Agfax Buzz:
    May 2, 2014
    mature-rice-heads-03172014-featured

    Rice Crop: Planting Progress Good in LA and TX, Slow Going in The Delta

    AgFax.Com - Your Online Ag News Source

    From The Rice Advocate, USRPA

    Texas

    Planting in Texas is making good progress. NASS had the state 79% seeded as of last weekend, compared to 90% average. With a larger percentage of the acreage now east of Houston, this is not surprising, although the odds of a successful second growth are diminished from this point forward.

    Texas A&M reports as of today that planting is 85% done, with the east side at 80%. Statewide, emergence stands at 75%, which is very close to the 5-year average. After weeks of showers, some rain would be welcomed at this point. Wheat harvest has begun in the Valley.

    Old crop stocks are reported to be about 500,000 cwts still in first hands. Some bidding and trading was reported this week at $8.50 to $9.30 premium per cwt fob farm. ARI has released a new crop bid at $7.00 over loan plus market increases through December, which did not generate a lot of excitement.

    Cool and dry conditions have not been ideal for plant development, and several farmers report that fields planted with hybrid seed may need to be replanted.

    Louisiana

    South Louisiana growers report that the crop “looks good” and is finished planting. Old crop unsold stocks are approaching zero, and one of the large mills found it necessary to go into Texas to buy a substantial amount of long grain rough in the past few days.

    If any old crop long grain is still left, it will bring $25.00 per bbl fob farm. New crop long grain continues to see interest at $23.50 per bbl delivered mill or barge facility or $23.00 per bbl fob farm – still no commitments from sellers that we can confirm.

    New crop medium grain is still being booked at $25.00 per bbl fob farm. Northeast Louisiana has been troubled by rain and is behind on planting, as is most of the Delta.

     The Delta – Arkansas, Missouri, Mississippi

    The Delta region missed most of the flooding and extreme weather that plagued the southeast this week, but planting has been seriously delayed.

    As of the past weekend, NASS puts Mississippi at only 24% planted, compared to 56% average. Arkansas is a bit better at 47%/61%, while Missouri stands at 45%/55%. Were it not for air seeding, the numbers would be much lower.

    The region needs to dry out and warm up to get seed in the ground. With corn above $5.00 per bushel and soybeans at $12.50 or more, rice is not at the top of anyone’s list of preferred crops. There is some strength in old crop long grain, which  is seeing bids between $7.00 per bu and $7.30 per bu fob farm, depending on the farm’s location.

    New crop is prorated to be bid at $13.77 cash ($6.20 per bushel), or 86.5 cents under the November futures. Old crop is said to be bid at $6.85 per bushel, but traded as high as $7.30 per bushel farm gate this week.

    California

    The snow pack in California is only 19% of normal this week, and the best guess in the market is for a 25%-30% reduction in planted acres. That is 125,000-150,000 less acres of Calrose, which is likely more than the increase in medium grain acres that have been or will be planted in the south.

    The medium grain market promises to be very interesting this marketing year. The increase in medium grain acreage in Arkansas and Lousisiana comes, of course, at the expense of long grain acres.

    Given that the industry needs to get through at least least the next 90 days before there is any new crop rice available, there might even be a bit of action in long grain values.

    Full report.


    Tags: , , , , , , , , ,

    Leave a Reply

    Name and Email Address are required fields. Your email will not be published or shared with third parties.

    Agfax Rice News

    Chicago Board of Trade Closed Monday, Labor Day – September 18-29

    Rice Crop: Looking for a Normal Crop, Not a Bumper8-29

    Rice Market: Being Short Tricky but Being Long Takes Patience8-29

    Arkansas Rice: Drier Weather Lets Combines Hit Fields8-29

    AFB Rice Close: Futures Chart New Leg Down8-29

    Arkansas: Flood Damage to Crops Valued at $35.6M8-29

    Farm Payments to Stakeholders Rise as Gov. Payments Decline – USDA8-29

    Young Farmer in Your Future? – Helping Him or Her is Key to Success. – DTN8-29

    Net Farm Income Forecast to Fall,10.6% Decline Crop Value – USDA8-29

    Keith Good: Corn, Soybean Farmers May Face Financial Pinch in 20158-29

    AFB Rice Close: Futures Lower Across the Board8-28

    Missouri Rice: Managing Fall Armyworms8-28

    Missouri: Moth Trap Data for Bootheel Pests8-28

    Rice Harvest Eases Into Gear In Midsouth – AgFax8-28

    Farm Drones Under Scrutiny: Farmers Impatient for FAA Ruling – DTN8-28

    AgFax Rice Review: China Could Be Big U.S. Market; Drip Irrigation Good for Yields, Environment8-28

    Farm Program Decisions Hinge on Uncertain 2014 Crop Prices8-28

    John Deere Lays Off 460 from Waterloo, Iowa Factory8-28

    U.S. Energy: Retail Gas Prices Follow Crude Prices Lower8-28

    Gasoline Prices: Decline by 2 Cents8-28

    Propane Stocks: Up to 74.7M Barrels8-28

    Diesel Prices: Average Drops a Penny8-28

    Keith Good: Map Controversy Puts EPA on Defensive about Water Rule8-28

    AFB Rice Close: Mostly Higher with Slight Losses in Sept.8-27

    Louisiana: Rice Farmers Learn Latest on LSU Disease Research8-27

    Farm Groups Map Waters to Block Clean Water Act Changes – DTN8-27

    Southwest May Face ‘Megadrought’ This Century, Say Scientists8-27

    Rough Rice: Stocks Down 13 Percent from August 2013 — USDA8-27

    Keith Good: Net Farm Income Forecast at $113.2B, Down 13.8% from 20138-27

    DTN Fertilizer Trends: Prices Unlikely to See Significant Declines8-26

    AFB Rice Close: Trades Lower withing Yesterday’s Range8-26

    Your Farm Business and the Affordable Care Act8-26

    Texas Crop Weather: Watch for Armyworms in Heading Sorghum8-26

    Keith Good: Farm Incomes, Capital Spending Show Decline in 2nd Quarter8-26

    AFB Rice Close: Futures Post Gains8-25

    Missouri: Corn, Soybeans Making Good Progress — USDA8-25

    Arkansas: Harvest Begins in Limited Areas, Rice Fields Being Drained – USDA8-25

    Texas: Crops Make Good Progress, Harvests Underway in Some Areas – USDA8-25

    Louisiana: Harvest Progresses Despite Rain Delays – USDA8-25

    Arkansas: Rice Research Verification Program Update8-25