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USA Rice Federation is the global advocate of all segments of the U.S. rice industry with a mission to promote and protect the interests of producers, millers, merchants and allied businesses.
Friday, July 11, 2014

2012/13 Domestic Usage Report Available Today  

 
It's all in the report. 

WASHINGTON, DC -- The USA Rice Federation Domestic Usage Report (DUR) Subcommittee is pleased to announce the release of the 2012/13 U.S. Rice Domestic Usage Report.  The report covers domestic usage and milling trends over the past year.  

Data covered in the report provides a clear snapshot of the domestic rice milling industry.  The twenty two participating millers represent over 75 percent of the domestic rice industry that milled over 110 million hundredweights of rice in 2012/13.

 

"The DUR is a valuable decision making tool for businesses interested in trends in the rice industry," said Ken Cox, chairman of the USA Rice DUR Subcommittee. "The report shows volumes milled for specific end users as well as the types of products end users are making out of the milled rice."

 

The DUR is available for sale through the USA Rice Federation website.  Non-members may purchase the report for $1,000; USA Rice members who did not contribute to the report can pay $500.  There is no charge for the report to contributors to the report and USDA partners.

 

To purchase the DUR, please visit the USA Rice Online Store.

 

Contact:  Evan Spencer, (703) 236-1476

House Ag Subcommittee Hearing:  Updates on Farm Bill Implementation 

WASHINGTON, DC -- At a hearing on Thursday, USDA Under Secretary Michael Scuse testified about ongoing efforts to implement the Agricultural Act of 2014.  The hearing addressed new crop insurance provisions, Price Loss Coverage (PLC) and Agriculture Risk Coverage (ARC) and the opportunity for producers to update yields and reallocate base acres in late summer/early fall.   

 

Along with this update option, farmers will be required to make a one-time irrevocable decision between PLC, ARC county coverage, and ARC individual coverage for the 2014-2018 crop years in late 2014.   Policy materials and area coverage availability regarding Supplemental Coverage Options (SCO) will be available in early fall for spring planted crops for the 2015 crop year.

 

1

County Offices receive Historical Acreage Excel spreadsheet.

Mid June 2014

2

Farm Bill Acreage History software arrives in County Offices.

Mid Summer 2014

3

All owners and operators receive their Notification of Covered Commodity Acreage History letter that includes all farms in all counties. Owners and operators are provided an opportunity to correct acreage history for years 2009 through 2012.

Mid Summer 2014

4

Owners make final base reallocation and yield update decision for the farm.

Late Summer/Fall 2014

5

County Offices dataload missing P&CP acreage history.

Fall 2014

6

Official 2014 Notice of Base and Yield (FSA-476) report mailed to all owners and operators on the farm, with appeal rights.

Winter 2014/2015

7

All owners and operators on the farm make program election for the farm.

Winter 2014/2015

8

Annual enrollment into PLC, ARC-CO, or ARC-IC program for 2014 and 2015. Early 2015. 


 

 

Contact:  Lydia Holmes, (703) 236-1450  

WASDE Report Released:  Rice Supplies Up 5 Percent 

WASHINGTON, DC -- U.S. all rice supplies in 2014/15 are raised 12.5 million cwt or nearly 5 percent to 279.8 million, the highest since 2010/11, as beginning stocks and production are raised 500,000 and 13 million, respectively.   Conversely, the import forecast is lowered 1 million cwt to 21 million.  All rice production for 2014/15 is forecast at 226 million cwt, up 13 million or 6 percent due entirely to an increase in area.  All rice average yield is estimated at 7,469 pounds per acre, nearly the same as last month, but 3 percent below record 2013/14.  All rice total use for 2014/15 is raised 10 million cwt or 4 percent to 240 million, the highest since 2010/11, as domestic and residual use and exports are each increased 5 million to 133 million and 107 million, respectively.  Ending stocks for 2014/15 are projected at 39.8 million cwt, up 2.5 million.

 

Changes to U.S. 2013/14 rice supply and use include larger imports, lower domestic and residual use, larger exports, and higher ending stocks.  All rice imports for 2013/14 are forecast at 23 million cwt, up 1 million from last month, due mostly to an unexpectedly large May shipment of broken rice from Thailand reported by the Bureau of the Census. Domestic and residual use for 2013/14 is lowered 1 million cwt to 123 million based largely on NASS' Rice Stocks report showing larger than expected stocks as of June 1.  Exports for 2013/14 are raised 1.5 million cwt to 93.5 million based on data from the Bureau of the Census through May and data from the weekly U.S. Export Sales report through early

July.

 

The 2014/15 U.S. long-grain rice season-average farm price is projected at $12.00 to $13.00 per cwt, down 80 cents per cwt on each end of the range from last month.  The 2014/15 combined medium- and short-grain price is projected at $17.00 to $18.00 per cwt, down $1.20 per cwt from a month ago.  The 2014/15 all rice price is projected at $13.50 to $14.50 per cwt, down 90 cents per cwt on each end of the range from last month.  Larger domestic supplies of both long-grain rice and medium-grain rice along with plentiful supplies among most of the major global exporters will exert downward pressure on prices.

 

Global 2014/15 rice supplies are reduced due to both lower beginning stocks and production.  Beginning stocks for 2014/15 are lowered 600,000 tons due chiefly to reductions for China and the Philippines, partially offset by an increase for Vietnam.  Global production is projected at a record 479.4 million tons, down 1.3 million from last month owing mostly to a decrease in India, partially offset by increases for Vietnam and the United States.  India's 2014/15 rice crop is projected at 104 million tons, down 2 million from last month attributed to the slow and erratic start to the Southwest Monsoon.   Global trade and consumption are changed little from a month ago.  U.S. 2014/15 exports are raised 160,000 tons from a month ago.  World ending stocks for 2014/15 are projected at 108.5 million tons, down 2.1 million from last month, and 3 million below the revised 2013/14 stocks forecast.  Ending stocks projections for 2014/15 are lowered for India, China, and the Philippines, partially offsetting increases for Brazil, Vietnam, and the United States.

 

Read the full report here.

CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for July 11


Month
Price
Net Change
July 2014$14.500
- $0.100
September 2014$13.205
- $0.250
November 2014$13.440
- $0.235
January 2015$13.645
- $0.245
March 2015$13.815
- $0.235
May 2015$13.980
- $0.220
July 2015$14.160
- $0.205


In the News 

Around Washington

USDA Implementation of Crop Insurance Programs Questioned Agri-Pulse

House Agriculture Committee members said at a hearing on Thursday they are worried about USDA's implementation of certain crop insurance provisions in the five-month old 2014 Farm Bill.

 

U.S. Pork Industry Pressures Japan for TPP Concessions Japan Times

To achieve a broad TPP accord early, Japan needs to do more toward eliminating its tariffs on agricultural products.

 

 

Around the Country

Agriculture Industry Seeks to Create Right to Farm Washington Post

Some powerful agriculture interests want to declare farming a right at the state level as part of a wider campaign to fortify the ag industry against crusades by animal-welfare activists and opponents of genetically modified crops.

 

Film Shows Human Cost of Irrigation Cuts to Agriculture Western Farm Press

The independent movie, "The Fight for Water: A Farmworker Struggle," is a 78-minutes long and features interviews with farmworkers and farmers. It documents the impact a key environmental decision had on farming communities.

 

The Rube Goldberg of Rice New Yorker

In the United States, rice is only cultivated commercially in southern states, but, inspired by the northern rice seen in Japan, farm managers began researching the feasibility of growing rice on New York City's Randall's Island Urban Farm.

 

 

Around the World

The Boy is Back? El Nino Seen Striking Within Months Reuters

The U.S. weather forecaster maintained its outlook for the El Nino weather phenomenon in its monthly update on Thursday, pegging the chances of the weather pattern striking during the Northern Hemisphere summer at 70 percent.

USA Rice Daily Index of Articles, July 7-10
Thursday, July 10
EPA and Louisiana Ag Rice Producers Meet to Discuss "Waters of the U.S." Rule
USA Rice Announces FCCLA Classroom Challenge Contest Winners

Wednesday, July 9
Congress Considers Waiver to School Meals Rules
Senate Confirms Vetter as Chief Ag Negotiator

Tuesday, July 8
USA Rice Signs On to New Supply Chain Sustainability Program

Monday, July 7
Japan Ends Testing for Liberty Link
Crop Progress:  2014 Crop 17 Percent Headed
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Mission Statement
USA Rice Federation is the global advocate for all segments of the U.S. rice industry with a mission to promote and protect the interests of producers, millers, merchants and allied businesses.
About Us
Editor: Michael Klein,
(703) 236-1458,
[email protected]

Fax (703) 236-2301

2101 Wilson Boulevard, Suite 610
Arlington, VA 22201

This report is time-sensitive, based on information available at press time. Content is derived from facts and sources believed to be reliable. Reprinting and/or distribution may be done with permission of the USA Rice Federation

Copyright � 2014. Please direct comments or questions to the editor or contact name listed for each story.