3rd April, 2014 Daily Exclusive ORYZA News by Riceplus Magazine

3rd April , 2014
TOP Contents - Tailored for YOU Latest News Headlines

Oryza Global Rice Quotes Italy Paddy 65% Sold with Six Month Left until Next Harvest Oryza U.S. Rough Rice Recap Trade Quiet as Smaller Mills Cover Needs Coping with Stress: The Art of Zen Rice Through Plant Genetics Coping with Stress: The Art of Zen Rice Through Plant Genetics Oryza Rice Currency Analysis for Today Currencies Little Changed Oryza Afternoon Recap Chicago Rough Rice Futures Retreat as Traders Foresee Strong Technical Resistence Nigeria Port Authorities Blame High Rice Import Tariff Policy for Revenue Losses Laos Keen to Export Rice to Brunei Bangladesh Blames India for Water Shortage for Boro Rice Crop U.S. Researchers Identify Genes Responsible for Multiple Stresses Tolerance in Rice Oryza Overnight Recap Chicago Rough Rice Futures Seen Little Changed Overnight on Very Light Trade Activity; Wheat Continues to Take a Pounding Vietnam Rice Quotes Mixed Today; Other Asia Rice Quotes Unchanged Marathoners Celebrate Spring with Run through Checkered Sea of Rice Italy Rice Export Tonnage to non-EU Countries Up 23% from Last Year Vietnam Mekong Delta Rice Production Hurt by Drought, Salinity Oryza Afternoon Recap Chicago Rough Rice Futures Advance to Fresh Highs on Yesterdays Supportive Rice Stocks Report
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
NEWS DETAILS:
Oryza Global Rice Quotes
April 2nd, 2014 Long grain white rice - high quality Thailand 100% B grade 395-405 Vietnam 5% broken 385-395 India 5% broken 425-435 Pakistan 5% broken 405-415 Cambodia 5% broken 450-460 U.S. 4% broken 580-590 Uruguay 5% broken 620-630 Argentina 5% broken 615-625 Long grain white rice - low quality Thailand 25% broken 345-355 Vietnam 25% broken 355-365 Pakistan 25% broken 360-370 Cambodia 25% broken 420-430 India 25% broken 365-375 U.S. 15% broken 555-565
Long grain parboiled rice Thailand parboiled 100% stxd 410-420 Pakistan parboiled 5% broken stxd 420-430 India parboiled 5% broken stxd 410-420 U.S. parboiled 4% broken 660-670 Brazil parboiled 5% broken 590-600 Uruguay parboiled 5% broken NQ Long grain fragrant rice Thailand Hommali 92% 940-950 Vietnam Jasmine 495-505 India basmati 2% broken 1515 -1525 Pakistan basmati 2% broken NQ Cambodia Phka Malis 885-895 Brokens Thailand A1 Super 300-310 Vietnam 100% broken 335-345
Pakistan 100% broken stxd 335-345 Cambodia A1 Super 350-360 India 100% Broken stxd 305-315 Egypt medium grain brokens NQ U.S. pet food 470-480 Brazil half grain 345-355 Medium grain milled U.S. Calrose 4% broken Egypt medium grain 6%
1070-1080 NQ
All prices USD per ton, FOB vessel, oryza.com
Italy Paddy 65% Sold with Six Month Left until Next Harvest
More than 65% of total Italian paddy availability from the 2013-14 crop year has already been sold as of April 1. In the week March 25 - April 1 a total of 26,887 tons of Italian paddy were sold. Since September 2013, 942,627 paddy tons have been sold. Last year at this time, 1,008,610 tons (61.2% of production) was sold. There are about 6 months until the next harvest and right now farmers are seeding the next crop; in some areas of Lomardy and Piedmont rice fields have already been flooded. Sales in the week March 25 - April 1 include 9,569 tons of Long A. Total sales of these varieties for domestic market reached 407,213 tons, equivalent to about 76% of beginning availability. Last at this time, sales of Long A were 448,487 tons, corresponding to 58% of total, since beginning stocks were much higher at 771,930 tons. In the same week, sales of Long B were 7,801 tons; since September sale have reached 277,337 tons, equivalent to 56% of beginning availability. Last year at this date, they were 289,883 tons, 66.15% of total availability. Also 8,988 of round paddy rice were sold in this week, reaching 238,014 tons, that means 60.34% of total availability of 394,480 tons since September 2013. Last year at the same date sales reached 244,882 tons, 62.2% of beginning availability fixed at 393,375 tons. As for medium paddy, in the latest week sales were limited to 439 tons; there are only 8,652 tons still available on the market, starting from beginning stocks 28,715 tons, thus about 70% of this is sold. Last year at this time sales were 25,358 tons for the year, 60% of total availability. Beginning stocks in campaign 2012-2013 were much higher, starting from 42,596 tons. The most sold varieties remain Loto and Ariete at 5,086 tons sold last week, followed by Arborio Volano with 1,407 tons, then Baldo with 1,246 tons. Beginning paddy availability (including about 9,000 tons in carryover stocks) for 2013-14 amounted to 1,447,783 tons, down from 1,646,103 tons in 2012-13.
Tags: italy paddy production, italy rice production, italy rice prices
Oryza U.S. Rough Rice Recap Trade Quiet as Smaller Mills Cover Needs
Apr 02, 2014
The U.S. cash market was remains quiet as most buyers remain on the sidelines while smaller mills continue to cover their needs as higher level.As of today, old crop offers could be found as low $15.55 per cwt fob farm (about $343 per ton) for nearby shipment although offers increase to around $16.11 per cwt fob farm (about $355 per ton) for May-June shipment. Bids from larger mills increased today to around $15.40 per cwt (about $340 per ton) for April-May delivery while bids for exporters could be found around $15.40-$15.65 per cwt (about $340-$345 per ton), for the same delivery period, however both of these bids remain unattractive to most sellers when smaller mills are reportedly paying between $16.00-$16.30 per cwt (about $353-$359 per ton) for prompt delivery.
Tags: U.S. rice prices, U.S. rice market
Coping with Stress: The Art of Zen Rice Through Plant Genetics
Apr 02, 2014
Researchers have identified over 1,000 genes in rice that they think may be crucial factors in managing the plants response to both abiotic and biotic stress. Specifically, this research is interesting because scientists previously thought that different sets of genes regulated plants responses to these two different kin ds of stress. This research suggests there is actually a great deal of overlap in the genes that react to stress.Abiotic stress generally refers to stress induced by naturally-occurring factors or factors caused by environmental agents things like drought, flood, nutrition deficiency, or salinity levels. Biotic stress typically includes stress initiated by living things, usually infectious organisms like bacteria, insects, or fungi. There are about 3,800 genes involved in rices stress response process, and researchers Ramakrishna Wusirika and Rafi Shaik found that 1,377 of those genes are involved in both abiotic and biotic stress. Most of those genes about 70% -- are co-expressive, meaning they turn on under both abiotic and biotic stress. The remaining genes tend to turn on for biotic stress and turn off for abiotic stress. To collect the data for this research, scientists analyzed rice plant genes response to five different abiotic stresses: drought, heavy metal contamination, salt, cold, and nutrient deprivation. They also looked at their response to five biotic stresses: bacteria, fungus, insect predation, weed competition, and nematodes. They found that 196 different genes reacted to these stresses, displaying a wide range of expressions. Further developments in this area might lead to a rice variety that has high stress-range tolerance not only tolerance of flood or drought, for example, but of a wide range of both biotic and abiotic stressors.
Tags: coping with stress, art of zen, zen rice, plant breeding, plant stress, Drought, stress tolerance, fungi, biotic stress, abiotic stress, Floods, rice genetics
Coping with Stress: The Art of Zen Rice Through Plant Genetics
Apr 02, 2014
Researchers have identified over 1,000 genes in rice that they think may be crucial factors in managing the plants response to both abiotic and biotic stress. Specifically, this research is interesting because scientists previously thought that different sets of genes regulated plants responses to these two different kinds of stress. This research suggests there is actually a great deal of overlap in the genes that react to stress. Abiotic stress generally refers to stress induced by naturally-occurring factors or factors caused by environmental agents things like drought, flood, nutrition deficiency, or salinity levels. Biotic stress typically includes stress initiated by living things, usually infectious organisms like bacteria, insects, or fungi. There are about 3,800 genes involved in rices stress response process, and researchers Ramakrishna Wusirika and Rafi Shaik found that 1,377 of those genes are involved in both abiotic and biotic stress. Most of those genes about 70% -- are co-expressive, meaning they turn on under both abiotic and biotic stress. The remaining genes tend to turn on for biotic stress and turn off for abiotic stress.
To collect the data for this research, scientists analyzed rice plant genes response to five different abiotic stresses: drought, heavy metal contamination, salt, cold, and nutrient deprivation. They also looked at their response to five biotic stresses: bacteria, fungus, insect predation, weed competition, and nematodes. They found that 196 different genes reacted to these stresses, displaying a wide range of expressions. Further developments in this area might lead to a rice variety that has high stress-range tolerance not only tolerance of flood or drought, for example, but of a wide range of both biotic and abiotic stressors.
Tags: coping with stress, art of zen, zen rice, plant breeding, plant stress, Drought, stress tolerance, fungi, biotic stress, abiotic stress, Floods, rice genetics
Oryza Rice Currency Analysis for Today Currencies Little Changed

Apr 02, 2014
U.S. dollar index was up +0.16% from the open today, when it traded at 80.224 at the close. Euro was weaker -0.21% by the close, trading around 1.3764 by end of day, after trading between an intraday high of 1.3820 and low of 1.3753. Thai baht was weaker -0.30%, trading at 32.444 at the close of business. Indian rupee was weaker -0.01% at 59.8975. Brazilian real was weaker -0.33% at the close of trading today, trading at 2.2690 reais per dollar. Pakistan rupee was +0.10% stronger at 98.1750. Vietnamese dong was +0.01% stronger at 21095. Mexican peso was weaker -0.31% today, when it traded at 13.0918 pesos per dollar by the close of business. Chinese yuan was stronger +0.02%, trading at 6.2055. Argentine peso was unchanged at 8.0010 pesos per dollar.
Tags: foreign exchange rates
Oryza Afternoon Recap Chicago Rough Rice Futures Retreat as Traders Foresee Strong Technical Resistence
Apr 02, 2014
Chicago rough rice futures for May delivery settled 3.5 cents per cwt (about $1 per ton) lower at $15.655 per cwt (about $345 per ton). Rough rice futures pulled back slightly today as the bulls were unable to overcome large sale orders which were layered at $15.700 per cwt (about $346 per ton) and above. As a result of the markets failure to reach the previous days high and with downward pressure limited by nearby technical support noted at $15.610 per cwt (about $344 per ton), provided by the 100-day moving average, prices charted out an inside day and therefore provide little in the way of a technical forecast for tomorrows trade direction. However, todays retracement is likely the result of the speed at which the market rallied over the previous two trading sessions, and thus may be an indication of a market settling into a period of rest before continuing with its current trend of higher prices. The upper Bollinger band is currently noted at $15.710 per cwt (about $346 per ton), a fact that also likely limited potential gains today. The grain complex as a whole came under firm pressure today led by losses in wheat and corn; soybeans closed about 1.5% lower at $14.6225 per bushel; wheat finished about 2.3% lower at $6.6925 per bushel, and corn finished the day about 2.3% lower at $4.9675 per bushel. U.S. stocks wavered in a narrow range in volatile trading Wednesday, after the S&P 500 earlier hit a new high, as investors digested a batch of economic reports. The Dow and S&P 500 are trying for their first 4-day win streak in nearly two months. The Dow Jones Industrial Average rose. The blue-chip index is nearly 25 points away from hitting a fresh record. The S&P 500 and the Nasdaq also climbed. Most key S&P sectors were in positive territory, led by industrials and telecoms. Gold is trading about 0.8% higher, crude oil is seen trading about 0.4% lower, and the U.S. dollar is seen trading about 0.2% higher at about 1:00pm Chicago time. Tuesday, there were 1,523 contracts traded, down from 1,991 contracts traded on Monday. Open interest the number of contracts outstanding on Tuesday increased by 125 contracts to 8,372.
Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market
Nigeria Port Authorities Blame High Rice Import Tariff Policy for Revenue Losses
Apr 02, 2014
The Seaport Terminal Operators Association of Nigeria (STOAN) chief says that the revenue of the Nigeria Customs Service (NIS), terminal operators, dock workers and the Nigerian Ports Authority (NPA) have declined due to the new increased rice import tariff policy of the government.The STOAN chief told local sources that the 110% tariff on rice imports has caused a revenue loss of around N300 billion (around $1.8 billion) during 2013 and around N80 billion (around $485 million) since the beginning of this year to the government. She says that around 150 shiploads of rice consisting of about 600,000 tons of rice have been diverted to the ports of neighboring countries such Benin, Cameroon, Ghana and Togo during the first three months of 2014 due to the government's high import tariff policy. Recently, Benin reduced its rice import tariff from 35% to 7%, while Cameroon introduced a 0% duty policy on rice, down from 10%. Reports say that several rice importers in Nigeria ship their rice to neighboring countries to evade high tariffs and later bring the rice via porous borders. The STOAN chief says that high rice import tariffs have done more harm than good to the Nigerian economy and has urged the government to reverse the policy at the earliest. Nigerias Finance Minister also supports the
need to reverse the policy and experts say that high tariffs encourage traders to smuggle rice into the country. They say that unless the government improves power supply and other related infrastructure, domestic rice production would remain expensive and would increase the scope for smuggling.Nigeria currently imports nearly 3 million tons of milled rice annually since the locally produced rice of about 2.7 million tons is insufficient to fulfill the country's consumption needs of about 6 million tons, according to the USDA.
Tags: Nigeria rice smuggling
Laos Keen to Export Rice to Brunei

Apr 02, 2014
Laos says that it is ready to export rice to Brunei and has invited officials from Bruneis Finance Ministry to conduct a feasibility study in Laos, according to local sources.The outgoing Laos ambassador in Brunei says that the two nations have a strong relationship and have proposed for a barter trade under which Laos could trade goods such as rice and furniture in exchange for oil and gas from Brunei.Laos produces about 1.5 million tons of rice, most of which is consumed locally. However, Laos aims to increase rice production by around one million tons and become an exporter of rice by 2015 when the FTA is likely to be implemented in Southeast Asia. Brunei is also trying to improve domestic production (now at around 1,000 tons of rice) and diversify its rice suppliers. Last month, Brunei invited foreign firms to produce rice in the country to help increase employment. In return, Brunei promised foreign companies that the government will buy rice from them at B$1,600 ($1,260) per ton. At present, Brunei imports around 50,000 tons of rice annually, with Thailand accounting for around 95% Bruneis rice imports. Brunei has said in the past that it wants to reduce dependency on a single supplier and plans to buy rice from Cambodia, Laos and Vietnam.
Tags: Laos rice exports, Brunei rice imports
Bangladesh Blames India for Water Shortage for Boro Rice Crop
Apr 02, 2014
Bangladeshs Boro rice (January - April) production may reduce by around 250,000 to 300,000 tons due to an acute water crisis in northern Bangladesh caused by water extraction from the Teesta river upstream by the Indian government, according to local sources.The Teesta water supply project in northern Bangladesh covers nearly 200,000 hectares of rice farming land in six districts and yields in the region are usually higher than that of other areas in northern Bangladesh. An official from the Ministry of Agriculture (MOA) says that any reduction in this regions output affects the total rice production in the country. Bangladesh has three major rice crops. While Aman (March - June) and Aus (May - October) crops are rain-fed, the Boro crop depends largely on irrigation. MOA officials say that farmers are facing water shortage this year because the water flow in the
Teesta Barrage has reduced to 350 cusecs against a need of 3,500 cusecs due to random water extraction from the Teesta upstream by the Indian government. An MOA official says that the volume of water in Teesta drops steeply in December - March as India holds almost all the water during the period. Water flow in the Teesta Barrage used to be at least 4,000 cusecs in February - March until Indian government built Gazoldoba Barrage in the 1980s and diverted Teesta water for irrigation covering about 920,000 hectares of land in its eastern state West Bengal, he adds.Rice production from Aman and Aus crops stood at 15.3 million tons in 2013-14, according to the MOA officials. The Bangladesh government is targeting around 18.9 million tons of rice from the Boro crop, which contributes about 57% of the country's total rice production of about 34-35 million tons.
Tags: Bangladesh rice production, Teesta river, Boro rice
U.S. Researchers Identify Genes Responsible for Multiple Stresses Tolerance in Rice
Apr 02, 2014
Researchers from Michigan Technological University (MTU) in the U.S. have discovered a set of genes that could be useful in developing tough and disease-resistant rice varieties also known as super rice.Researchers have identified more than 1,377 genes in rice that could play a vital role in managing both biotic (caused by infectious organisms like bacteria) and abiotic (caused by environmental agents, like nutrient deficiency, flood and salinity) stresses. Researchers say that overall 3,800 genes could be involved in managing either of biotic or abiotic stresses. The 1,377 genes identified by the researchers are involved in rices stress response played a role in both types stress. These are the genes we think are involved in the cross talk between biotic and abiotic stresses, says one of the researchers. The researchers say that about 70% of the newly identified genes turn on under both kinds of stress. They tested the genes' response to five abiotic stresses - drought, heavy metal contamination, salt, cold and nutrient deprivation; and five biotic stresses - bacteria, fungus, insect predation, weed competition and nematodes. The researchers found that about 196 genes showed a wide range of expressions to multiple stresses. Researchers say that they would select top genes, which could discriminate abiotic and biotic stresses, for developing rice varieties with broad stress-range tolerance in future.
Tags: Stress--tolerant rice, genes, Michigan Technological University (MTU)
Oryza Overnight Recap Chicago Rough Rice Futures Seen Little Changed Overnight on Very Light Trade Activity; Wheat Continues to Take a Pounding
Apr 02, 2014
Chicago rough rice futures for May delivery are currently paused 0.5 cents per cwt (about $0.22 per ton) lower overnight at $15.685 per cwt (about $346 per ton) as of 8:00am Chicago time. The other grains are seen mostly lower this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.1% higher, wheat was paused about 1.4% lower, and corn is noted about 0.9% higher.U.S. stock index futures wavered in a
narrow range Wednesday, following the ADP private-sector job report and a day after the S&P 500's recordclose. U.S. private employers added 191,000 workers in March, according to the ADP National Employment Report. Economists surveyed by Reuters likely showed a gain of 195,000 jobs. Later in the session, factory orders for February will be reported at 10 am ET. Analysts polled expect an increase of 1.2%. Weekly mortgage applications declined amid lower financing demand, according to the Mortgage Bankers Association. U.S. stock index futures are currently trading marginally higher, gold is currently trading about 1% higher, crude oil is seen trading about 0.4% lower, and the U.S. dollar is currently trading unchanged at 8:00am Chicago
Tags: chicago rough rice futures
Vietnam Rice Quotes Mixed Today; Other Asia Rice Quotes Unchanged
Apr 02, 2014
Vietnam rice sellers increased their quotes for 25% broken rice by about $5 per ton to about $355 - $365 per ton and lowered their quotes for Jasmine rice by about $5 per ton to about $495 $505 per ton today. Other Asia rice sellers kept their quotes mostly unchanged today. 5% Broken Rice Thai 5% rice (of new crop) is quoted around $380 - $390 per ton, about a $5 per ton discount to Viet 5% rice shown around $385 - $395 per ton. Indian 5% rice is quoted around $425 - $435 per ton, about a $20 per ton premium over Pak 5% rice quoted around $405 - $415 per ton. 25% Broken Rice Thai 25% rice of the old crop is quoted about $345 - $355 per ton, about a $10 per ton discount to Viet 25% rice shown around $355 - $365 per ton, up about $5 per ton from yesterday. Indian 25% rice is quoted around $365 - $375 per ton, about a $5 per ton premium over Pak 25% rice quoted around $360 - $370 per ton. Parboiled Rice Thai parboiled rice of the old crop is quoted around $410 - $420 per ton. Indian parboiled rice is quoted around $410 - $420 per ton, about $10 per ton discount to Pak parboiled rice last quoted around $420 - $430 per ton. 100% Broken Rice Thai broken rice, A1 Super, of the old crop is quoted around $300 - $310 per ton, about a $35 per ton discount to Viet broken rice shown around $335 - $345 per ton. Indian broken sortexed rice is quoted around $305 - $315 per ton, about a $30 per ton discount to Pak broken sortexed rice quoted around $335 - $345 per ton.
Tags: Asia rice quotes, Thailand rice quotes, Pakistan rice quotes, India rice quotes, Vietnam rice quotes
Marathoners Celebrate Spring with Run through Checkered Sea of Rice

Apr 01, 2014
In Italy, rice fields are known also as "checkered sea, a perspective best appreciated from a birds eye view, for instance looking out from the window of a plane. Long distance runners are set to run among the rice fields when they are flooded in the triumphant May weather. The rice marathon, maratona del riso, see www.maratonadelriso.it) will take place on May 1, among the deep heart of Italian rice growing area, in the Vercelli province (Piedmont). The runners will start from Santhi, where every year there is also a rice festival with about 10,000 participants for every edition; then they will go on through Bianz, Crova, Salasco and San Germano Vercellese. For at least a century, all the land around these small towns becomes a big rice field every spring.The whole marathon distance is the classical 42.5 kilometers (about 26 miles), but you can choose also other, shorter race such as 20 or 10 kilometers (about 12 or 6 miles), or you can also decide to take it easy, and select the family run. You can also run Zen, following colored balloons indicating the pace you are keeping, without looking at a stopwatch.
Tags: italy rice production, rice marthon, maratona del riso, marathon, maratona
Italy Rice Export Tonnage to non-EU Countries Up 23% from Last Year
Apr 01, 2014
Italian rice exports outside the EU continue to grow. Since the beginning of the current marketing year starting September 1, 2013 - until March 25, 2014, Italys rice exports outside the EU reached 75,293 tons (basis milled) equivalent to about 8% of Italys rice production - and up about 23% from 60,825 tons rein the same period last year, according to Agrex export licenses required by exporters from the Italian Ministry of Industrial Development. Since September 1, 2013, the most important buyer remains Turkey, importing 26,295 tons (up 30% y/y); followed by Lebanon, importing 11,140 tons (up 73% y/y); the U.S. with 7,529 tons ( up 7% y/y),; Serbia with 3,001 tons (up 115% y/y); Albania, with 2,307 tons; and Tirana importing 505 tons (up nearly four-fold y/y).
Exports for all varieties are growing except medium rice: round rice exports year to date stand at 14,506 tons up about 175% y/y from 5,282 tons in previous campaign; exported medium rice tonnage is about 1,874 tons down 64% y/y from 5,177 tons last year. Long A rice exports show an increase of 10.5%, advancing from 46,134 tons of 2012/2013 to 50,984 tons of 2013/2014. Long B rice exports from Italy have almost doubled, with 7,292 tons in 2013/2014, up 87% from 4,232 tons of 2012/2013.
Tags: italy rice exports, italy rice production
Vietnam Mekong Delta Rice Production Hurt by Drought, Salinity

Apr 01, 2014
Rice production in thousands of hectares in Vietnams Mekong Delta region is adversely affected by drought and saltwater intrusion, according to local sources. The Mekong Delta accounts for around 50% of Vietnams total rice production of around 28 million tons, and for around 90% of exports of around 7 million tons. However, farmers in the region are likely to lose a significant part of their rice crop this year due to shortage of water and increasing salinity.The Department of Agriculture and Rural Development had advised farmers to avoid planting this year, but most farmers carried on with planting. Officials say that average rice yields could drop around 30-40% due to salinity alone. Salinity has increased this year due to saltwater intrusion from the seas into the rivers.
Tags: Vietnam rice production, Mekong Delta Region rice production
Oryza Afternoon Recap Chicago Rough Rice Futures Advance to Fresh Highs on Yesterdays Supportive Rice Stocks Report
Apr 01, 2014
Chicago rough rice futures for May delivery settled 9 cents per cwt (about $2 per ton) higher at $15.690 per cwt (about $346 per ton). Rough rice futures continue to react to what was seen as a supportive rice stocks report released yesterday which has confirmed a tightening supply situation ahead of a larger expected new crop. Todays action is seen as further confirmation of the recent bullish reversal following a dip below $15.300 per cwt (about $337 per ton) momentarily last week. Prices are now firmly in technically bullish territory and appear poised to test longer term resistance at $15.800 per cwt (about $348 per ton), a level that has acted as the upper boundary to a sideways trading range which has held throughout this calendar year. Furthermore; additional credence is given to the current run up in prices as it has taken place on increased trade volume and improving open interest, leading some traders to expect that we could see fresh highs shortly. Additional support today was likely attributed to overall bullishness in the grain complex as the other grains finished the day mostly higher with only wheat closing in the red; soybeans closed about 1.4% higher at $14.8450 per bushel; wheat finished about 1.7% lower at $6.8525 per bushel, and corn finished the day about 1.1% higher at $5.0750 per bushel.U.S. stocks held modest gains across the board Tuesday after the S&P 500 briefly shot to a fresh intraday record, as investors digested the latest batch of economic reports. The Dow Jones
Industrial Average held modest gains. The S&P 500 and the Nasdaq were also in positive territory. The Dow and S&P 500 are seeing their first three-day win streak since the end of February. Stocks wrapped up a mixed first quarter, with the Dow ending in the red and the S&P and Nasdaq squeezing out moderate gains. And with the start of a new month, investors are hoping that April will be brighter for stocks. According to market patterns, April is the best-performing month for the Dow, with the index posting an average gain of over 2% over the last 50 years. U.S. manufacturing growth improved for the second month in March. The Institute for Supply Management (ISM) said its index of national factory activity rose to 53.7 in March, which was up slightly from February's read of 53.2 but below the expected 54.0 reading in a Reuters poll. Gold is trading about 0.3% lower, crude oil is seen trading about 1.8% lower, and the U.S. dollar is seen trading about 0.1% lower at about 1:00pm Chicago time.Monday, there were 1,991 contracts traded, up from 947 contracts traded on Friday. Open interest the number of contracts outstanding on Monday increased by 113 contracts to 8,247.
Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market
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3rd April, 2014 Daily Exclusive ORYZA News by Riceplus Magazine

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3rd April, 2014 Daily Exclusive ORYZA News by Riceplus Magazine

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3rd April , 2014

TOP Contents - Tailored for YOU Latest News Headlines

All prices USD per ton, FOB vessel, oryza.com

Oryza Rice Currency Analysis for Today Currencies Little Changed

Laos Keen to Export Rice to Brunei

Marathoners Celebrate Spring with Run through Checkered Sea of Rice

Vietnam Mekong Delta Rice Production Hurt by Drought, Salinity

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