STAT Communications Ag Market News

U.S. National Weekly Rice Summary

LITTLE ROCK - Jul 6/15 - 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 milled rice prices mostly steady, instances 1.00 lower
off the high side in Arkansas.  Medium grain prices firm.  Parboiled, Second Heads
and Brewers rice steady, instances 1.00 lower in Arkansas.  Rice by-products:  Rice
Bran and Millfeed prices steady to weak on limited confirmed spot sales.  Ground
hulls not well tested.  Domestic demand remains good as mills continue processing
regular customer orders.  As of Jul 5, NASS reporting new crop rice condition as
mostly good with AR 14%, LA 66%, MS 25% and Texas 43% currently headed out.
   In California, medium grain milled rice prices firm.  Second heads and Brewers
rice prices steady to 3.00 lower with outside inventories playing a role in price
decline.  Rice by-products:  Rice Bran prices mostly 20.00 lower; ground hull prices
not well tested.  Mills continue processing regular customer orders.  As of Jun 28,
NASS reporting California new crop rice condition as good to excellent with 16%
headed out.
   CME Rough Rice settlements for Thursday Jul 2nd, Jly 15 closed .025 higher at
10.38; Sep 15 closed .01 higher at 10.635; Nov 15 closed .01 higher at 10.90.  US
dollar index on Friday settled at 95.95.
                    Arkansas          Texas         Louisiana      California
MILLED RICE
Long grain         21.00-23.00     24.00-26.75        22.50           -----
Medium grain          27.00           -----           28.00        40.00-45.00
Short grain           -----           -----           -----            NA
Parboiled          24.00-25.00        31.50           32.00           -----
Second heads          17.50        18.00-22.00        18.00        17.00-20.00
Brewers            14.50-16.25     16.00-18.00     15.00-16.50     14.00-16.00
   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          60.00-80.00     80.00-90.00     70.00-90.00    100.00-125.00
Rice millfeed      35.00-40.00         NA              NA             -----
Rice hulls(ground)   M 5.00            NA              NA          30.00-35.00
Rice hulls(whole)                                                      8.00
*M = mostly
*NFE = not fully established
*NA = not available
Source:  USDA Market News Service, Little Rock, AR

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