30th December,2015 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Continue to Rocket Higher as Short Specs Look to Cover ahead of New Year Holiday

Dec 30, 2015

Chicago rough rice futures for Mar delivery settled 61 cents per cwt (about $13 per ton) higher at $11.935 per cwt (about $263 per ton). The other grains finished the day higher; Soybeans closed about 0.5% higher at $8.6575 per bushel; wheat finished about 2% higher at $4.7575 per bushel, and corn finished the day about 0.4% higher at $3.6250 per bushel.

U.S. stocks traded higher Tuesday, helped by stabilization in oil prices and other commodities, as tech stocks led gains. The major U.S. averages gained more than 1% in afternoon trade to climb above their 50-day moving averages. European stocks ended up about 1% or more. Asian equities closed higher, with Australia outperforming with a more than 1% gain. In economic news, home values in October were 5.2% higher year-over-year, greater than the 4.9% annual gain in September, according to the S&P/Case-Shiller National Home Price Index that covers all nine U.S. census divisions. Consumer confidence for December came in at 96.5, topping expectations.

Tuesday is the second day of a shortened trading week, the last of the year. Markets are closed Friday for New Year's Day. In afternoon trade, the Dow Jones industrial average gained 210 points, or 1.20%, to 17,739. The S&P 500 traded up 23 points, or 1.16%, to 2,080, with information technology and health care leading all 10 sectors higher. The Nasdaq composite gained 73 points, or 1.46%, to 5,114. Gold is seen trading about 0.1% lower, crude oil is seen trading about 2.8% higher, and the U.S. dollar is seen trading about 0.3% higher at about  2:45pm Chicago time.

Monday, there were 2,583 contracts traded, up from 483 contracts traded on Thursday. Open interest – the number of contracts outstanding – on Monday decreased by 307 contracts to 14,765.

India Rice Sellers Lower Some of Their Quotes Today; Other Asian Rice Quotes Remain Unchanged

Dec 29, 2015 ,

India rice sellers lowered their quotes for 100% broken rice variety by about $5 per ton to around $265 - $275 per ton today. Other Asian rice sellers have kept their quotes unchanged today from yesterday.                          

5% Broken Rice

Thailand 5% rice is indicated at around $345 - $355 per ton about $15 per ton discount on Vietnam 5% rice shown at around $360 - $370 per ton. India 5% rice is indicated at around $355 - $365 per ton, about $25 per ton premium on Pakistan 5% rice shown at around $330 - $340 per ton.

25% Broken Rice

Thailand 25% rice is indicated at around $335 - $345 per ton, about $10 per ton discount on Vietnam 25% rice shown at around $345- $355 per ton. India 25% rice is indicated at around $325 - $335 per ton, about $25 per ton premium on Pakistan 25% rice shown at around $300 - $310 per ton.

Parboiled Rice            

Thailand parboiled rice is indicated at around $350 - $360 per ton. India parboiled rice is indicated at around $355 - $365 per ton, about $50 per ton discount to Pakistan parboiled rice last shown at around $405 - $415 per ton.

100% Broken Rice

Thailand broken rice, A1 Super is indicated at around $320 - $330 per ton, about $15 per ton discount to Vietnam 100% broken rice shown at around $335 - $345 per ton. India's 100% broken rice is shown at around $265 - $275 per ton, about $20 per ton discount to Pakistan broken sortexed rice shown at around $285 - $295 per ton.

Global Rice Quotes

December 30th, 2015

Long grain white rice - high quality

Thailand 100% B grade          355-365           ↔

Vietnam 5% broken    360-370           ↔

India 5% broken         355-365           ↔

Pakistan 5% broken    330-340           ↔

Myanmar 5% broken   410-420           ↔

Cambodia 5% broken             425-435           ↔

U.S. 4% broken           475-485           ↔

Uruguay 5% broken    510-520           ↔

Argentina 5% broken 505-515           ↔

Long grain white rice - low quality

Thailand 25% broken 335-345           ↔

Vietnam 25% broken 345-355           ↔

Pakistan 25% broken 300-310           ↔

Cambodia 25% broken           400-410           ↔

India 25% broken       325-335           ↔

U.S. 15% broken         500-510           ↔

Long grain parboiled rice

Thailand parboiled 100% stxd            350-360           ↔

Pakistan parboiled 5% broken stxd    405-415           ↔

India parboiled 5% broken stxd         355-365           ↔

U.S. parboiled 4% broken       500-510           ↔

Brazil parboiled 5% broken    520-530           ↔

Uruguay parboiled 5% broken            NQ      ↔

Long grain fragrant rice

Thailand Hommali 92%          680-690           ↔

Vietnam Jasmine         445-455           ↔

India basmati 2% broken        NQ      ↔

Pakistan basmati 2% broken   NQ      ↔

Cambodia Phka Mails             830-840           ↔

Brokens

Thailand A1 Super      320-330           ↔

Vietnam 100% broken            335-345           ↔

Pakistan 100% broken stxd    285-295           ↔

Cambodia A1 Super   355-365           ↔

India 100% broken stxd         265-275           ↔

Egypt medium grain brokens NQ      ↔

U.S. pet food 290-300           ↔

Brazil half grain          NQ      ↔

All prices USD per ton, FOB vessel, oryza.com

Oryza U.S. Rough Rice Recap - Cash Prices Jump with Big Futures Rally

Dec 30, 2015

The U.S. cash market was materially firmer today with offers from resellers jumping with the futures market coupled with an slight increase in farmer selling.

Analysts note that today’s rally was likely the result of technical short covering however many in the market expect export demand to pick up after the first of the year which may have added to the strength.

Exclusive News have been shared with written permission of ORYZA.com with thanks