U.S. National Weekly Rice Summary

LITTLE ROCK - Sep 15/14 - SNS -- The latest weekly rice market summary for the United States was released by the USDA today.

                       National Weekly Rice Summary
                 (Arkansas-Louisiana-Texas-California)
                             Domestic Trend
   In the south, long grain prices in Texas and Louisiana trending 2.00-4.00 lower.
However, Arkansas long grain rice prices remain steady.  Medium grain rice prices
steady.  Parboiled steady to 2.00 lower.  Second heads steady to 5.00 lower.  Brewers
steady to 3.00 lower.  Rice by-products:  rice bran prices unevenly steady; rice
millfeed steady on limited current sales; hulls mostly steady.  Louisiana Rough Rice
price not established this week due to lower bid price so most opt to stay out of the
market.
   In California, medium and short grain prices remain steady; second heads and
brewers steady.  Rice by-products:  rice bran prices steady to 10.00 higher; hulls
steady.  Currently, limited trade with most producers waiting to see what new crop
brings.  Harvest just getting under way.  Drought conditions still present throughout
California which lower estimated harvest acreages.
   A large US rice harvest continues to put downward pressure on CME Rough Rice
futures.  However, some seem to think the futures market has found a bottom.  CME
Rough Rice settlements for Friday Sep 12th, Nov 14 closed .265 higher at 12.785 and
Jan 15 closed .255 higher at 12.975.  US dollar index on Friday settled at 84.17.
                    Arkansas          Texas         Louisiana      California
MILLED RICE
Long grain         25.00-28.50     25.50-28.50        25.50           -----
Medium grain       32.00-34.25        -----           29.00        45.00-47.00
Short grain           -----           -----           -----           46.00
Parboiled          27.00-31.50        32.50           34.50           -----
Second heads       22.00-25.00     20.00-27.00        20.00        25.00-29.00
Brewers            19.00-24.00        19.00           18.50        20.00-24.00
ROUGH RICE
Long grain            -----           -----             NE            -----
   Domestic shipment: Offers, fob mills, milled rice, spot prices, dollars per cwt,
bagged. (All milled rice grade No 2 not to exceed 4 percent broken, except
California grade No 1. All second heads grade No 4 or better, second head and
brewers are bulk.) Rough rice per cwt FOB farm for grade 2, milling 55/70.
Rice by-products (spot prices, dollars per short ton, fob mills).
Rice bran         135.00-150.00   130.00-135.00   130.00-150.00   200.00-220.00
Rice millfeed         60.00            NE              NE             -----
Rice hulls(ground) 30.00-35.00         NE          15.00-20.00        70.00
*M = mostly.
*NE = Not Established.
Source:  USDA Market News Service-AR Dept. of Ag Little Rock, AR

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