Daily Global Rice E-Newsletter
9th September, 2014
News Headlines Cambodia's rice export sees slight increase in 9 months Rice prices seen lower by P4 per kg Rice prices continue to rise in Vijayawada MMTC, STC get a bid each for rice import tenders Ivory Coast on quest to become West Africa's rice bowl TABLE-India Grain Prices-Delhi- October 9 Nagpur Foodgrain Prices Open- October 9 Raves for Rice Ramen Continue Coconut Ginger Rice Pudding Arkansas Farm Bureau Daily Commodity Report
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News Detail…. Cambodia's rice export sees slight increase in 9 months Cambodia's rice export sees slight increase in 9 months PHNOM PENH, Oct. 9 (Xinhua) -- Cambodia exported 269,370 tons of milled rice in the first nine months of 2014, up 1.2 percent from 266,123 tons over the same period last year, according to official data released Thursday.Seventy-seven companies have brokered Cambodian rice for 57 countries and regions around the world, said the data compiled by the Secretariat of One Window Service for Rice Export.The five major buyers of Cambodian rice are France, Poland, Malaysia, the Netherlands and China. During the first nine months of this year, the country had exported 49,670 tons to France, 45,850 tons to Poland, 25,900 tons to Malaysia, 24,440 tons to the Netherlands, and 20,920 tons to China. "A slight rise in rice exports was due to fierce competitions with other countries' rice, particularly Vietnam and Thailand," said Kim Savuth, vice president of the Federation of Cambodian Rice Exporters.Cambodia produced 9.4 million tons of paddy rice last year. With the amount, it has over 3 million tons of milled rice left over for exports this year.Last year, it exported some 379,000 tons of milled rice, up 84 percent year-on-year.Xinhua is China's staterun news agency.All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Rice prices seen lower by P4 per kg Good harvests cited, but group says more rice imports to hurt farmers By Delfin T. Mallari Jr., Gabriel Cardinoza |Inquirer Northern Luzon, Inquirer Southern Luzon 10:00 am | Thursday, October 9th, 2014
Prices of rice are expected to fall by P4 per kilogram as a result of good harvest, but a militant farmers’ organization said farmers are likely to bear the brunt again of the importation of an additional 1.7 million metric tons of the staple. The group Samahang Industriya ng Agrikultura (Sinag), which monitors prices and developments in the agriculture industry, said the price of palay (unmilled rice) is expected to decline by at least P3 per kg, which would result in a P4 per kg decline in the price of rice. “Since it’s the peak of the harvest season, we estimate that palay price will decrease from P23 a kg to P20 a kg,” said Rosendo So, head of Sinag. He said this is still favorable to farmers because his group’s computation showed that the production cost for palay is about P12 a kg. The P20 per kg buying price is also higher than the P17 a kg buying price of the National Food Authority. With palay price at P20 per kg, So said the mill price of rice would be about P33.20 a kg. This was arrived at by multiplying P20 by 1.66, a factor derived by dividing 83 kg, the amount of palay that will make 50 kg of rice, with 50. “Add to this trucking costs from traders to outlets, you will have P35.20. When it reaches the retailers, it becomes P37.20 a kg,
still lower than the prevailing P42 a kg,” So said. Asked if this year’s harvest will be enough for the consumption needs of Filipinos, So said there is a need to come up first with an accurate rice consumption figure. According to the 2012 Survey of Food Demand for Agricultural Commodities conducted by the Bureau of Agricultural Statistics (BAS), the annual per capita consumption in 2012 was 114.26 kg. This number is multiplied by the population to determine the country’s annual rice consumption. During a recent meeting with agriculture officials, So said Agriculture Assistant Secretary Edilberto de Luna, national coordinator for the rice and corn program, told them that about 20 percent of the country’s population eat white corn as staple. But the militant Kilusang Magbubukid ng Pilipinas (KMP) said farmers are in for more suffering as Francis Pangilinan, presidential adviser on food security, had announced the importation of at least 1.7 million MT of rice. KMP chair Rafael Mariano, in a statement, said it meant the “dumping of more rice imports in the local market at the expense of local rice farmers.” Mariano said instead of rice importation, the government should extend production support services to rice farmers. He said the Aquino administration has chosen to spend public funds on a “rigged rice importation policy. ” Pangilinan had attributed low rice production to frequent storms and floods. Mariano, however, said the policies of government are to blame for the ailing rice industry. “With these kinds of policies, we can expect a higher hunger and poverty incidence until 2016,” he said. The National Food Authority last month imported 500,000 MT of rice which Mariano said would enter the market during a time of harvest.
Rice prices continue to rise in Vijayawada Mahindra Arjun Novo - Tractor. With Latest Technology Get High PTO, High Power, High Mileage! www.arjunnovo.com Ads by Google T. Appala Naidu
The Hindu With little paddy procurement from farmers, prices of white/fine rice have been soaring for the past fortnight. Photo: V. Raju TOPICS
There was an average Rs.100 to Rs.250 increase per 25 kg. With farmers possessing almost no paddy grown in the kharif 2013, middlemen and rice millers are having a field day in fixing prices of various varieties of rice in the market in Krishna district. Given the monopolistic behaviour of all people involved in the rice business between the farmer and consumer, prices are skyrocketing since early March. There was an average Rs.100 to Rs.250 increase per 25-kg bag of any quality or variety of rice in wholesale market. “It was not the demand
for rice from customers in wedding season to blame for soaring prices. The prices are expected to go up further in next few weeks as there was no paddy production in rabi season in Krishna district,” Machilipatnam Rice Merchants’ Association president Y. Sekhar told The Hindu. The varieties largely preferred by all classes of people from all income groups are 1061, BPT (grown in Krishna district) and Samba which is largely imported from neighbouring Godavari districts. “One kg of fine quality Samba variety rice is Rs.48 now which was between Rs.35-38 in March in wholesale market. Though rising of prices is a common phenomenon, the rate of increase is much higher this year” said K.V.N. Prasad, a wholesale dealer from Machilipatnam rice market. The fluctuation in rice prices normally witness during the post-rabi season, in which local variety M7 production would influence in price fixation. However, there was no production of M7 in the recent Rabi in Krishna district due to ongoing canal modernisation works. According to wholesale dealers, the middlemen from other parts in Andhra Pradesh now eyed on Kharif paddy, which was stored by big farmers.
MMTC Ltd received a bid of $867 per tonne for its rice import tender seeking 10,000 tonnes in the state of Mizoram, while State Trading Corp. got $750 a tonne bid for its similar tender for the state of Manipur NEW DELHI: Two state traders received a single bid each for their rice import tenders for deliveries in the country's northeast, traders said on Thursday. MMTC Ltd received a bid of $867 per tonne for its rice import tender seeking 10,000 tonnes in the state of Mizoram, while State Trading Corp. got $750 a tonne bid for its similar tender for the state of Manipur. Traders said the sharp difference between the two bids reflect the logistical cost of importing rice from neighbouring Myanmar to the two states.
MMTC, STC get a bid each for rice import tenders
India, the world's second-biggest rice producer, has huge surplus stockpiles, but these tenders were floated to meet temporary supply disruption in the interior parts of the northeast due to rail link upgradation works during the winter. The deadline for bids in both the tenders were changed twice last month, with the delivery sought only in November. MMTC and STC sought 25 percent broken white rice supplies from overseas sellers. On Sept. 1, India's rice stocks stood 17.32 million tonnes, nearly double the target of 9.8 million tonnes. For a story on India's rice import, click
By Reuters | 9 Oct, 2014, 05.57PM IST
(1 US dollar = 0.7840 euro)
Keywords: Vijayawada rice prices, rice market monopoly, Machilipatnam Rice Merchants’ Association, Krishna district
Ivory Coast on quest to become West Africa's rice bowl Thu Oct 9, 2014 2:58pm BST * Govt and private sector investing heavily * Rice self-sufficiency expected in 2016 * Aiming to begin rice exports in 2018 * Building 30 processing units with Indian loans By Loucoumane Coulibaly ABIDJAN, Oct 9 (Reuters) - Ivory Coast aims to become the rice bowl of West Africa as it ramps up production and processing of the regional staple food with an eye on beginning exports in 2018 and generating more than a million jobs, a government official said.In the midst of an economic revival after years of political turmoil ended with a brief civil war in 2011, the country better known as the world's biggest cocoa producer is investing about $4 billion as part of a programme to diversify its agricultural sector and create jobs. French-speaking West Africa's largest economy is growing again after the decadelong political struggle between a rebel-held north and government-controlled south. It achieved growth of 9.8 percent in 2012, but unemployment among its 20 million people remains high, especially among the young.Currently a rice importer, Ivory Coast spent about 235 billion CFA francs ($455 million) on rice from Thailand, India, Pakistan and Vietnam last year, but Yacouba Dembele, director of the national office for rice development, is targeting selfsufficiency within two years.Dembele told Reuters that 477 billion CFA francs will be invested in the 2012-16 period to develop the rice industry, with about 60 percent coming from the private sector."We want to be the granary of the (West African) subregion and from 2018 we want to start to
satisfy the sub-region's rice needs," Dembele said. "We have the potential."The government has signed investment agreements with foreign companies including France's Louis Dreyfus Commodities , Algeria's Cevital, Export Trading Group of Singapore and Switzerland's Ameropa.Under the programme, the government is organising distribution of high-yield seeds to farmers and bankrolling the development of new production areas and irrigation systems.In and around the western town of Gagnoa one of the areas that has benefited from the programme despite being better known as a cocoa growing hub - dozens of new rice plots have appeared. MULTIPLE HARVESTS "There were plots that were abandoned and which are now being used," farmer Mamadou Diaby said over the noise of the small rice mill he operates in the town. "We have abundant rainfall, which means that we can grow year-round. There are plots that are doing two or even three harvests a year."Ivory Coast's rice production jumped to 980,000 tonnes in 2012, the first year of the development plan, against 550,000 tonnes in 2011. Last year production hit 1.2 million tonnes, with output projected to rise to 1.6 million this season.mports, meanwhile, fell to 830,000 tonnes last year, from 1.26 million tonnes in 2012. "For the first time in 30 years we have reduced imports by around 35 percent compared with the previous year. It's a trend that will continue," Dembele said.With average annual consumption of 70kg per head of population, Ivory Coast will need to reach production of 2 million tonnes before it becomes self-sufficient - a level that Dembele said should be achieved in
2016.The government then plans to build up stocks to guard against international price fluctuation before starting to export to its regional neighbours two years later."We have a large deficit in terms of processing," Dembele said. "If you produce paddy, you must be capable of processing it. It's a very important element in the chain."India is lending Ivory Coast 30 billion CFA francs to buy 30 processing units, each with annual capacity of 25,000 tonnes, and to build storage units.The Ivory Coast government expects locally produced and processed rice to go on sale alongside imported rice by April.Quite apart from the obvious savings on import costs, the creation of a thriving local rice industry - from production to milling and marketing - will have a significant knock-on effect for the economy."In the end, this project will generate nearly 1.5 million jobs, directly or indirectly," Dembele said. (1 US dollar = 516.6500 CFA franc) (Writing by Joe Bavier; Editing by David Goodman)
TABLE-India Grain Prices-DelhiOctober 9 Thu Oct 9, 2014 3:55pm IST Rates by Asian News International, New Delhi Tel: 011 2619 1464 Indicative Previous Grains close
opening
(in rupees per 100 kg
Wheat Desi 1,800-2,700.
1,800-2,600
Wheat Dara 1,500-1,650.
1,550-1,650
Roller Mill (per bag) 1,800-2,100.
1,750-2,050
Maida (per bag) 1,600-1,900. Sooji (per bag) 1,800-2,100.
1,600-1,900
1,800-2,100
Rice Basmati(Common) 9,000 8,500-9,100. Rice Permal 2,050-2,450. Rice Sela 2,500-2,800. I.R.-8 2,100-2,500. Gram 2,850-3,500.
8,400-
2,050-2,450
2,500-2,800
2,100-2,500
2,800-3,500
Peas Green 2,450-3,050.
2,450-3,050
Peas White 2,400-2,800.
2,400-2,800
Bajra 1,300-1,600. Jowar white 1,500-1,700.
1,400-1,700
1,500-1,700
unless stated) ---------------------------------------------------------
Maize 1,300-1,450.
1,300-1,450
Barley 1,500-1,650.
1,500-1,650
Nagpur Foodgrain Prices Open- October 9 Thu Oct 9, 2014 3:53pm IST Nagpur, Oct 9 (Reuters) - Gram and tuar prices in Nagpur Agriculture Produce and Marketing Committee (APMC) reported down on poor buying support from local millers amid increased supply from producing regions. Fresh fall on NCDEX, downward trend in Madhya Pradesh pulses and increased overseas arrival also pulled down prices here, according to sources. *
*
*
*
FOODGRAINS & PULSES GRAM * Gram varieties ruled steady in open market here on subdued demand from local traders amid ample stock in ready position. TUAR * Tuar Karantaka recovered in open market on good seasonal demand from local traders amid thin supply from producing belts. * Masoor varieties firmed up in open market on increased festival season demand from local traders amid restricted arrival from producing regions. * In Akola, Tuar - 4,800-4,900, Tuar dal 7,000-7,200, Udid at 7,000-7,200, Udid Mogar (clean) - 7,800-8,100, Moong - 6,900-7,300, Moong Mogar (clean) 8,300-9,000, Gram - 2,500-2,700, Gram Super best bold - 3,700-4,000 for 100 kg.
* Wheat, rice and other commodities remained steady in open market in thin trading activity, according to sources. Nagpur foodgrains APMC auction/openmarket prices in rupees for 100 kg FOODGRAINS Available prices Previous close Gram Auction 2,200-2,825 2,330-3,020 Gram Pink Auction n.a. 2,100-2,600 Tuar Auction 3,900-4,300 4,000-4,350 Moong Auction n.a. 5,200-5,500 Udid Auction n.a. 4,3004,500 Masoor Auction n.a. 2,600-2,800 Gram Super Best Bold 3,8004,200 3,800-4,200 Gram Super Best n.a. Gram Medium Best 3,550-3,700 3,550-3,700 Gram Dal Medium n.a. n.a. Gram Mill Quality 3,400-3,450 3,400-3,450 Desi gram Raw 2,900-2,925 2,900-2,925 Gram Filter new 3,200-3,600 3,200-3,600 Gram Kabuli 8,500-9,800 8,500-9,800 Gram Pink 7,200-7,400 7,200-7,400 Tuar Fataka Best 7,250-7,450 7,250-7,450 Tuar Fataka Medium 7,100-7,200 7,100-7,200 Tuar Dal Best Phod 6,600-6,800 6,600-6,800
Tuar Dal Medium phod 6,3006,500 6,300-6,500 Tuar Gavarani 4,900-4,950 4,800-4,850 Tuar Karnataka 5,350-5,450 5,300-5,400 Tuar Black 8,200-8,500 8,200-8,500 Masoor dal best 6,800-6,900 6,700-6,800 Masoor dal medium 6,600-6,700 6,500-6,600 Masoor n.a. n.a. Moong Mogar bold 9,000-9,800 9,000-9,800 Moong Mogar Medium best 8,2008,600 8,200-8,600 Moong dal super best 7,800-8,200 7,800-8,200 Moong dal Chilka 7,500-7,700 7,500-7,700 Moong Mill quality n.a. n.a. Moong Chamki best 7,000-8,500 7,000-8,500 Udid Mogar Super best (100 INR/KG) 8,000-8,200 8,000-8,200 Udid Mogar Medium (100 INR/KG) 6,900-7,500 6,900-7,500 Udid Dal Black (100 INR/KG) 6,200-6,700 6,200-6,700 Batri dal (100 INR/KG) 4,000-4,800 4,000-4,800 Lakhodi dal (100 INR/kg) 2,8003,100 2,800-3,100 Watana Dal (100 INR/KG) 3,2503,450 3,250-3,450 Watana White (100 INR/KG) 3,2503,350 3,250-3,350 Watana Green Best (100 INR/KG) 4,400-5,200 4,400-5,200 Wheat 308 (100 INR/KG) 1,2001,500 1,200-1,500 Wheat Mill quality(100 INR/KG) 1,650-1,700 1,650-1,700
Wheat Filter (100 INR/KG) 1,3001,500 1,300-1,500 Wheat Lokwan best (100 INR/KG) 2,100-2,450 2,100-2,450 Wheat Lokwan medium (100 INR/KG) 1,850-2,000 1,850-2,000 Lokwan Hath Binar (100 INR/KG) n.a. n.a. MP Sharbati Best (100 INR/KG) 2,8003,200 2,800-3,200 MP Sharbati Medium (100 INR/KG) 1,950-2,350 1,950-2,350 Wheat 147 (100 INR/KG) 1,2001,300 1,200-1,300 Wheat Best (100 INR/KG) 1,5001,800 1,500-1,800 Rice BPT new (100 INR/KG) 3,0003,500 3,000-3,500 Rice Parmal (100 INR/KG) 1,7001,900 1,700-1,900 Rice Swarna new (100 INR/KG) 2,300-2,600 2,300-2,600 Rice HMT new (100 INR/KG) 4,000-4,400 4,000-4,400 Rice HMT Shriram (100 INR/KG) 4,800-5,800 4,800-5,800 Rice Basmati best (100 INR/KG) 10,500-13,500 10,500-13,500 Rice Basmati Medium (100 INR/KG) 7,300-10,000 7,300-10,000 Rice Chinnor (100 INR/KG) 5,0005,600 5,000-5,600 Jowar Gavarani (100 INR/KG) 1,400-1,600 1,400-1,600 Jowar CH-5 (100 INR/KG) 1,7001,800 1,700-1,800 WEATHER (NAGPUR) Maximum temp. 33.5 degree Celsius (92.3 degree Fahrenheit), minimum temp. 22.2 degree Celsius (71.9 degree Fahrenheit) Humidity: Highest - n.a., lowest - n.a. Rainfall : nil FORECAST: Partly cloudy sky. Rains or thunder-showers may occur. Maximum and Minimum temperature
likely to be around 35 and 23 degree Celsius respectively. Note: n.a.--not available (For oils, transport costs are excluded from plant delivery prices, but included in market prices.)
luxury item, because it was a lot more expensive than fresh udon noodles. Who could have guessed it would become such a cheap and popular staple in pantries around the world. And by now the fresh udon noodles are probably a lot more expensive than the instant ramen! Coconut Ginger Rice Pudding
Raves for Rice Ramen Continue It’s not just folks who are gluten intolerant who love them but other hardcore ramen fans who appreciate the delicious new tastes and colors. Our package of four Rice Ramen cakes, without any flavorings, is becoming a special favorite. People use them as a gluten-free pasta, to make their own soups, stir fries, salads and other creations. For our trade shows and in-store demos, we prepare a Forbidden Rice® Ramen salad as a way for customers to taste this delicious and nutritious ramen. All we do is cook two noodle cakes in boiling water for 4 minutes (loosening the noodles gently), then rinse them quickly under cold water to arrest the cooking, and toss in some sesame oil, tamari (gluten-free soy sauce), and chopped scallions. Nothing could be easier! People can’t believe something so good can be so fast and simple to prepare. We are compiling a folder of great Ramen recipes that we’ll post on our website but you can now see them on our Pinterest page. If you have some favorites, please share them. We’ll be happy to credit you. Even the Huffington Post has picked up on the ramen craze and recently listed “10 Things About Instant Ramen You'll Be Embarrassed You Never Knew.” For example, when instant ramen was first introduced into Japanese supermarkets in 1958 it was considered a
What’s so great about this recipe is that it can be easily adapted for our other rices and if you’re super busy, can be made in a fraction of the time with our versatile Heat & Eat Rice Bowls. We suggest, though, only 1 cup of coconut milk and one bag of ginger tea per bowl . And add your own touch of creativity by topping with seasonal fruits. Coconut Ginger Rice Pudding with Pomegranate
5 C organic coconut milk 1 C Lotus Foods Organic Jasmine Rice 4 bags of organic ginger tea 1 tsp vanilla 1/4 C organic coconut sugar 2 tsp organic grated ginger Handful of pomegranate seeds
Bring the coconut milk to a rolling boil. Reduce heat and add the tea bags. Brew for about six minutes and remove the tea bags. Add vanilla and rice to coconut milk and stir. Turn heat to low and let simmer, uncovered, for about 18-20 minutes. Stir often. Add the coconut sugar and grated ginger and stir. Remove pudding and serve in small bowls. Top the pudding with a sprinkle of coconut sugar and pomegranate seeds. Enjoy!
:
Special thanks again to Margaux Rathbun. You can find more great recipes at her Authentic Self Wellness site.
Arkansas Farm Bureau Daily Commodity Report A comprehensive daily commodity market report for Arkansas agricultural commodities with cash markets, futures and insightful analysis and commentary from Arkansas Farm Bureau commodity analysts.Noteworthy benchmark price levels of interest to farmers and ranchers, as well as long-term commodity market trends which are developing. Daily fundamental market influences and technical factors are noted and discussed. Soybeans
SOYBEANS High
Low
Last
Change
Nov 945.0 '14 0
932.5 0
942.0 0
+7.0 0
Jan '15
953.0 0
940.7 5
950.0 0
+6.5 0
Mar 961.5 '15 0
949.5 0
958.5 0
+6.5 0
Ma y '15
969.5 0
958.0 0
966.7 5
+6.2 5
Jul '15
976.2 5
965.5 0
974.0 0
+6.2 5
Aug 976.0 '15 0
976.0 0
976.7 5
+6.2 5
Sep 970.0 '15 0
960.2 5
967.7 5
+5.2 5
Nov 967.2 '15 5
956.0 0
964.0 0
+4.5 0
Jan '16
965.0 0
969.7 5
+4.2 5
High Low Cash Bids 970
901
New Crop 992
922
972.5 0
Riceland Foods
Arkansas Daily Grain Report Cash Bids Stuttgart: 922
Pendleton: 932
New Crop Stuttgart: 934
Pendleton: 939
FOB Memphis Elevator Crops Soybean Comment
Futures
Soybean prices rose again today, and are up strongly this week. Tomorrow's USDA report will likely add some new bearish fundamentals for this market. The good news for prices is that
while this report is expected to increase yields by 1 bushel per acre; however the declines in the September stocks report should eat most of this production and allow stocks to hold near 470 million bushels.
Wheat
560.0 Dec 0 '15
546.0 0
547.5 0
14.5 0
558.7 5
14.0 0
Ma y '16
561.7 5
10.5 0
Jul '16
557.2 5
-7.25
Mar '16
High Low Cash Bids 463
421
New Crop 524
479
Arkansas Daily Grain Report
Futures WHEAT : High
Low
Last
Chang e
508.2 Dec 5 '14
492.0 0
493.2 5
14.5 0
519.5 Mar 0 '15
503.7 5
505.2 5
14.0 0
Ma y '15
526.5 0
510.2 5
511.7 5
14.2 5
534.5 0
518.2 5
519.5 0
14.5 0
Jul '15
544.0 Sep 0 '15
530.5 0
530.7 5
14.7 5
FOB Memphis Elevator Crops Wheat Comment Wheat prices continued their rally today. Strength in outside markets has allowed these prices to move higher. Wheat continues to wait for tomorrow's USDA report to see if there is an increase in exports. Wheat needs to see strengthening demand to help support this market.
Grain Sorghum High Low Cash Bids 383
291
New Crop 407
366
Arkansas Daily Grain Report
'16
0
0
0
5
Ma y '16
410.0 0
403.5 0
406.0 0
+0.2 5
Jul '16
414.5 0
410.0 0
410.5 0
0.00
FOB Memphis Elevator Crops
Corn High Low Cash Bids 318
273
New Crop 362
303
Arkansas Daily Grain Report FOB Memphis Elevator Crops Corn Comment
Futures CORN : High
Low
Last
Change
Corn prices continue to post gains today. Recent gains have pushed these prices out of oversold territory, and into a much more comfortable technical position. With expectations for tomorrow's crop report to show more than 14.5 billion bushels of corn, there is some bearish news on the horizon. This could push prices lower. It is likely this market has still yet to put in a bottom, these gains should be viewed as an opportunity to sell additional grain.
Dec 348.0 '14 0
340.7 5
344.7 5
+1.5 0
Mar 360.7 '15 5
353.7 5
357.7 5
+1.2 5
Ma y '15
369.5 0
362.7 5
366.5 0
+1.2 5
Jul '15
377.0 0
370.5 0
374.0 0
+0.7 5
Sep 384.7 '15 5
378.2 5
381.5 0
+0.7 5
High
Low
Dec 394.2 '15 5
387.5 0
390.0 0
0.00
Oct - - '14
---
64.55
-0.96
Mar 403.5
397.0
399.5
+0.2
Dec 64.93 '14
63.12
63.94
0.95
Cotton Futures:
COTTON Last
Change
Jan '15 Memphis, TN Cotton and Tobacco Programs Cotton Comment Cotton futures retraced a portion of this week’s early gains in today’s trade. Rain, wind, and hail have caused significant damage to the cotton crop in some areas. A tropical storm will come ashore this weekend and possibly cause further damage. The market got a boost early this week on ideas that production will decline due to abandoned acres and quality problems. However, demand is still the overriding factor in the market. China’s announcement that in the 2015 marketing year they will import approximately half of the previous year’s total continues to limit the upside potential of the market. December has support at 61.80 cents with resistance at 66 cents at 68.48 cents.
1277. 0
1271. 5
1274. 5
-3.0
Mar 1300. '15 0
1295. 0
1298. 5
-2.0
Ma y '15
1319. 0
-1.5
Jul '15
1337. 0
-1.5
Sep '15
1276. 0
-1.5
Nov '15
1273. 5
-1.5
Rice Comment November rice ended lower but trading was confined to a narrow range. Recent gains have been attributed to wet weather delaying harvest and potentially damaging crops still in the field. Up until now, harvest has moved at a brisk pace, with Arkansas farmers cutting 14% of the crop just last week, bringing the state total to 76%. The national total is 70%. A key reversal earlier this week brings support around $12.50 back into play, with key support at the contract low at $12.20.
Rice High Low Long Grain Cash Bids - - -
1199/cwt
Long Grain New Crop - - -
---
Futures ROUGH RICE : High Nov 1262. '14 0
Low 1257. 0
Last 1259. 5
Chang e -3.0
Cattle Future s:
Live LIVE CATTLE Cattle: High
Low
s: Last
FEEDER CATTLE
Chang e
High
Low
Chang e
167.7 Oct 75 '14
163.15 0
163.17 5
2.92 5
245.2 Oct 00 '14
239.6 50
239.9 50
2.37 5
De c '14
169.6 00
165.05 0
165.05 0
3.00 0
No v '14
245.7 50
239.9 25
239.9 25
3.00 0
168.9 Feb 00 '15
164.60 0
164.85 0
2.75 0
239.3 Jan 00 '15
233.3 25
233.3 25
3.00 0
167.9 Apr 75 '15
164.40 0
164.47 5
2.37 5
237.8 Mar 00 '15
232.2 00
232.2 00
3.00 0
158.8 Jun 00 '15
155.20 0
155.75 0
1.75 0
237.6 Apr 25 '15
231.8 75
231.8 75
3.00 0
Au 157.1 g 00 '15
153.97 5
154.05 0
2.05 0
Ma 237.5 y 25 '15
232.1 25
232.1 25
3.00 0
157.4 Oct 25 '15
154.00 0
154.57 5
1.72 5
Au g '15
237.9 50
232.5 25
234.9 00
0.62 5
De c '15
157.6 00
154.75 0
154.75 0
1.92 5
Sep 236.2 '15 75
232.0 00
234.0 00
0.00 0
157.2 Feb 75 '16
154.75 0
154.75 0
1.45 0 Arkansas Prices Charlotte Livestock Auction Green Forest Livestock Auction Ratcliff Livestock Auction
Feeder
Last
Oklahoma City El Reno Livestock Market, El Reno, OK
'15
Cattle Comment Cattle prices moved lower today. This market has become overbought with recent gains and are due a correction. Fundamentals remain strong; however, the technical picture looks poor. These prices may loose some of recent gains, but are likely to test highs again soon.
Hogs Future LEAN HOGS s: High Low
Last
Change
Oct 109.9 '14 75
108.9 00
109.5 75
+1.4 50
Dec 97.07 '14 5
95.40 0
95.77 5
+0.6 00
Feb 93.70
92.07
92.60
+0.2
0
5
0
00
Apr 93.47 '15 5
92.00 0
92.30 0
0.025
Ma 93.90 y 0 '15
93.40 0
93.57 5
+0.3 25
Jun 96.90 '15 0
95.80 0
96.17 5
0.375
Jul '15
95.05 0
94.07 5
94.55 0
0.050
Au g '15
91.70 0
91.20 0
91.32 5
0.225
Oct 77.15 '15 0
76.90 0
77.15 0
+0.1 50
Hog Comment
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