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In This Issue:
- Market Update - Arkansas Harvest: No News Good News?
- Washington, D.C. Update
- USRPA's Mollie Buckler Interviewed on the MO Crops Podcast
- Horizon Ag Field Day Shows How Elite Varieties are Redefining Variety Yield Expectations
- Ray Stoesser Memorial Scholarship: Application Available
- Photos from Rice Country
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Progress continues on the construction of the new Agreeta/South Louisiana Rail Facility rice mill, which is still on track to be completed before the end of the year. | |
Market Update - Arkansas Harvest: No News Good News? | |
In the latest crop progress report released by the USDA, Louisiana was pegged at 75% complete which lags the historical average by 5%. Mississippi and Texas are both on pace with their 5-year norms at 23% and 81%, respectively. Missouri and California are taking samples and preparing for harvest which should begin to pick up soon. Moisture levels in Arkansas are still a bit high at 23-25% and the recent dip in temperatures and lower humidity aren’t helping to bring the crop to final maturity. For the 11% of the crop that has been harvested, yield reports have been strong, but there is still a long way to go.
According to various market reports and brokers, cash markets were unchanged throughout the southern United States and even California. The easiest explanation for this is harvest. Currently, growers are fixated on bringing in their rice and determining yields and quality and are participating very little in cash trades. Since this is a seasonal norm, buyers are slow to fuel the market and are also waiting until more crop information comes to light before revising their cash bid.
South American prices have reportedly slid over the past two weeks with Uruguayan rice now trading at $520 FOB or even lower, and Argentine rice trading as low as $480 FOB. Meanwhile, prices in the far east are relatively unchanged, despite India announcing a 20% duty on rice exports and a ban on brokens. This is an attempt to combat soaring food inflation and low rice prices domestically. Considering India accounts for more than 40% of global shipments, this protectionist policy can’t be overstated. World prices have yet to respond, but there is concern that this may be a catalyst for higher grain prices across the board, as China, the largest recipient of India brokens will be forced to import more corn for feed purposes. A duty of 20% would put Indian rice right on par with Thai prices, and above Viet prices by about $20 pmt if prices in both Vietnam and Thailand hold.
The futures market has continued to be a little volatile due to several factors in Asia, not to mention the lack of export data domestically. Reports of heat and flood damage in key rice growing regions in both China and Pakistan has spooked importers; however, some traders believe the loss will be offset by a large global carry over. Considering beginning stocks are up 61.5 million tons since 2013/14 and global consumption is only up 44.8 million tons, it stands to reason that the recent bumper crops and subsequent larger supplies may alleviate some supply concern moving through the new marketing year.
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Senate Committee Favorably Reports McKalip Nomination
On Wednesday, the Senate Committee on Finance favorably reported the nomination of Doug McKalip to serve as Chief Agricultural Negotiator within the US Trade Representative on a unanimous vote. This nomination will now go to the full Senate for confirmation.
Senator Boozman Sends Letter to Secretary Vilsack
This week, Sen. Boozman (R-AR), a ranking member of the Senate Agriculture Committee, sent a letter to Secretary Vilsack of the Department of Agriculture (USDA) expressing concern over recent issues within the Foreign Agriculture Service Export Sales Reporting and Maintenance System. He emphasized the importance of this system to American producers, especially given high inflation and supply chain challenges. In the letter, he called on USDA to prioritize day-to-day functions over political goals. The letter can be found here.
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USRPA's Mollie Buckler Interviewed on the MO Crops Podcast
Mollie recently visited with University of Missouri Extension Specialists Dr. Justin Calhoun and Dr. Justin Chlapecka to discuss the work of the US Rice Producers Association and the Missouri Rice Council.
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Horizon Ag Field Day Shows How Elite Varieties are Redefining Variety Yield Expectations
HARRISBURG, ARKANSAS (Sept. 9, 2022) – From elite Clearfield® varieties redefining yield expectations versus hybrids to how the Provisia® Rice System is the most effective herbicide system for controlling weedy rice, the large gathering of rice farmers and consultants who attended the recent Horizon Ag Arkansas Field Day here heard firsthand how CLL16, new CLL18, and PVL03 enable farmers to make higher yielding, better quality rice.
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Second Annual Ray Stoesser Memorial Scholarship | |
Know current high school seniors, undergraduate, or graduate students pursuing a career in agriculture? Encourage them to apply for the Second Annual Ray Stoesser Memorial Scholarship!
Applications are due Thursday, December 1.
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Thanks to the Twin Lakes Farm II crew from Parkin, Arkansas for sending us this #FlashbackFriday photo! Shot during the 2016 harvest with a 1979 Nikon FE film camera. Send us your harvest photos on Facebook, Instagram, or via email! | | |
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Food and Ag Regulatory and Policy Roundup | | |
Vietnam: Rice Trade - Monthly
This report provides trade data on Vietnam's monthly rice exports by grade and destination and weekly export quotes for rice by grade.
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FAO Rice Price Update
September 2022
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Arkansas Rice Updates
from the
Arkansas Row Crops Blog
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September 17, 2022
Have a RICE Day Cook-Off Competition
Eagle Lake, Texas
More Information
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September 23 - 24, 2022
2022 SE Texas Urban Ag and Farm Safety Summit
by Texas A&M AgriLife Extension Service, Ag & Natural Resources - Harris County
Katy, Texas
More Information
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September 28 - October 1, 2022
Texas Rice Festival
Winnie, Texas
More Information
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October 20 - 23, 2022
The 85th International Rice Festival
Crowley, Louisiana
More Information
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January 18, 2023
Western Rice Belt Conference
El Campo Civic Center, El Campo, Texas
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January 31 - February 1, 2023
26th Annual National Conservation Systems Cotton & Rice Conference
Baton Rouge, Louisiana
More Information
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USRPA does not discriminate in its programs on the basis of race, color, national origin, gender identity, sexual orientation, religion, age, disability, political beliefs, or marital/family status. Persons who require alternative means for communication of information (such as Braille, large print, sign language interpreter or translation) should contact USRPA at 713-974-7423. |
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