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USA Rice Daily
Up-to-the-Minute News on Issues and Activities
Wednesday, January 21, 2015

Getting to Know the 114th Congress 

 
Rep. Mike Conaway (l) meets 
with Texas rice farmers 
during 2014 GAC 

WASHINGTON, DC -- The 114thCongress was sworn in earlier this month with 64 brand new Members, and significant changes on committees, including Republican chairmen in the Senate and new chairmen on many House Committees.  The task at hand now is to educate the new Members and their staff about the U.S. rice industry and the industry's priorities.

 

"We've already begun our outreach and education efforts, but we will use our upcoming Government Affairs Conference to make a major advocacy push with Congress," said USA Rice Federation Vice President of Government Affairs Ben Mosely.  "Having our members in town creates a perfect opportunity to tell rice's story on the Hill."

 

Mosely confirmed speaking invitations had been extended to Representative Mike Conaway (R-TX), the new chairman of the House Agriculture Committee, and to the U.S. Department of Agriculture's Under Secretary for Farm and Foreign Agricultural Services Michael Scuse.

 

"The GAC is a real learning experience for everyone involved," said Dow Brantley, an Arkansas rice farmer and chairman of the USA Rice Federation.  "Our members attend informational sessions with legislators and government agency officials where they get to meet face-to-face, talk about the U.S. rice industry, and educate these decision makers on the areas that are important to us.  It's a key component of our strategy."

 

Contact:  Deborah Willenborg (703) 236-1444

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
16.76
10.63
0.00
Medium-/Short-Grain
16.19
10.90
0.00
Brokens
10.11
----
----

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 January 28. 
CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for January 21

Month
Price
Net Change
March 2015$11.370
+$0.105
May 2015$11.620
+ $0.100
July 2015$11.850
+ $0.095
September 2015$11.480
+ $0.100
November 2015$11.580
+ $0.060
January 2016
$11.865
+ $0.055
March 2016
$11.865
+ $0.055


In the News 

Around Washington

Moran to Chair Spending Panel for USDA and FDA Agri-Pulse

The new chairs of other subcommittees include: Lamar Alexander, R-Tenn., Energy and Water Development; John Boozman, R-Ark., Financial Services and General Government; John Hoeven, R-N.D., Homeland Security; Lisa Murkowski, R-Alaska, Interior-Environment (which oversees the Interior Department and EPA); Lindsay Graham, R-S.C., State-Foreign Operations; and Susan Collins, R-Maine, Transportation.

 

 

Around the Country

Deadline Approaching for Reporting Water Use in Voluntary Metering Program Delta Farm Press

The deadline for reporting water use from flow meters to the Mississippi Department of Environmental Quality is February 1.

 

You Need to Know: About That Drought Huffington Post

After the four-year stretch of record-breaking dry spells, California's government is cracking down on water consumption both for individuals and farms. Now the question is: How will California's drought affect eaters and cooks across the country?

 

 

Science and Technology

New Farm Maps Offer In-Depth Picture of Global Agriculture Live Science

Two new maps released Friday (Jan. 16): One map reveals the world's agricultural lands to a resolution of 1 kilometer, and the other provides the first look at the sizes of the fields being used for agriculture. Both maps are free to download from the "Cropland Capture" game host website, called Geo-Wiki, with online registration.

 

 

Tariffs and Trade

U.S. and Cuba Set to Start Work on Opening Diplomatic Relations Los Angeles Times

At the core of the talks, is the need to establish trust and communication after half a century of the opposite. It will be a precarious path, with hard-liners and naysayers in both countries eager to spoil the rapprochement.

 

White House Targets Dems in Trade Blitz The Hill

President Obama is tasking every member of his Cabinet to round up votes from Democrats for fast-track negotiating power, which would give Obama leverage to complete trade negotiations by preventing Congress from amending his agreements.

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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

Copyright © 2015. Please direct comments or questions to the editor or contact name listed for each story.