Farmers Dealing with Heavy Rains, Cooler Temperatures

Volume 18, Issue 20

May 21, 2021

In This Issue:

Farmers Dealing with Heavy Rains, Cooler Temperatures
Washington, DC Update
See Who's Already Registered for RMTC
Updated Calendar of Events

View as Webpage

Farmers Dealing with Heavy Rains, Cooler Temperatures

Poor weather conditions in the lower delta wreaked havoc on planting this week, dragging out the end of planting in Texas and Louisiana. In fact, so much rain has fallen that there were reports of growers sending seed back and simply collecting prevented planting insurance for the balance of their acres. Arkansas was reported 87% completed in the latest crop progress report, however, growers in the area believe the crop to be closer to 95% planted. Acre projections are still rather unstable, but the latest consensus for Arkansas is that acres will be right around 1 million, inclusive of medium grain. The story is similar throughout the US, where rice acres are coming under pressure from either competing crops or adverse weather conditions. It is becoming increasingly apparent that rice acres will end lower than what the trade and the USDA originally estimated.

In general, the southern rice-growing states are in their final stages of planting, as is California. At this point, the crops all look good with only minor concerns of cooler temps and overcast conditions in the Southern Delta and up into Arkansas. As a result, rice emerged is down almost across this board from the historical averages. California, the only real exception, is ahead of schedule due to growers being able to plant quickly and without impediments.

Total long-grain export demand was down over 13% year over year last week, but due to a decent bump in sales, demand was reported to be only down 9.6% year over year. Meanwhile, total demand for US medium and short-grain rice was down just 4% against last year.

Key global exporters saw prices fall this week as Thai 100% B dipped $15 per ton, while other Asia exporters softened to a smaller degree. Aromatic or specialty varieties took the biggest hit this week, such as Hom Mali which slipped $30 per ton. In South America, export prices were able to stand their ground and were unchanged from last week.

Futures sentiment shifted downward this week as both open interest and prices ebbed lower. The crop will be more thinly traded this year on lower output and as some traditional markets look to alternative markets with greater supplies. Nearby contracts are reflective of slowing demand and the further out contracts suggest less decisive demand for new crop.

Jewel Bronaugh's Nomination as Deputy Secretary of Ag is Cleared for Senate Floor Consideration

On Wednesday, May 19^th, the U.S. Department of Agriculture announced the appointment of Meryl Harrell as Deputy Under Secretary for Natural Resources and Environment (NRE) and the appointment of Terry Cosby as Chief of the Natural Resources Conservation Service (NRCS). They will begin their positions on Monday, May 24.

Meryl Harrell most recently served as the Executive Director of the Southern Appalachian Wilderness Stewards. She has also served as a consultant, advising non-profits, foundations, and government agencies working to conserve America's public and private working lands. During the Obama-Biden Administration, Harrell spent eight years in the Office of Natural Resources and Environment at USDA, including serving as Chief of Staff and then Senior Advisor to the Under Secretary. Harrell previously worked on public land issues at The Wilderness Society in Washington, D.C. Harrell is a graduate of the Yale Law School, where she studied environmental law. Harrell is originally from New Jersey and more recently based in Atlanta, Georgia.

Terry Cosby began his career with USDA in 1979 as a student trainee in Iowa. Cosby was raised on a cotton farm in Tallahatchie County, Mississippi. The farm, now in his family for three generations, was purchased by his great-grandfather in the late 1800s. Cosby has served over 42 years with the agency in numerous capacities, most recently, Acting Chief of NRCS and State Conservationist for Ohio. Prior to serving as Ohio State Conservationist, he served in leadership positions in Iowa as an Area Resource Conservationist, in Missouri as an Assistant State Conservationist for Field Operations, and Idaho as a Deputy State Conservationist. Cosby holds a Bachelor of Science degree in Agriculture Education from Alcorn State University, the first Black land grant college established in the United States.

Known as the most widely attended conference in the Western Hemisphere, the Rice Market & Technology Convention taking place July 6-8, 2021, at the Woodlands Resort, just north of Houston, Texas is gaining attention from companies around the world!

Join The Companies Already Registered:

1944, Suriname

ADECO AGROPECUARIA, Argentina

ADM Rice, Inc., USA

AGI, Canada

AGI - Ag Growth International, Canada

AGRI TECHNOLOGY SOLUTIONS, USA

Agricola Valle de Quebro, Panama

Agrocomercial Los Samanes Srl, Dominican Rep.

Agroindustrial Tio, Dominican Republic

Agroindustrias Mayton, S.A., Guatemala

Agroindustrias Santa Maria, Mexico

Agropecuaria Santa Lastenia, S. A., Nicaragua

AGROSILOS SA, Panama

Alantrade/Riceland, Colombia

AMVT LLC, USA

ANINSA, Costa Rica

Arrocera Palacios, Nicaragua

Arrozeira Pelotas Ind. E Com. De Cereais, Brazil

Asociación Cultivadores de Arroz, Uruguay

Black River Commodities LLC, USA

Brookshire Rice Sales & Marketing, USA

Buhler Inc., Mexico

Bühler Uk Ltd., United Kingdom

Buhler, Inc., USA

Buhler-Eurolub, Costa Rica

Buhler-Group Germany, Germany

Buhler-Labtronic, Guatemala

BUNGE, Guatemala

Caribbean Commodities Corporation, USA

Chief Agri, USA

COMERCIALIZADORA COLUMBIA SAPI DE CV, Mexico

Comercializadora Isabel S.A. de C.V., Mexico

COOPAVA, Dominican Republic

Corporación Arrocera Nacional, Costa Rica

Cotecna Inspection, USA

Damboriarena Escosteguy SRL, Uruguay

Delta Technology Corp., USA

Derrick Corporation, USA

Eladia S.A., Paraguay

EURICOM SPA, Italy

Farmers Rice Milling Association, USA

Farmers Rice Milling Co., USA

FERTITERRA, Dominican Republic

Firstgrain, Inc, USA

GARCIA GRAIN TRADING, USA

Gaviagro, Colombia

Gilscot Guidroz Intl Inc, USA

Glencore Agriculture, Uruguay

Granja Sementes Terra Dura, Brazil

Hansen-Mueller Co., USA

Hermanos Palacios, S.A., Panama

Horizon Ag LLC, USA

INAGRINCA, CA, Venezuela

INDARROZ, Costa Rica

Indigo Ag, Inc., USA

INDUHORST CIA. LTDA., Ecuador

INDUSTRIAS MOLINERAS, S.A. DE C.V., Honduras

INGENIERIA MEGA S.A., Argentina

Integradora De Arroceros dl Costa d. N, Mexico

Interglo, Costa Rica

Interra International, LLC, USA

Kellogg Company, USA

La Casa de los Alimentos, Nicaragua

Louisiana Independent Rice Producers Assn., USA

Mexicana de Arroz SA de CV, Mexico

MICROBES BIOSCIENCES, USA

MOLINO SAN PABLO, Panama

MYSILO GRAIN STORAGE SYSTEMS TRADE, Turkey

NOVARROZ-Produtos Alimentares SA, Portugal

Nutrien Ag Solutions, USA

Omnia Trading, Brazil

Paoloni y Cia S.R.L., Argentina

Pari Foods Inc, USA

pgd engenharia rural, Brazil

Poinsett Rice & Grain, USA

Premier Grain Cleaner Co., USA

Primoris Belgium, Belgium

Rice Exchange, USA

RiceTec, USA

Riviana Foods Inc., USA

Russell Marine Group, USA

SAJ RICE GROUP INC, Guyana

SAMAN, Uruguay

Satake USA Inc., USA

Southern Belle Acadia Rice Mill, USA

Southern Brown Rice, USA

SUPREME RICE LLC, USA

Swiss Agri Trading SA, Mexico

Texas A&M University, USA

Texas Rice Council, USA

The Russell Marine Group, USA

The Wright Group, USA

TRC Delta, USA

TRC Group, USA

TRC Trading Corporation, USA

TSGC - Tri-States Grain Conditioning, Inc., USA

Visit www.RiceMTConvention.com

Rice Outlook

Nathan W. Childs, coordinator

U.S. 2021/22 Rice Production Projected at 203.6 Million Hundredweight

May 14, 2021

Report Update Friday

Burma: Rice Trade - Monthly

In May 2021, Burma’s rice exports are forecast to decline with the expectation of the continued closure of Burma-China border checkpoints to prevent the spread of COVID-19. However, the official rice exports are expected to increase due to the appreciation of foreign currencies against the Myanmar Kyat. Domestic prices for Emata 25 percent broken rice and superior quality Shwe Bo Pawsan rice are forecast to increase in May due to increased local demand.

May 11, 2021

Thailand: Rice Price - Weekly

Export prices for white and parboiled rice are still trending upward, increasing 2-3 percent from the previous week, with new inquiries from African markets and increased demand for glutinous rice from Asian markets.