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Friday, February 20, 2015

Vilsack, Moran, Conaway and Other VIPs Headline USA Rice's Government Affairs Conference         

 
Ag Secretary Tom Vilsack 
ARLINGTON, VA -- The USA Rice Federation Government Affairs Conference starts Monday, February 23, in Washington, DC with an impressive list of important and powerful ag speakers, including Secretary of Agriculture Tom Vilsack.

 

Conference participants will also hear from Senator Jerry Moran (R-KS), the new chairman of the Senate Appropriations Subcommittee for Agriculture, Rural Development, and Food and Drug Administration; House Agriculture Committee Chairman Mike Conaway (R-TX) and Ranking Member Collin Peterson (D-MN).

 

Mike Taylor, Deputy Commissioner for Foods at the Food and Drug Administration, and Phil Karsting, Administrator at the Foreign Agriculture Service will also speak during the event.

 

The annual conference is an opportunity for USA Rice members to meet with Members of Congress and government agencies to share rice industry priorities.

 

"The 114thCongress was sworn in earlier this year with 64 brand new Members and significant changes on committees," USA Rice Vice President of Government Affairs Ben Mosely explained.  "We will use this Government Affairs Conference to make a major advocacy push and educate these decision makers on the areas that are important to U.S. rice."

 

The latest Rice Leadership Development Class will be honored during the event, and conservation partners USA Rice and Ducks Unlimited will co-sponsor a Congressional lunch on Tuesday, February 24.

 

Contact:  Julie Vieburg (703) 236-1467

Weekly Rice Sales, Exports Reported        

WASHINGTON, DC -- Net rice sales of 98,200 MT for 2014/2015 were down 22 from the previous week, but up 24 percent from the prior four-week average, according to today's Export Sales Highlights report.  Increases were reported for Japan (37,700 MT), Colombia (31,500 MT), Mexico (21,500 MT), Honduras (5,800 MT), and Taiwan (5,300 MT).  Decreases were reported for Saudi Arabia (6,300 MT). 

Exports of 16,800 MT were down 37 percent from the previous week and 78 percent from the prior four-week average.
  The primary destinations were Mexico (9,600 MT), Canada (2,600 MT), Saudi Arabia (1,500 MT), South Korea (1,300 MT), and Yemen (900 MT).


This summary is based on reports from exporters from the period February 6-12.
CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for February 20

Month
Price
Net Change
March 2015$10.790
- $0.010
May 2015$11.040
+ $0.010
July 2015$11.290
+ $0.015
September 2015$11.320
+ $0.015
November 2015$11.475
+ $0.015
January 2016$11.565
+ $0.015
March 2016
$11.565
+ $0.015

In the News 

Around the Country

Nixon to Explore Opportunities for Agricultural Trade with Cuba Southeast Missourian

At a roundtable discussion with farmers and agriculture industry representatives Feb. 13 in a rice storage warehouse in Stoddard County, Missouri, Nixon and the participants overall signaled optimism about the possibility of trade with Cuba but weren't without questions and doubts about the barriers.

 

West Coast Ports Talks Break for Night Without Deal Reuters

Shipping executives and union leaders for dockworkers at 29 West Coast ports ended a third straight day of contract talks late on Thursday without a settlement, despite arm-twisting from the U.S. labor secretary, but planned to meet again on Friday.

 

 

Science and Technology

Agriculture Giants Boost Cybersecurity to Shield Farm Data Wall Street Journal

Seed and chemical companies have long guarded their technology with patents and security measures, but the expanding array of farm-level data collected by high-tech combines and other farm equipment in recent years has increased concerns that the sector will become a bigger target of hackers.

USA Rice Daily Index of Articles, February 17-19
USA Rice Shines Spotlight on Key Competitors' Excessive Subsidies
Japan Announces 13th Ordinary Import Tender for FY 2014

Wednesday, February 18
Yet Another Deadline Looms:  Sign-Up for Conservation Stewardship Partnership by February 27
Revenue Protection Not Offered in 2015 Rice Crop Insurance Policies
Japan Announces 8th SBS Tender in FY 2014

Tuesday, February 17
In Memory:  Lee Adams
Farm Bill Sign-Ups, Domestic Promotion, and Trade Featured at Mississippi Rice Council
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