Beruflich Dokumente
Kultur Dokumente
Volume 5, Issue I
Daily Exclusive
ORYZA Rice
Newsletter
Chicago rough rice futures for May delivery are currently listed 12 cents per cwt (about $3 per
ton) lower at $10.650 per cwt (about $235 per ton) ahead of floor trading in Chicago. The other
grains are seen mixed this morning: soybeans are currently seen about 0.3% higher, wheat is
listed about 0.4% lower and corn is currently noted about 0.6% higher.U.S. stock index futures
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The U.S. cash market was slightly weaker again today as long grain export sales continue to
disappoint and buyers show little to no interest in this market despite it being the cheapest rice in
the western hemisphere.In the meantime, the USDA reported that cumulative net export sales for
the week ending on February 19 totaled 95,400 tons, which was 3% lower than last week but
20% higher than the prior 4-week average.
Increases were reported for the following destinations: 48,200 tons to Japan, 16,200 tons to
Mexico, 8,100 tons to Saudi Arabia, 7,400 tons to Haiti, and 5,200 tons to Jordan.U.S. rice
exporters shipped 93,700 tons, which was considerably higher than last week and the prior 4week average. The primary destinations included 38,200 tons to Mexico, 27,500 tons to
Colombia, 20,900 tons to Haiti, 2,200 tons to Jordan, and 1,500 tons to Canada.
Chicago rough rice futures for May delivery settled 11.5 cents per cwt (about $3 per ton) lower
at $10.655 per cwt (about $235 per ton). The other grains closed higher as corn and wheat were
both lifted out of negative territory by surging beans; Soybeans closed about 1.6% higher at
$10.2650 per bushel; wheat finished about 0.7% higher at $5.0050 per bushel, and corn finished
the day about 1.2% higher at $3.8850 per bushel.
U.S. stocks traded in a narrow range on Thursday, with only the Nasdaq holding higher, as
investors digested mixed economic data and declines in oil. Crude oil traded below $50 a barrel
and Brent held near $61 a barrel on Thursday. he core Consumer Price Index, the key figure for
the Fed that excludes more volatile food and energy prices, gained 0.2% in January. However,
the broader index was down more than expected at 0.7%. Expectations were for a further sharp
drop of 0.6% month on month, the biggest fall since 2008, driven by energy prices to leave the
year-on-year rate in negative territory.
Durable goods orders figures for January increased a more-than-expected 2.8%, after a 3.4%
decline in the prior month. Initial claims for unemployment for the week of Feb. 15, came in at
313,000. Analysts had expected the figure to increase moderately to 285,000 from 283,000 the
week prior. The Dow Jones Industrial Average traded down 7 points, or 0.04%, to 18,217. The
S&P 500 traded down 3 points, or 0.15%, to 2,110, with energy the greatest decliner and
information technology leading four sectors higher. The S&P 500 traded down 3 points, or
0.15%, to 2,110. Gold is trading about 0.7% higher, crude oil is seen trading about 4.6% lower,
and the U.S. dollar is seen trading about 1.1% higher at about 1:00pm Chicago time.
Wednesday, there were 2,098 contracts traded, up from 1,505 contracts traded on Tuesday. Open
interest the number of contracts outstanding on Wednesday decreased by 59 contracts to
9,121.
The Thai government is planning to auction one million tons of rice on March 6, 2015, according
to Reuters.The government is expecting a good number of bidders in the upcoming auction and it
is planning to sell rice based on whole-warehouse basis. It is inviting bids for the March 6
auction on March 5, according to Bloomberg.Thailand sold about 500,000 tons of rice from the
one million tons of rice auctioned on January 29, 2015.
The government reiterated its plans to sell about 10 million tons of rice this year and about 7
million tons next year.
India average wholesale rice prices, which increased in January 2015 after declining for two
consecutive months have again declined in February 2015 due to increased supplies and
declining export demand, according to official sources.Average monthly wholesale rice prices in
India declined to around Rs.2,709.78 per quintal in February 2015, down about 4% from around
Rs.2,836 per quintal in January 2015, and down about 2% from their year-ago levels of around
Rs.2,761.2 per quintal.
In terms of USD per ton, wholesale rice prices in India stand at around $438 per ton (using
current exchange rates) in February 2015, down about 5% from around $461 per ton (using
historical exchange rates) in January 2015, and down about 1.5% from around $445 per ton
(using historical exchange rates) in February 2014.
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The government of India, in its second advance estimates for major crops, has estimated India's
rice production for 2014-15 marketing year (October 2014 - September 2015) at around 103.04
million tons, down about 3% from an estimated 106.65 million tons in 2013-14, according to a
statement from the agriculture Ministry this month. The government of India is estimating 201415 (April 2014 - March 2015) rice exports, including basmati and non-basmati, at around 10.1
million tons, down about 7% from around 10.9 million tons exported in 2013-14.
USDA estimates India's 2014-15 (October - September) production at around 102 million tons,
down about 4% from an estimated 106.54 million tons in 2013-14. It estimates Indias rice
exports to decline about 16% y/y to around 8.7 million tons in 2015 from an estimated 10.3
million tons in 2014.
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