Escolar Documentos
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LDP
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Posting:
(July Shipment)
Abbreviation
#2/4% #2/4% #2/4% #2/4% #2/4% #3/15 #3/15 #2/4/75 #1/4/88 #1/4 Parb #1/4 Parb #2 55/70 #4/20/hm #5/20/wm
Quote
$24.00 $24.00 $24.50 $580.00 $25.50 $23.00 $570.00 no quote no quote no quote $575.00 $300.00 $22.00 $21.50
Basis
per cwt. sacked, F.A.S. U.S. Gulf per cwt, BULK, FOB Vessel US Gulf per cwt. containerized FOB US Gulf per mt sacked delivered Laredo TX per cwt sacked delivered Miami FL per cwt. sacked, F.A.S. U.S. Gulf per mt sacked delivered Laredo TX per mt bulk FOB vessel NOLA per mt bulk FOB vessel NOLA per mt sacked FOB vessel NOLA per mt bulk FOB vessel NOLA per mt bulk F.O.B. vessel NOLA per cwt. sacked, F.A.S. U.S. Gulf per cwt. sacked, F.A.S. U.S. Gulf per mt bulk FOB vessel NOLA per mt bulk FOB vessel NOLA per cwt. bulk F.O.B. mill per cwt. bulk F.O.B. mill per cwt. bulk F.O.B. mill per cwt. bulk F.O.B. mill per cwt. bulk F.O.B. mill per mt sacked containerized FOB Mill per mt sacked containerized Oakland per mt sacked in 30kg bags FOB vessel per mt in totes containerized Oakland per mt bulk ex-spout Sacramento CA per cwt. bulk F.O.B. Mill per cwt. bulk, F.O.B. rail per cwt. bulk, F.O.B. rail per cwt. bulk, F.O.B. mill per cwt. bulk, F.O.B. mill
www.creedrice.com
U.S. #2 Long Grain, max. 4% Broken, Hard Milled U.S. #2 Long Grain, max. 4% Broken, Hard Milled U.S. #2 Long Grain, max. 4% Broken, Hard Milled U.S. #2 Long Grain, max. 4% Broken, Hard Milled U.S. #2 Long Grain, max. 4% Broken, Hard Milled U.S. #3 Long Grain, max. 15% Broken, Hard Milled U.S. #3 Long Grain, max. 15% Broken, Hard Milled U.S. #2 Long Grain Brown, max. 4% Broken, 75% yield U.S. #1 Parboiled L/G Brown, max. 4% Broken, 88% yield U.S. #1 Parboiled L/G MILLED, max. 4% Broken (except 0.8% damage) U.S. #1 Parboiled L/G MILLED, max. 4% Broken (except 0.8% damage) U.S. #2 Long Grain Paddy, 55/70 yield Long Grain, max. 20% broken, Hard milled (Ghana specs) U.S. #5 L/G, max. 20% broken, WELL MILLED
OFFSHORE QUOTES
Thailand
100%B 5% 10% 15% 25% Brokens
Parb. 100B sorted
Vietnam
$535.00 $520.00 $515.00 $510.00 $485.00 $425.00 $535.00 $965.00 $480.00 10% 15% 25% Brokens MEP-5% MEP-25% $460.00 $450.00 $430.00 $410.00 $490.00 $470.00 5% $465.00
India
Export ban, MEP $900 5% 10% 15% 25% Parb. 5% Var. 1121 Basmati Traditional Pusa $1800 $1300 N/A N/A N/A N/A N/A $1350
Pakistan
5% 10% 15% 25% Parb 5%
Parb 15%*
Uru.
$520.00 $510.00 no quote
Arg.
$520.00 $510.00 no quote
Brazil
All prices basis U.S. dollars per metric ton, F.O.B. vessel, corresponding home port
Copyright 2011 Creed Rice. Co., Inc. All Rights reserved
*Bangladesh Specs.
CBOT Rough Rice Futures (06/20/11 Volume: 1,729 Open Interest: 18,591)
Contract Month 11 Jul 11 Sep 11 Nov 12 Jan 12 Mar 12 May Tuesdays Close Price $13.815 $14.850 $15.170 $15.480 $15.790 $16.085 Net Change From Monday UP UP UP UP UP EVEN 0.005 0.010 0.010 0.020 0.010 0.000 Last Report DOWN DOWN DOWN DOWN DOWN DOWN 0.520 0.590 0.605 0.615 0.620 0.625 Prices One Year Ago 06/29/10 10 Jul 10 Sep 10 Nov 11 Jan 11 Mar 11 May $9.750 $9.990 $10.235 $10.515 $10.810 $11.100
Reflective Prices (all basis per cwt FOB country, 2010 Crop) Texas Long grain Med Grain
$11.50-13.00
Louisianna $12.00
14.50 new crop
California *
$20.50
L/G is #2 55/70, M/G is #2 58/69 (California #1) * - These areas do not have sufficient supplies of this type to quote.
U.S. Report
U.S. GULF, MERCOSUR, & FUTURES
The main focus on the market is twofold...the reduction in acreage due to the flooding and the reaction of the board in congruence with same. Following a dramatic rise in CBOT values over the past couple of months, futures are down $1.50 over the past couple of weeks. It seems as though the funds have gotten their fill of what they perceived as bullish fundamentals and have now lost their appetite for same and taking money off the table. The cash market remains in the doldrums, amid very little fresh demand. The most transparent omission has been Iraq, who last bought U.S. rice back in August 2010. And, I see no change in that situation in the near future (prior to new crop). I look for Uruguay, Argentina, and Vietnam to be the most likely contenders for the Iraq tenders to be, the next likely coming at the end of June or early July. In the meantime, cash offers from mills had firmed in sympathy with the escalation in futures values, but have reverted somewhat since the market fall off. #2-4% is quoted at levels that reflect $540-550 per mt bagged FOB or $525-530 basis bulk. The paddy is in total disarray as the river issues has caused extensive delays, and the former rise in futures has caused growers to hold. Long grain paddy barges are bid/asked at levels that reflect $275/$300 per mt bulk FOB NOLA respectively. The RMA convention convenes next week, so there will be no report on June 29. Two topics almost certain to get a lot of attention, the fear of what another hot summer with hot nights during the flowering stage could do to the crop, and the need for developing new varieties that complement the needs of buyers, here and abroad.
Copyright 2011 Creed Rice. Co., Inc. All Rights reserved June 22, 2011 - Page 3 of 4
Upcoming Tenders:
June 23 KCCO Inv. 2000000245 (amendment 1) tender to buy
3980mt: (3500mt of #2/4% L/G Hard milled in 25kilo bags, 480mt of #2/7% L/G Well Milled in 50kilo bags, for inland plant shipment July 16 - Aug. 15)
Sales
Net sales of 13,200 MT--a marketing-year low--were down 88 percent from the previous week and 81 percent from the prior 4-week average. Increases were reported for: Mexico (6,300 MT) Canada (3,800 MT) Nicaragua (500 MT) Honduras (300 MT) Net sales of 5,900 MT for delivery in 2011/2012 were reported for: Leeward and Windward Islands (6,000 MT) Decreases were reported for: Mexico (100 MT)
June 24 Japan MMA tender to buy 13,000mt California and 13,000mt Australian medium grain.
Tenders Results:
June 21 Korea tender to buy:
11,000mt of Medium/Short Grain Brown rice, #3 or better, global origin 2010-2011 crop, custom cleared Aug-Oct. 5000mt of Indica Long grain brown, #3 or better, global origin, 2011 crop, customs cleared July-Sept. 13,000mt non-glutinous Long grain brown, #3 or better, Thai origin, 2011 crop, customs cleared July-Sept. 21,000mt nonglutinous medium grain, #3 or better, global origin 2010-2011 crop, customs cleared Aug-Oct. 5000mt of non-glutinous medium grain brown, #3 or better, Australian origin, 2011 crop, customs cleared July-Sept. Results pending.
Exports
Exports of 47,800 MT were down 39 percent from the previous week and 40 percent from the prior 4-week average. The primary destinations were: Mexico Haiti Saudi Arabia South Korea Canada (25,700 MT) (7,300 MT) (4,300 MT) (2,900 MT) (2,200 MT)
Source: USDA
Upcoming Events:
June 26-30, 2011 USA Rice Millers Association Convention For more info go to: www.usarice.com July 25-27, 2011 Rice Africa Outlook, Durban South Africa For more info: www.riceafrica.agraevents.com Feb. 9-11, 2012 ISRMAX India Conference 2012 For more info go to: www.isrmaxindia.com
June 30 USDA Rice Acreage report 8:30am EDT, monitor www.RiceOnline.com for the report.
No Creed Rice Market Report to be issued June 29 account our attendance at the RMA convention.
Rice Co-Products - Spot market prices basis $ per short ton bulk, FOB mill (very limited supply in the South)
Texas Bran: Mill Feed: Ground Hulls: Unground Hulls: $130 $50 $7-10 $7-10 Louisiana $135 $60 $5-$7 $5-$7 Arkansas $150 $65 $15 $15 California $150-$155 $3-$5
USA