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July 29, 2015 Vol 5 ,Issue VII
Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine News are published with permission of ORYZA.com
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Oryza Overnight Recap – Chicago Rough Rice Futures Continue to Drift Sideways as Market Lacks Fundamental Price Direction Jul 28, 2015
Chicago rough rice futures for Sep delivery are currently seen trading unchanged at $10.960 per cwt (about $242 per ton) during early floor trading in Chicago. The other grains are seen trading mixed this morning; soybeans are currently seen trading about 0.9% higher, wheat is listed about 0.3% higher and corn is currently noted about 0.2% lower. U.S. stocks opened higher on Tuesday as investors found encouragement from some recovery in Chinese stocks and eyed mixed earnings as the Federal Reserve began its two-day meeting. Stocks attempted to recover from five straight days of declines that brought the S&P 500 just above its 200-day moving average and the Dow Jones industrial average to its lowest close in nearly six months on Monday. China remained in focus, with Shanghai's benchmark stock market closing down 1.7% in a recovery from an intraday decline of as much as 5%. China's securities regulator said on Tuesday that it had launched an investigation into Monday's selloff, when stocks fell more than 8%. While the Nikkei joined the Shanghai Composite in negative territory, the Hang Seng closed up 0.62%.European stocks traded higher and stock futures rose following the rally attempt in Asia. The services PMI and consumer confidence come out at 9:45 a.m. and 10:00 a.m., respectively. The Federal Open Market Committee begins its two-day meeting Tuesday. No press conference is scheduled at its conclusion Wednesday afternoon. Gold is currently trading slightly higher, crude oil is seen trading about 0.2% lower, and the U.S. dollar is currently trading about 0.4% higher at 8:45am Chicago time.
Brazil Paddy Rice Index Advances Slightly from Last Week Jul 28, 2015
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The Brazilian paddy rice index maintained by CEPEA reached around 33.71 real per 50 kilograms as of July 27, 2015, up about 0.30% from around 33.60 real per 50 kilograms recorded on July 20, 2015. In terms of USD per ton, the index reached around $203 per ton on July 27, 2015, down about 3% from around $209 per ton recorded on July 20, 2015.
Oryza U.S. Rough Rice Recap - Prices Remain Firm as Sellers Wait on Sidelines; Concerns about High Nighttime Temps Grow Jul 28, 2015
The U.S. cash market was seen unchanged today with prices remaining fairly firm. Most sellers continue to wait on the sidelines expecting prices to increase even further given the increase in export demand and growing concerns about new crop.
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Analysts note that the crop is making good progress however weather concerns are beginning to mount. A recent span of night time temperatures that held above 75 degrees Fahrenheit has brought back memories of the 2010 and 2011 crops which faced similar conditions and also produced a sub optimal crop.
Oryza Afternoon Recap - Chicago Rough Rice Futures Find Support form Outside Markets as Grain Complex Attempts to Recover Following Yesterday's Steep Loss Jul 28, 2015
Chicago rough rice futures for Sep delivery settled 2 cents per cwt (about $0.44 per ton) higher at $10.980 per cwt (about $242 per ton). The other grains finished the day higher as prices attempted to recover from steep losses sustained the previous day; Soybeans closed about 1.2% higher at $9.4475 per bushel; wheat finished about 1.6% higher at $5.1075 per bushel, and corn finished the day about 0.5% higher at $3.8525 per bushel. U.S. stocks traded higher by nearly 1% or more on Tuesday as investors found encouragement from some recovery in Chinese stocks and eyed mixed earnings as the Federal Reserve began its two-day meeting. The Federal Open Market Committee begins its two-day meeting Tuesday. No press conference is scheduled at its conclusion Wednesday afternoon. The Dow Jones industrial average traded more than 130 points higher after adding more than 100 points in late morning trade. The S&P 500 held higher, while the Nasdaq Composite attempted to hold in positive territory. Stocks attempted to recover from five straight days of declines that brought the S&P 500 to just above its 200-day moving average and the Dow Jones industrial average to its lowest close in nearly six months on Monday. China remained in focus, with Shanghai's benchmark stock market closing down 1.7% in a recovery from an intraday decline of as much as 5%. China's securities regulator said on Tuesday that it had launched an investigation into Monday's selloff, when stocks fell more than 8%.While the Nikkei joined the Shanghai Composite in negative territory, the Hang Seng closed up 0.62%.European stocks traded higher and stock futures rose following the rally attempt in Asia. In economic news, U.S. consumer confidence for July came in at 90.9, missing expectations and posting a decline from June's read of 99.8. The Dow Jones Industrial Average traded up 138
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points, or 0.80%, at 17,579. The S&P 500 traded up 19 points, or 0.94%, at 2,087, with energy leading nine sectors higher and telecommunications the only decliner. The Nasdaq traded up 34 points, or 0.68%, at 5,073. Gold is trading about 0.1% lower, crude oil is seen trading about 1.2% higher, and the U.S. dollar is seen trading at about 0.2% higher at about 1:15pm Chicago time. Monday, there were 647 contracts traded, up from 510 contracts traded on Friday. Open interest – the number of contracts outstanding – on Monday decreased by 54 contracts to 8,548.
Global Rice Quotes July 28th, 2015
Long grain white rice - high quality Thailand 100% B grade 380-390
↔
Vietnam 5% broken
345-355
↔
India 5% broken
385-395
↔
Pakistan 5% broken
370-380
↔
Myanmar 5% broken
400-410
↔
Cambodia 5% broken
425-435
↔
U.S. 4% broken
470-480
↔
Uruguay 5% broken
535-545
↔
Argentina 5% broken
530-540
↔
Long grain white rice - low quality Thailand 25% broken
350-360
↔
Vietnam 25% broken
325-335
↔
Pakistan 25% broken
330-340
↔
Cambodia 25% broken 410-420
↔
Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine News are published with permission of ORYZA.com
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350-360
↔
U.S. 15% broken
445-455
↔
Long grain parboiled rice Thailand parboiled 100% stxd
380-390
Pakistan parboiled 5% broken stxd
↔
415-425
India parboiled 5% broken stxd 375-385
↔
U.S. parboiled 4% broken
555-565
↔
Brazil parboiled 5% broken
545-555
↔
Uruguay parboiled 5% broken NQ
↔
↔
Long grain fragrant rice Thailand Hommali 92% Vietnam Jasmine
865-875 485-495
↔
India basmati 2% broken
NQ
↔
Pakistan basmati 2% broken
NQ
↔
Cambodia Phka Mails 835-845
↔
↔
Brokens Thailand A1 Super
320-320
Vietnam 100% broken 315-325 Pakistan 100% broken stxd Cambodia A1 Super India 100% broken stxd
↔ ↑
285-295
350-360
↔
↔
305-315
↔
Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine News are published with permission of ORYZA.com
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NQ
U.S. pet food
↔
325-335
Brazil half grain
NQ
↔
↔
All prices USD per ton, FOB vessel, oryza.com
Iraq Reported to Have Bought 112,000 Tons of Rice from Argentina, Uruguay Jul 28, 2015
Iraq has bought 112,000 tons of rice from Argentina and Uruguay, Bloomberg reports, citing the Iraq Trade Ministry.
Vietnam Rice Sellers Increase Some of Their Quotes Today; Other Asia Rice Quotes Unchanged Jul 28, 2015
Vietnam rice sellers increased their quotes for 100% broken rice by about a $5 per ton to about $315-$325 per ton today. Other Asia rice sellers kept their quotes mostly unchanged. 5% Broken Rice Thailand 5% rice is indicated at around $370 - $380 per ton, about a $25 per ton premium on Vietnam 5% rice shown at around $345 - $355 per ton. India 5% rice is indicated at around $385 - $395 per ton, about $15 per ton premium on Pakistan 5% rice shown at around $370 - $380 per ton. 25% Broken Rice Thailand 25% rice is shown at around $350 - $360 per ton, about a $25 per ton premium on Vietnam 25% rice shown at around $325- $335 per ton.
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India 25% rice is indicated at around $350 - $360, about $20 per ton premium on Pakistan 25% rice shown at around $330 - $340per ton. Parboiled Rice Thailand parboiled rice is indicated at around $380 - $390 per ton. India parboiled rice is indicated at around $375- $385 per ton, about a $40 per ton discount to Pakistan parboiled rice was last shown at around $415 - $425 per ton. 100% Broken Rice Thailand broken rice, A1 Super, is indicated at around $320 - $330 per ton, about $5 per ton from premium on Vietnam 100% broken rice shown at around $315 - $325 per ton, up about a $5 per ton from yesterday. India's 100% broken rice is shown at around $305 - $315 per ton, about a $20 per ton premium on Pakistan broken sortexed rice shown at around $285 - $295 per ton
Russia Rice Production Expected to Increase in MY2015-16, Says USDA Post Jul 28, 2015
Milled rice production in Russia is projected to increase to around 700,000 tons in MY2015-16 (Jan-Dec2016), up from an estimated 682,000 tons in MY2014-15, according to the USDA post. The increase is thanks to higher rice acreage, expected to rise to 200,000 hectares in MY2015-16 from about 196,000 hectares in MY2014-15. Russia’s rice import are expected to remain steady at 250,000 tons in MY2015-16, unchanged from MY2014-15, according to Post. Ending stocks in MY2015-16 are expected to increase to about 106,000 tons from about 76,000 tons in MY2014-15. However, Russia’s rice exports are expected to decline to about 160,000 tons in MY2015-16 from about 190,000 tons in MY2014-15.
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