lowered their quotes for parboiled rice and Hommali rice by about $5 per ton each to about $435 - $445 per ton and $1,075 - $1,085 per ton respectively today. Vietnam rice sellers lowered their quotes for 5% broken rice and 25% broken rice by about $5 per ton each to about $390 - $400 per ton and $360 - $370 per ton respectively, and increased their quotes for Jasmine rice by about $20 per ton to about $565 - $575 per ton. Indian rice sellers increased their quotes for 5% broken rice by about $5 per ton to about $415 - $425 per ton. Pakistan rice sellers lowered their quotes for 5% broken rice by about $370 - $380 per ton. 5% Broken Rice Thai 5% rice is quoted around $405 - $415 per ton, about a $15 per ton premium over Viet 5% rice (of summerautumn crop 2013) shown around $390 - $400 per ton, down about $5 per ton from Friday. Indian 5% rice is quoted around $415 - $425 per ton, up about $5 per ton from Friday and about a $45 per ton premium over Pak 5% rice (of new crop) quoted around $370 - $380 per ton, down about $5 per ton from Friday. 25% Broken Rice Thai 25% rice is quoted about $390 - $400 per ton, about a $30 per ton premium over Viet 25% rice (of summer-autumn crop 2013) shown around $360 - $370 per ton, down about $5 per ton from Friday. 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, down about $5 per ton from Friday. Indian parboiled rice is quoted around $390 - $400 per ton, about a $30 per ton discount to Pak parboiled rice (of new crop) 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 $15 per ton discount to Pak broken sortexed rice (of new crop) quoted around $325 - $335 per ton. Tags: Asia rice quotes, India rice quotes, Pakistan rice quotes, Thailand rice quotes, Vietnam rice quotes
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Oryza Quick Glance at World News Oct 28, 2013
Financial Times *The furor over American surveillance of overseas phone and internet traffic intensified over the weekend, with allegations that the U.S. had monitored Angela Merkel’s mobile for more than a decade. According to leaked documents seen by the weekly news magazine Der Spiegel, U.S. intelligence intercepted the German chancellor’s phone from 2002, before she became chancellor, until shortly before a visit by President Barack Obama to Berlin this past June. *Argentina’s President Cristina Fernández suffered a major setback in congress in midterm elections on Sunday, putting an end to her ambitions to be re-elected in the 2015 presidential polls. *U.S. President Barack Obama and his senior cabinet officials are mounting a big push to bolster foreign investment in the U.S. – amid evidence that America is falling behind other countries in the race for global capital. In 2000, the U.S. held 37% of the worldwide inward stock of foreign investment but by 2012, that share had dwindled to just 17%. *China has revealed that its first fleet of nuclear submarines has started sea patrols, in the latest sign of its military’s growing confidence, which has raised concerns in the region. Xinhua, the official news agency, released photographs of what appeared to be Xia-class vessels – China’s first generation of nuclear-armed submarines, which are several decades old – saying they were being “declassified” for the first time. *Georgia’s billionaire premier, Bidzina Ivanishvili, has said there is a “high probability” president Mikheil Saakashvili will be interrogated by prosecutors after leaving office – but insisted any inquiry will have nothing to do with the premier or the government. *Malaysia is pushing ahead with its bid to join the ranks of the world’s financial centres, inviting bids from developers and investors to build a vast business district in the capital that it hopes will become Asia’s version of Canary Wharf in London. *Emirates Airline, the fast-growing Gulf carrier, is in advanced negotiations with Boeing to buy as many as 100 long-haul passenger jets, in what could be a record-breaking $30 billion-plus commercial order for the U.S. aircraft manufacturer. *Global banks have started to approach New York’s attorney-general about paying billions of dollars to settle charges they mis-sold mortgage-backed securities that were at the heart of the financial crisis, following JPMorgan Chase’s tentative agreement to a $13 billion settlement. Wall Street Journal*Mongolia's president is due to arrive in Pyongyang on Monday with the goal of nudging North Korean leader Kim Jong Un toward peace and denuclearization, but experts say Pyongyang is unlikely to embrace Mongolia's tale of mining-based prosperity when it's packaged with democratic reforms. *India’s central bank will likely raise key lending rates on Tuesday, as its new leader, Raghuram Rajan, tries to further bolster his inflation-busting credentials. *A storm with hurricane-force winds lashed southern Britain, causing flooding and travel delays, including the cancellation of roughly 130 flights at London's Heathrow Airport.
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*The National Security Agency ended a program used to spy on German Chancellor Angela Merkel and a number of other world leaders after an internal Obama administration review started this summer revealed to the White House the existence of the operation, U.S. officials said. *At least six people were killed and dozens injured when a series of explosions shook an eastern Indian city Sunday ahead of a major opposition-party campaign rally, in an escalation of political violence in the world's largest democracy ahead of elections next year. *The EU is moving to a new approach in reinforcing its Iran sanctions regime in a bid to prevent legal challenges by companies from undermining the West's efforts to counter Tehran's nuclear program. *Indian regulators are expected to issue new rules governing the operation of foreign banks in coming days, in a step aimed at pressing them to set up local subsidiaries and lend more in poor, rural areas. *Addressing the nation’s military, including an elite unit tasked with defending its remote islands, Japanese PrimeMinister Shinzo Abe on Sunday vowed to keep in check territorial ambitions of other countries in a veiled warning to China for its maritime advances. New York Times*Syria submitted a formal declaration of its chemical weapons program and its plans for destroying its arsenal three days ahead of the deadline, the international chemical weapons watchdog said Sunday. *Palestinians in the Gaza Strip fired two rockets at a southern Israeli port city on Monday and Israel's Iron Dome interceptor shot down one while the other fell into the sea, a military spokeswoman said. *After months of tense negotiations over the size and role of a postwar presence in Afghanistan, senior North Atlantic Treaty Organization officials say they are planning a more minimalist mission, with a force consisting of fewer combat trainers and more military managers to ensure that billions of dollars in security aid are not squandered or pilfered. *Japanese Finance Minister Taro Aso said on Monday that he would consider penalty against Mizuho Financial Group over a loans-to-mobsters scandal after closely examining a report issued by an outside panel earlier in the day. *European aerospace group EADS is planning to cut jobs and costs in its defense division, the group's chief executive was quoted by a German paper as saying. *Spain's bailed-out lender Bankia on Monday posted a nine-month profit of 362 million euros (308 million pounds), above analysts' forecasts, though net lending income fell from a year ago. Tags: World news
Oryza Global Rice Quotes October 28th, 2013 Long grain white rice - high quality Thailand 100% B grade 415-425 Vietnam 5% broken 390-400 ↓ India 5% broken 415-425 ↑ Pakistan 5% broken 370-380 ↓
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Cambodia 5% broken U.S. 4% broken Uruguay 5% broken Argentina 5% broken
445-455 595-605 615-625 615-625
↔ ↔ ↔ ↔
Long grain white rice - low quality Thailand 25% broken 390-400 ↔ Vietnam 25% broken 360-370 ↓ Pakistan 25% broken 335-345 ↔ Cambodia 25% broken 415-425 India 25% broken 370-380 ↔ U.S. 15% broken 575-585 ↔
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Long grain parboiled rice Thailand parboiled 100% stxd 435-445 Pakistan parboiled 5% broken stxd 420-430 India parboiled 5% broken stxd 390-400 U.S. parboiled 4% broken 660-670 ↔ Brazil parboiled 5% broken 590-600 ↔ Uruguay parboiled 5% broken NQ ↔ Long grain fragrant rice Thailand Hommali 92% 1075-1085 Vietnam Jasmine 565-575 ↑ India basmati 2% broken 1515 -1525 Pakistan basmati 2% broken NQ ↔ Cambodia Pkha Malis 925-935 ↔ Brokens Thailand A1 Super 370-380 ↔ Vietnam 100% broken 345-355 Pakistan 100% broken stxd 325-335 Cambodia A1 Super 370-380 ↔ India 100% Broken stxd 310-320 Egypt medium grain brokens NQ ↔ U.S. pet food 370-380 ↔ Brazil half grain 345-355 ↔
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Medium grain milled U.S. Calrose 4% broken 620-630 ↔ Egypt medium grain 6% NQ ↔ All prices USD per ton, FOB vessel, oryza.
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