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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.
Wednesday, December 3, 2014

Countdown to 2014 USA Rice Outlook Conference in Little Rock   

 
Last year's ribbon cutting  
in St. Louis 
ARLINGTON, VA -- This weekend the 2014 USA Rice Outlook Conference takes over the Statehouse Convention Center in Little Rock, Arkansas.  The annual conference is the largest rice convention held in the United States featuring a trade show, speakers, and interactive learning sessions on many aspects of the rice industry.

 

The conference kicks off on Sunday, December 7, with the grand opening of the exhibit hall and a reception.  Monday morning's program includes a host state welcome from Governor-Elect Asa Hutchinson and USA Rice Federation Chairman Dow Brantley, an Arkansas rice farmer. 

 

The speaker lineup includes Jim Wiesemeyer of Informa Economics, USDA Rice Market Analyst Nathan Childs, and Vernon Crowder of Rabobank's Food & Agribusiness Research and Advisory Group.  The new farm bill is a featured topic on the agenda with presentations on implementation, data reporting, conservation opportunities, and a decision aid tool.   The conference also will screen Academy Award winner James Moll's Farmland documentary on Monday at 4:45p.m.

 

USA Rice's social media platforms will keep the industry informed throughout the conference, including during the Rice Awards luncheon on Monday.  Those attending the conference are encouraged to tweet using the hashtag #USARiceOutlook. 

 

"We are excited to host this year's USA Rice Outlook Conference in Arkansas," said Brantley.  "This meeting is a great place to network and get the latest information about issues that affect our industry.  We also hope it encourages more farmers and industry partners to learn about their national rice organization and get involved." 

 

USA Rice President and CEO Betsy Ward said, "This year's conference has the largest trade show in conference history, with all the latest technology and services.  We are anticipating a big turnout and are very excited to show our members what USA Rice has accomplished for the rice industry this past year."

 

Contact:  Colleen Klemczewski (703) 236-1446

Japan Announces 4th SBS Tender in FY 2014   

Announcement:            3 December 2014

Tender:                         18 December 2014

Offer details:              

            Total                                                    30,000 MT

            Whole-kernel (brown or milled)         27,000 MT

            Broken (milled)                                     3,000 MT

Shipping period:          15 May 2015

CCC Announces Prevailing World Market Prices 
WASHINGTON, DC -- The Department of Agriculture's Commodity Credit Corporation today announced the following prevailing world market prices of milled and rough rice, adjusted for U.S. milling yields and location, and the resulting marketing loan-gain (MLG) and loan deficiency payment (LDP) rates applicable to the 2014 crop, which became effective today at 7:00 a.m., Eastern Time (ET).  Prices are unchanged from the previous announcement.

 
World Price
MLG/LDP Rate
 
Milled Value ($/cwt)
Rough ($/cwt)
Rough ($/cwt)
Long-Grain
17.12
10.86
0.00
Medium-/Short-Grain
16.56
11.15
0.00
Brokens
10.33
----
----

This week's prevailing world market prices and MLG/LDP rates are based on the following U.S. milling yields and the corresponding loan rates:

 
U.S. Milling Yields
Whole/Broken
(lbs/cwt)
Loan Rate
($/cwt)
Long-Grain
55.83/12.59
6.50
Medium-/Short-Grain
62.39/7.92
6.50
 
The next program announcement is scheduled for December 10. 
CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for December 3


Month
Price
Net Change
January 2015$12.140
- $0.045
March 2015$12.395
- $0.055
May 2015$12.645
- $0.055
July 2015$12.845
- $0.055
September 2015$12.100
- $0.050
November 2015$12.000
- $0.050
January 2016
$12.000
- $0.050


In the News 

Around Washington

Gourmet Chefs Turn Heat Up on Mandatory GMO Labels Agri-Pulse

More than a dozen "celebrity" chefs met with Sen. Jon Tester, D-Mont., on Capitol Hill Tuesday to promote a federal mandate for GMO labeling.

 

 

Around the Country

California Falls Short of Water Conservation Goals Associated Press

Gov. Jerry Brown in January declared a drought emergency, and asked Californians to cut residential water use by 20 percent. The latest figures released Tuesday by the state show that Californians managed to reduce their daily water use by only 6.7 percent in October compared to the same period last year. The closest the state's 38 million people have come to meeting the 20 percent goal was in August, when water use was down 11.6 percent year-on-year.

 

 

Science and Technology

Today's Farms Awash in Data: But What to do With It? Delta Farm Press

Provisions in the new farm bill call for farmer reporting of data related to government programs and crop insurance. The one source reporting of previous farm bills can't be used. In the past six months, the Farm Services Agency has hired people to enable electronic reporting for farmers who enroll in government programs. FSA is looking at yield data, at planted data, and other digital information.

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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,
mklein@usarice.com

Fax (703) 236-2301

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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

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