News Headlines...
·
Peace or not, India & Pak need to unite to
save Basmati
·
Rice Millers seek Restoration of Levy System
·
Taiwan funds collaborative multi-year research
on rice with IRRI
·
APEDA Commodity News from India
·
Mars Food commits to 100% sustainably-sourced
rice by 2020
·
USA Rice at Miami Trade Show
·
USARiceOutlook Contest: Week Three
·
Ahok Ensures Safety of Rice Supply in Jakarta
·
Thailand Swears Off Subsidies in Bid to Cut
Crop Surpluses
·
Commerce Minister Seeks More Ideas on Rice
Export
·
CCC Announces Prevailing World Market Prices
·
CME Group/Closing Rough Rice Futures
·
Arkansas Farm Bureau Daily Commodity Report
News
Detail...
Peace or not, India & Pak need to unite to save Basmati
The Chennai-based Intellectual Property Appellate Board is set to
decide on granting the GI tag to basmati rice.
NEW DELHI: It will be a 'do or die' situation for
India's Basmati, which occupies pride of place in the country's agricultural
trade, when the Chennai-based Intellectual Property Appellate Board (IPAB) next
week takes a call on granting 'GI' (geographical indicator) tag to the world
famous long grain aromatic variety of rice. Chances of it getting the tag
depends on whether India joins hands with Pakistan to get a joint registration
by prevailing upon Madhya Pradesh to withdraw its claim of being included in
the geographical area for Basmati.
If Basmati fails to get the tag, India and Pakistan will lose its exclusivity
in the world market. Obviously, India will be the bigger loser because it has
more than 95% of the share in the exclusive geographical zone for this unique
variety Besides, the share of Basmati is also quite high in India's overall
rice export. Roughly, Basmati contributes Rs 33,000 crore out of total Rs
40,000 crore worth of the country's annual rice export.If India does not get
the tag, there is a possibility that China may get this variety from Pakistan
and go for large-scale cultivation in newly acquired big farms in different
African countries under different agreements.
"Kenya, Tanzania and Ethiopia are among certain east African countries
where conditions are conducive for Basmati cultivation. China has acquired big
farms in these and other east African countries," said an Indian scientist
on condition of anonymity.Though MP had not traditionally been part of the
areas that cultivate Basmati, it staked its claim for getting specific areas in
13 of its districts included in geographical areas when farmers there opted for
this high-paying variety in the past few years. Pakistan, which has
traditionally been cultivating Basmati in its Punjab province, opposed MP's
move, forcing the matter to reach before the IPAB.Besides MP, Rajasthan and
Bihar had also staked their claim for being included in the geographical areas
for Basmati. But Indian agriculture scientists claimed these two states
preferred not to be parties to the dispute in larger national interest.
Sensing the urgency ahead of the crucial hearing, India's premier agriculture
research institute — the Indian Agricultural Research Institute — has requested
the government to join hands with Pakistan in India's interest. The issue was
flagged by IARI joint director KV Prabhu during a conference in New Delhi on
October 16, where he had said, "We do not want others like China to
introduce Basmati in global trade at low prices and spoil our market, which is
potentially imminent."
TIMES OF INDIA
Rice
Millers seek Restoration of Levy System
Published: 29th October 2015 04:44 AM
Last Updated: 29th October 2015 04:44 AM
HYDERABAD: Telangana rice millers
have urged the Union government to restore the levy procurement of rice
and rescue them, as more than 2,000 rice mills in the state have been shut down
resulting in the loss of livelihood for thousands of people working in the
industry.“Till 2013 we used to give 75 percent of rice milled at our mills to
Food Corporation of India (FCI). As there used to be surety about marketing the
rice milled, rice millers used to procure paddy from farmers by competing with
each other by paying higher prices to farmers.
But as the levy on rice
procurement decreased to 25 percent last year, many mills have suffered losses.
Now with the complete removal of levy this year, more than 2,000 mills have
been closed,” said Gampa Nagendra, president of Telangana Rice Mills
Association (TRMA).There are about 2,500 rice mills in Telangana and about one
lakh employees work in these mills. As the levy on procurement of rice from
millers was removed this year, most of the millers have decreased buying paddy
this season. Many of the mills have been shut down or decreased the working
days.Demanding restoration of levy procurement policy, rice millers from across
the state plans to stage a protest in Hyderabad on Thursday.
They are also demanding increase in custom
milling charges. “Some mills are not even in a state to pay current
bills and salaries to the staff. Removal of levy system will deal a death blow
to the rice mills. Rice milling industry will not survive If the levy
procurement of rice is not restored. The Union government should reconsider its
decision. At least state government should come to our rescue this time,”
Nagendra said. In March this year, the
state government wrote to the Centre asking to reconsider the decision,
expressing apprehension that lifting of levy on procurement of rice from
millers may lead to denial of remunerative prices for farmers in the long run.
But there has been no response from the centre till now or further action on
the issue from state government. Therefore Telangana millers have decided to
take up a protest in Hyderabad on Thursday to highlight their plight.
Foods That Helps To Sleep
Better At Night
Not many people are lucky enough to fall off to sleep within
seconds of hitting their pillow. Many people find it tough to fall asleep at
night.
And there are also those who wake up in the middle of the night
and are then unable to sleep again.There could be several reasons for this stress, an underlying illness,
depression.Experts, however, say that if there is no particular serious cause,
one could try eating certain foods that will help them sleep better.– Make sure
that you eat eggs for breakfast. Eggs contain amino
acids that are known to activate neurons which produce orexins.
These are said to help adjust your REM sleep and also ensure
that you don’t feel sleepy during the day.– Whether you’re a juice person or
not, you need to know this cherry juice is extremely beneficial when it comes to a good night’s sleep.
Have a glass of cherry juice daily if you have trouble sleeping properly at
night.– Don’t stay away from rice with the fear that it will make you gain weight. Keep the
quantity small if you must but ensure that rice, especially jasmine rice is a
regular part of your diet if you wish to sleep better.This is because it
contains a high level of glycemic index. And foods that are high in glycemic
index foods generate the sleep inducing amino acid, tryptophan.
http://pakistantribe.com/life-style/1217/foods-that-helps-to-sleep-better-at-night
Taiwan funds
collaborative multi-year research on rice with IRRI
LOS BAÑOS, Laguna Oct 26 (PNA) — The International Rice Research
Institute (IRRI) announced Monday the arrival of representatives of Taiwan’s
Council of Agriculture (COA)- the authority on agriculture, forestry, fishery,
animal husbandry, and food affairs in Taiwan – on Oct. 27-29, 2015 here to
finalize the project workplan on the collaborative program on rice research
between the Taiwan government and IRRI.The Taiwan government has strengthened
its commitment to global food security with its recent annual donation of USD
600,000 to support a collaborative program on rice research with the
International Rice Research Institute (IRRI) from 2016 to 2019.
(Photo courtesy of google maps)
In an official letter addressed to IRRI Director General Robert
Zeigler, Minister Bao-ji Chen informed IRRI that the Council of Agriculture
(COA) will provide a budget of around USD 500,000 per year until 2019 to fund
the rice varietal development program, and the International Cooperation
Development Fund (ICDF) will support a customized capacity building program for
enhanced extension services and global collaboration with a budget of USD
100,000 a year.
Collaborative activities between Taiwan and IRRI are recent, but
the country’s key contribution dates back to the development of IR8, also known
as “miracle rice”. Through the agreement signed on January 26, 2015, IRRI
formalized the strategic partnership with Taiwan in developing, evaluating, and
disseminating new rice varieties.IRRI Deputy Director General for Communication
and Partnerships, Bruce Tolentino Ph.D, shared the significance of this
collaboration. “Taiwan provided one of two parental lines of
rice—Dee-geo-woo-gen—that was bred at IRRI to develop the first generation of
high-yielding rice varieties, which sparked the first Green Revolution of the
1970s to 1980s,” Dr. Tolentino said. “Today, again in partnership with IRRI,
Taiwan continues to help push the boundaries of science to ensure not only
abundant, but also high-quality rice to ensure global food security and human
health,” he added.
Other past collaborative activities have proven mutually
beneficial among IRRI, the National Taiwan University (NTU), and the Taiwan
Agricultural Research Institute, Council of Agriculture of the Executive Yuan.
These led to the promotion of research, training, integrated pest management,
and rice germplasm improvement and conservation, among others. In October 2008,
IRRI and NTU signed an agreement that established a partnership in rice
research to boost global rice production.A recent research collaboration
between Taiwan and IRRI centers on the need to jointly tackle the problems
brought about by extreme climates. Plant pathologist and project coordinator
Hei Leung expressed thanks for the financial support for this research
endeavor.“IRRI is most grateful to the Taiwanese government for providing a new
grant to support the discovery of new rice genes and traits that can tolerate
the negative effects of climate change and to strengthen the collaboration
between Taiwan institutions and IRRI. This will allow IRRI to fully explore the
genetic treasures hidden in the International Rice Genebank, a legacy of
world-renowned Taiwanese scientist, T.T. Chang, who pioneered its establishment
in the 1960s,” he stated.
APEDA Commodity News from India
|
International
Benchmark Price
|
|
Price on: 26-10-2015
|
|
Product
|
Benchmark
Indicators Name
|
Price
|
|
Garlic
|
|
1
|
Chinese first grade granules, CFR NW Europe (USD/t)
|
2100
|
|
2
|
Chinese Grade A dehydrated flakes, CFR NW Europe (USD/t)
|
2000
|
|
3
|
Chinese powdered, CFR NW Europe (USD/t)
|
1800
|
|
Ginger
|
|
1
|
Chinese sliced, CIF NW Europe (USD/t)
|
4600
|
|
2
|
Chinese whole, CIF NW Europe (USD/t)
|
5100
|
|
3
|
Indian Cochin, CIF NW Europe (USD/t)
|
3000
|
|
Guar
Gum Powder
|
|
1
|
Indian 100 mesh 3500 cps, FOB Kandla (USD/t)
|
2210
|
|
2
|
Indian 200 mesh 3500 cps basis, FOB Kandla (USD/t)
|
1550
|
|
3
|
Indian 200 mesh 5000 cps, FOB Kandla (USD/t)
|
2650
|
|
Source:agra-net
|
For more info
|
|
|
Market
Watch
|
|
Commodity-wise, Market-wise Daily Price on
26-10-2015
|
|
Domestic Prices
|
Unit Price : Rs per Qty
|
|
Product
|
Market Center
|
Variety
|
Min Price
|
Max Price
|
|
Maize
|
|
1
|
Hassan (Karnataka)
|
Local
|
1000
|
1680
|
|
2
|
Dahod (Gujarat)
|
Yellow
|
1370
|
1450
|
|
3
|
Palthan (Maharashtra)
|
Yellow
|
1325
|
1452
|
|
Barley
(Jau)
|
|
1
|
Siddhpur (Gujarat)
|
Other
|
1725
|
1725
|
|
2
|
Begu (Rajasthan)
|
Other
|
1310
|
1340
|
|
3
|
Jhansi (Uttar Pradesh)
|
Other
|
1100
|
1200
|
|
Pine
Apple
|
|
1
|
Jagraon (Punjab)
|
Other
|
1500
|
2000
|
|
2
|
Mumbai (Maharashtra)
|
Other
|
1000
|
2500
|
|
3
|
Udaipur (Rajasthan)
|
Other
|
1400
|
2300
|
|
Brinjal
|
|
1
|
Chala (Kerala)
|
Other
|
2700
|
2753
|
|
2
|
Mumbai (Maharashtra)
|
Other
|
800
|
1500
|
|
3
|
Shillong (Meghalaya)
|
Other
|
2500
|
3000
|
|
|
For more info
|
|
|
Egg
|
Rs per 100 No
|
|
Price on 26-10-2015
|
|
Product
|
Market Center
|
Price
|
|
1
|
Ahmedabad
|
333
|
|
2
|
Chittoor
|
338
|
|
3
|
Nagapur
|
312
|
|
|
|
|
Other
International Prices
|
Unit Price : US$ per package
|
|
Price on 26-10-2015
|
|
Product
|
Market Center
|
Origin
|
Variety
|
Low
|
High
|
|
Potatoes
|
Package: 50 lb sacks
|
|
1
|
Atlanta
|
Idaho
|
Russet
|
15.50
|
15.50
|
|
2
|
Chicago
|
Idaho
|
Russet
|
9
|
11
|
|
3
|
Miami
|
Washington
|
Russet
|
13
|
14
|
|
Cauliflower
|
Package: cartons film wrapped
|
|
1
|
Atlanta
|
Mexico
|
White
|
18
|
18.25
|
|
2
|
Baltimore
|
Texas
|
White
|
26
|
26
|
|
3
|
Miami
|
California
|
White
|
28
|
32
|
|
Grapes
|
Package: 19 lb containers bagged
|
|
1
|
Atlanta
|
California
|
Red Globe
|
21.50
|
23.50
|
|
2
|
Chicago
|
California
|
Red Globe
|
18
|
20
|
|
3
|
New York
|
California
|
Red Globe
|
22
|
23
|
|
Source:USDA
|
|
Mars Food
commits to 100% sustainably-sourced rice by 2020
10/27/2015 - by World Grain
Staff
MANILA, PHILIPPINES — Mars Food has partnered with the Sustainable
Rice Platform (SRP) and the International Rice Research Institute (IRRI) to
develop the first global standard for sustainable rice. The standard was
unveiled at the 5th Annual Plenary Meeting and Assembly on Oct. 26 in Manila,
Philippines.Mars, whose products include the world’s largest rice brand, Uncle
Ben’s, also committed to sustainably source 100% of its rice by 2020 using the
SRP standard.“Caring for our environment as well as our entire supply chain
from end-to-end is more than usual corporate responsibility — it’s an
imperative for Mars Food,” said Fiona Dawson, president of Mars Food.
“Through the global
standard, we hope to create benefits for all involved from the farmers to our consumers.
The benefit for us is that we are ensuring premium quality rice, while also
ensuring a higher income for farmers, and a better environment for current and
future generations. It is a truly mutual solution.”The SRP standard consists of
a set of criteria for sustainable rice cultivation that may be used across the
world to reduce the environmental footprint of rice production and improve the
lives of rice farmers. Mars Food said the standard consists of 46 requirements
organized under eight broad topics, including productivity, food safety, worker
health, labor rights and biodiversity.
Mars Food said it will use the standard as a benchmark against
which to assess its rice supply chains — identifying where there are gaps and
developing strategies to improve sustainability. The company said it already
has begun piloting implementation of the standard with rice farmers in Pakistan
and India.In Pakistan, Mars Food is part of a farming program partnership with
Rice Partners, Ltd., IRRI and Bayer CropScience that has grown from 31
smallholder farmers in 2011 to 400 farmers in 2015 who produce basmati rice
grown with the correct application of chemicals and harvested with practices to
improve food safety and water quality. In India, Mars Food is embedding new
learnings while also piloting the SRP standard.
http://www.world-grain.com/articles/news_home/World_Grain_News/2015/10/Mars_Food_commits_to_100_susta.aspx?ID=%7B96CDFB86-D705-4EEE-A443-B890C50757B7%7D&cck=1
USA
Rice at Miami Trade Show
Join the crowd at the booth
in Miami
MIAMI, FL -- This week, USA Rice exhibited here at the 19th
Americas Food and Beverage Show and Conference, the largest Americas focused
food and beverage trade show in the Western Hemisphere. More than 500 exhibitors hailed from the U.S.
and Latin America as well as Korea, Thailand, Turkey, and the show's country of
honor, Algeria.
The USA Rice booth, in the USA pavilion, provided brochures and
samples of rice cooked by USA Rice's Chef Javier of Guatemala and the four
winners of the Colombian chef competitions conducted earlier this year. (see
the USA Rice Daily, June 29, 2015)
"This was our first
time attending and exhibiting at this show and we gathered more than a dozen
quality trade leads," said Sarah Moran, USA Rice director of international
promotion. "Large, well-known
grocery chains, existing importers, as well as new importers to the region
approached us expressing interest in U.S. rice.
We'll work with our members to follow up on all of them."
The trade show also hosted seminars, including a discussion on
"Top Food and Restaurant Trends across the U.S." Presenters there stressed the need for brands
to tell their "people story" to consumers. This is something USA Rice has already taken
to heart, with the "Meet Our Farmers" section of the consumer website
that is promoted via several social media channels.
"There was a high
caliber of attendees in this year's show and I think this was a great venue to
showcase USA Rice," said Ernesto Baron, USA Rice's representative for
Central America/Andean. "This
region is growing very rapidly, and rice is popular and even intrinsic in a lot
of cultures. People requested samples of
U.S. rice as well as general trade information and I think they were pleased
with our booth and the information we had for them. This was definitely worthwhile."
Contact: Jim Guinn (703) 236-1474
USARiceOutlook
Contest: Week Three
No matter the media, it's
always USA Rice
ARLINGTON, VA -- Sean Doherty, a rice farmer from Dunnigan,
California, is this week's finalist in the #USARiceOutlook social media
contest. A weekly winner will be
announced every Wednesday until November 4, and will be in the running for the
grand prize of a free registration to the USA Rice Outlook Conference in New Orleans
December 9-11.
For contest eligibility, participants can retweet or share USA
Rice's posts about the upcoming conference, or they can create their own
original content using the hashtag #USARiceOutlook. Members can share what they are looking forward
to most at the conference, which speaker they are most excited about, their
favorite part about New Orleans, etc.
Creativity is encouraged!
When asked for his response to being named a finalist in the
contest, Doherty replied, "USA Rice Outlook Conference in New
Orleans? Be there. And that's all I'm saying!"Follow
@usaricenews on Twitter for more exciting updates about the 2015 USA Rice
Conference and remember to tweet us using #USARiceOutlook!
Contact: Colleen Klemczewski (703) 236-1446
Ahok Ensures Safety of Rice Supply in Jakarta
WEDNESDAY, 28 OCTOBER, 2015 | 11:22 WIB
TEMPO.CO, Jakarta - Jakarta Governor Basuki ‘Ahok’
Tjahaja Purnama guaranteed that rice supply in Jakarta is safe. “We still have
enough rice,” he said on Wednesday.
Ahok said the Jakarta government had established cooperation
with the State Logistics Agency (Bulog) to ensure that rice supply at Cipinang
Central Market is always available. “If we need more, Bulog will add,” he
said.Ahok said if Jakarta’s rice supply was 25,000 tons and was still lacking,
Bulog would automatically add more rice to 75,000 tons, for example. He added
that most of the rice was imported by Bulog.Economic Bureau chief Adi Ariantara
said the current rice stock at Cipinang Central Market is 33,000 tons, with
3,000-4,000 tons consumed by Jakarta citizens everyday.Even though the stock is
safe, Adi plans to conduct market operation so that the price of rice is table.
The price of IR rice right now, for example, is Rp8,000-9,000 per kilogram. “We
will carry out market operation in November so that the price will decrease,”
he said.
http://en.tempo.co/read/news/2015/10/28/057713737/Ahok-Ensures-Safety-of-Rice-Supply-in-Jakarta
Thailand Swears Off Subsidies in Bid to Cut Crop
Surpluses
A farmer checks rice prior to harvesting in a paddy field in
Ayutthaya province, Thailand.
Photographer:
Dario Pignatelli/Bloomberg
Thailand, the world’s largest rice exporter, vowed not to
reintroduce subsidies in the face of a worsening drought as it pushes ahead
with plans to eliminate crop surpluses.Restoring market balance and improving
farm income are key planks of Prime Minister Prayuth Chan-Ocha’s policy as
the government seeks to restructure the farm sector and to eliminate the stockpile of 13 million metric tons of rice
built up by former Prime Minister Yingluck Shinawatra at a cost of 885
billion baht ($25 billion).“This government will definitely not interfere with
product prices,” Chatchai Sarikulya, Minister of Agriculture and
Cooperatives, said last week in an interview in Bangkok. “We want prices to
move in line with the market mechanism.
We focus more on strengthening farmers.”Water levels in the four
main reservoirs in Thailand’s central provinces dropped to the lowest since
1993 amid an El Nino-induced drought. The central region normally
accounts for nearly half the nation’s rice output during the dry season that
runs from November to April.“We’re worried about this intensifying situation,”
Chatchai said. “There’s risk that drought could damage rice crops. The
government hopes farmers will not plant rice during the dry season as we have
warned them in advance about inadequate water supply.”
Price Plunge
Chatchai wants to discourage
planting of crops such as rice in favor of higher value products to help
increase farm income and reduce overproduction. Last month, the benchmark
domestic price of Thai rice fell to $350 a ton, the lowest level since 2007,
according to the Thai Rice Exporters Association.Thai rice production exceeded
local demand by about 50 percent last year and rubber output exceeded
consumption seven-fold, according to government data.Output of rough rice may
decline to as low as 22.98 million tons in 2015-16, the least since 1996-97,
assuming there is no planting during the dry season starting in November,
Thailand’s Office of Agricultural Economics said in September.
That’s down 30 percent from 32.62 million tons
a year earlier. Production may total 24.69 million tons if 20 percent of rice
is planted in the dry season, the office estimated.El Nino is changing weather
across the globe, baking parts of Asia and bringing torrential rains to parts
of South America. It threatens to parch fields in Asia and may disrupt harvests
worldwide.The government wants farmers to switch to high-value farm products
that meet market demand and reduce surpluses through a voluntary crop zoning
policy, that would match crops to soil conditions and water supply. The
ministry is setting up 882 centers nationwide to educate farmers on zoning,
farming technique and marketing.
Commerce Minister Seeks More Ideas on Rice Export
Cambodia has a goal set by Prime
Minister Hun Sen to export 1 million tons of rice each year.
Minister of Commerce Sun Chanthol
attends a rice branding event hosted by the United Kingdom embassy in Phnom
Penh, Cambodia, October 28, 2015. (Photo: Hean Socheata/ VOA Khmer)
28 October 2015
PHNOM PENH—
Cambodian Commerce Minister Sun
Chanthol says the country’s rice has a branding problem. With better branding,
he told a group of officials at a roundtable recently, more rice would
sell.Cambodia has a goal set by Prime Minister Hun Sen to export 1 million tons
of rice each year. Currently, it exports 370,000 tons. Much of that goes to the
EU, under the “everything but arms” tariff benefit.
At the roundtable, hosted by the
British Embassy and Commerce Ministry, officials discussed ideas to increase
that number. Aside from branding, officials discussed better governance, a
stronger private sector and more support for farmers.Lord David Puttnam, the
UK’s trade envoy, said a strong brand, clear label and consistent supply of
quality rice would find a market.Supply is “pivotal to big buyers, big
retailers, and big wholesalers,” he said. “That means the supply chain has to
be very disciplined, because if one person cheats, you can destroy all the reputation
you created.”Sun Chanthol said he would push for better branding in the private
sector. “If they recognize it,” he said, “they’ll say, ‘Hey, this is a premium
product.’”
|
CCC Announces Prevailing World Market Prices
|
WASHINGTON, DC -- The Department of Agriculture's Commodity
Credit Corporationtoday announced the following prevailing world market
prices of milled and rough rice, adjusted for U.S. milling yields and
location, and the resulting marketing loan gain (MLG) and loan deficiency
payment (LDP) rates applicable to the 2015 crop, which will become effective
today at 7:00 a.m.,
Eastern Time (ET). Rough rice prices increased $0.18 per cwt for long
grain and $0.19 per cwt for medium/short grain.
|
|
World Price
|
MLG/LDP Rate
|
|
|
Milled Value ($/cwt)
|
Rough ($/cwt)
|
Rough ($/cwt)
|
|
Long Grain
|
15.21
|
9.60
|
0.00
|
|
Medium/Short Grain
|
14.72
|
9.87
|
0.00
|
|
Brokens
|
9.17
|
----
|
----
|
This week's prevailing world market prices and MLG/LDP rates are based on the
following U.S. milling yields and the corresponding loan rates:
|
|
U.S. Milling Yields
Whole/Broken
(lbs/cwt)
|
Loan Rate
($/cwt)
|
|
Long Grain
|
55.01/13.46
|
6.50
|
|
Medium/Short Grain
|
61.81/8.43
|
6.50
|
The next program announcement is scheduled for November 4, 2015.
|
|
CME Group/Closing Rough Rice
Futures
|
CME Group (Prelim): Closing Rough Rice Futures for October 28
|
November 2015
|
$11.400
|
- $0.200
|
|
January 2016
|
$11.685
|
- $0.200
|
|
March 2016
|
$11.950
|
- $0.210
|
|
May 2016
|
$12.220
|
- $0.215
|
|
July 2016
|
$12.470
|
- $0.215
|
|
September 2016
|
$12.095
|
- $0.255
|
|
November 2016
|
$12.095
|
- $0.255
|
|
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
|
High
|
Low
|
|
Cash Bids
|
910
|
845
|
|
New Crop
|
926
|
877
|
|
|
Riceland Foods
|
|
|
Cash Bids
|
Stuttgart: - - -
|
Pendleton: - - -
|
|
New Crop
|
Stuttgart: - - -
|
Pendleton: - - -
|
|
|
|
Futures:
|
|
|
|
|
High
|
Low
|
Last
|
Change
|
|
|
|
|
|
|
Nov '15
|
891.00
|
881.00
|
881.50
|
-9.75
|
|
Jan '16
|
891.50
|
882.00
|
882.75
|
-8.25
|
|
Mar '16
|
894.00
|
885.75
|
886.50
|
-7.00
|
|
May '16
|
898.00
|
890.50
|
891.75
|
-6.00
|
|
Jul '16
|
903.00
|
896.00
|
897.25
|
-5.75
|
|
Aug '16
|
900.25
|
895.00
|
895.75
|
-5.50
|
|
Sep '16
|
893.25
|
889.00
|
888.75
|
-4.75
|
|
Nov '16
|
892.25
|
885.75
|
887.25
|
-4.50
|
|
Jan '17
|
897.75
|
891.75
|
892.50
|
-4.25
|
|
|
Soybean Comment
Soybeans closed slightly lower today as wetter forecasts in
South America continue to worry the soybean market. Prices continue to have
difficulty maintaining traction to pull prices back to resistance at $9. While
demand remains good there are ample soybeans in the world and there are more
coming, prices will have difficulty sustaining gains in the longer term.
Wheat
|
High
|
Low
|
|
Cash Bids
|
498
|
498
|
|
New Crop
|
514
|
434
|
|
|
|
Futures:
|
|
|
|
|
High
|
Low
|
Last
|
Change
|
|
|
|
|
|
|
Dec '15
|
508.75
|
500.00
|
506.00
|
-3.25
|
|
Mar '16
|
513.50
|
505.50
|
511.75
|
-2.50
|
|
May '16
|
517.75
|
510.25
|
516.50
|
-2.25
|
|
Jul '16
|
520.25
|
512.25
|
518.75
|
-1.75
|
|
Sep '16
|
527.50
|
522.75
|
527.25
|
-1.25
|
|
Dec '16
|
540.50
|
532.75
|
539.50
|
-1.00
|
|
Mar '17
|
|
|
550.00
|
-0.50
|
|
May '17
|
|
|
550.00
|
-0.25
|
|
Jul '17
|
|
|
537.75
|
-0.25
|
|
|
Wheat Comment
Wheat remains volatile as prices remain tied to outside market.
U.S. wheat supplies could see some relief if current crop conditions don't
improve; however, U.S. wheat exports have yet to take off leading to the
expedition the USDA will lower forecasts next month.
Grain Sorghum
|
High
|
Low
|
|
Cash Bids
|
390
|
314
|
|
New Crop
|
390
|
334
|
|
|
Corn
|
High
|
Low
|
|
Cash Bids
|
395
|
355
|
|
New Crop
|
411
|
377
|
|
|
|
Futures:
|
|
|
|
|
High
|
Low
|
Last
|
Change
|
|
|
|
|
|
|
Dec '15
|
380.75
|
375.75
|
376.00
|
-4.00
|
|
Mar '16
|
390.25
|
385.25
|
386.00
|
-3.75
|
|
May '16
|
396.25
|
391.50
|
392.25
|
-3.75
|
|
Jul '16
|
401.00
|
396.00
|
396.50
|
-4.25
|
|
Sep '16
|
398.75
|
395.00
|
396.00
|
-3.00
|
|
Dec '16
|
406.00
|
401.75
|
402.00
|
-3.75
|
|
Mar '17
|
415.25
|
411.25
|
411.75
|
-3.50
|
|
May '17
|
421.25
|
421.25
|
417.75
|
-3.50
|
|
Jul '17
|
425.25
|
421.75
|
422.00
|
-3.25
|
|
|
Corn Comment
Corn prices closed lower today. The market continues to feel the
pressure of lackluster demand and a strong U.S. Harvest. While stock forecasts
remain around 1.5 billion this seems to be plenty for the market which seems to
be turning bearish. Prices maintain support near $3.60.
Cotton
|
Futures:
|
|
|
|
|
High
|
Low
|
Last
|
Change
|
|
|
|
|
|
|
Dec '15
|
62.9
|
62.2
|
62.67
|
0.33
|
|
Mar '16
|
62.68
|
61.94
|
62.46
|
0.3
|
|
|
Cotton Comment
Cotton futures were a bit higher, with December holding above 62
cents. Technical selling in the face of overbought indicators has resulted in
the downturn of the past two weeks. The crop is 42% harvested nationwide, but
behind schedule in the eastern costal states that are still waiting for fields
to dry out to be able to evaluate the condition of the crop and get the pickers
rolling.
Rice
|
High
|
Low
|
|
Long Grain
Cash Bids
|
- - -
|
- - -
|
|
Long Grain
New Crop
|
- - -
|
- - -
|
|
|
|
Futures:
|
|
|
|
|
High
|
Low
|
Last
|
Change
|
|
|
|
|
|
|
Nov '15
|
1164.5
|
1137.0
|
1140.0
|
-20.0
|
|
Jan '16
|
1193.0
|
1165.0
|
1168.5
|
-20.0
|
|
Mar '16
|
1209.0
|
1193.0
|
1195.0
|
-21.0
|
|
May '16
|
|
|
1222.0
|
-21.5
|
|
Jul '16
|
1250.0
|
1250.0
|
1247.0
|
-21.5
|
|
Sep '16
|
|
|
1209.5
|
-25.5
|
|
Nov '16
|
|
|
1209.5
|
-25.5
|
|
|
Rice Comment
Rice charted another leg down today, violating the uptrend drawn
off the May low in the process. This price action signals a move to the 62%
retracement level of $11.18. Global production problems have helped support the
market since the summer, however, disappointing U.S. yields have likely been
built into prices at this point.
Cattle
|
Futures:
|
|
|
Live Cattle:
|
|
|
|
|
High
|
Low
|
Last
|
Change
|
|
|
|
|
|
|
Oct '15
|
139.675
|
137.225
|
139.675
|
+3.000
|
|
Dec '15
|
143.600
|
142.000
|
143.600
|
+3.000
|
|
Feb '16
|
145.375
|
143.625
|
145.375
|
+3.000
|
|
Apr '16
|
144.325
|
142.325
|
144.000
|
+2.675
|
|
Jun '16
|
135.150
|
133.175
|
134.700
|
+2.450
|
|
Aug '16
|
132.650
|
130.775
|
131.700
|
+2.025
|
|
Oct '16
|
134.000
|
132.650
|
133.275
|
+1.725
|
|
Dec '16
|
135.000
|
133.650
|
134.400
|
+1.875
|
|
Feb '17
|
134.400
|
133.250
|
134.400
|
+2.475
|
|
|
|
Feeders:
|
|
|
|
|
High
|
Low
|
Last
|
Change
|
|
|
|
|
|
|
Oct '15
|
193.800
|
193.000
|
193.600
|
+1.000
|
|
Nov '15
|
192.250
|
189.675
|
192.250
|
+4.500
|
|
Jan '16
|
184.650
|
181.675
|
184.650
|
+4.500
|
|
Mar '16
|
181.850
|
178.925
|
181.600
|
+4.250
|
|
Apr '16
|
182.450
|
179.900
|
181.975
|
+3.825
|
|
May '16
|
182.250
|
179.900
|
182.250
|
+4.075
|
|
Aug '16
|
182.800
|
180.000
|
182.725
|
+4.125
|
|
Sep '16
|
180.000
|
179.900
|
180.000
|
+2.050
|
|
|
Cattle Comment
Cattle prices surged today as reported cash prices were stronger
than anticipated. Futures remain on shaky ground as price will come under
technical pressure and will need this kind of fundamental support to maintain
gains.
Hogs
|
Futures:
|
|
|
|
|
High
|
Low
|
Last
|
Change
|
|
|
|
|
|
|
Dec '15
|
62.125
|
60.425
|
61.000
|
-0.250
|
|
Feb '16
|
65.125
|
63.925
|
64.075
|
-0.625
|
|
Apr '16
|
69.175
|
68.075
|
68.300
|
-0.725
|
|
May '16
|
73.800
|
73.250
|
73.350
|
-0.475
|
|
Jun '16
|
77.100
|
76.050
|
76.100
|
-0.925
|
|
Jul '16
|
76.725
|
76.000
|
76.000
|
-0.725
|
|
Aug '16
|
75.900
|
75.275
|
75.500
|
-0.475
|
|
Oct '16
|
66.700
|
65.875
|
65.875
|
-0.900
|
|
Dec '16
|
64.200
|
63.475
|
64.025
|
-0.175
|
|
|
Hog Comment
Shell Eggs
National Turkeys
Delmarva Broilers
