Riceland Daily Market Review: January 21 2010 | Members Info | Riceland Foods - a rice, soybeans, and wheat marketing co-op

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ROUGH RICE ($/Cwt.)	Monday Jan. 18	Tuesday Jan. 19	Wednesday Jan. 20	Thursday Jan. 21	Friday Jan. 22	Friday Yr. Ago Jan. 23
March 2010	-	13.92	13.49	13.88		13.09
September 2010	-	13.70	13.62	13.54		0.00
SOYBEANS ($/Bu.)
March 2010	-	9.64	9.50	9.54		9.76
November 2010	-	9.39	9.29	9.34		9.83
WHEAT ($/Bu.)
March 2010	-	5.01	4.98	5.00		6.51
July 2010	-	5.27	5.24	5.25		6.52
COTTON (¢/Lb.)
March 2010	-	71.64	70.80	71.85		57.13
May 2010	-	72.75	72.01	73.06		58.13
CORN ($/Bu.)
March 2010	-	3.69	3.68	3.72		4.47
May 2010	-	3.80	3.79	3.83		4.54
RFI Avg. Cash Price for Long Grain Rice ($/Bu.)
Cash Price at Elevator	-	5.67	5.48	5.79		0.00
LDP	-	0.00	0.00	0.00		0.00
Total Cash	-	5.67	5.48	5.79		0.00

Thursday, January 21, 2010

This week the CBOT had seen many of the prices fall due to a stronger dollar, falling crude oil prices, and good crop growing conditions in South America.

Plentiful global supplies and a firm dollar weigh on wheat, but rumors of the market being oversold and the price break this week have landed it some support today. The U.S. winter wheat region has sufficient soil moisture and no threat of cold in the near forecast..

The soybeans had a small technical bounce after plunging to three month lows this week. Firm cash soymeal market and fresh sales to China add support, but the continued good growing conditions in South America overshadow any good news the U.S. has.

The precious metals have seen falling prices this week as well as the grains because of the stronger dollar and falling crude oil.

The weather on the Grand Prairie has been moderate this week. We have had some rain showers, but some sunny days to go along with those. The five day forecast looks the same with some partly cloudy days with slight chances of rain, but a couple of sunny days in there also to even it out.

Please e-mail suggestions or comments about the Riceland Weekly Market Review to riceland@riceland.com.

Cwt. X 2.222 = Bushel
Bushel X 0.45 = Cwt. Metric Ton X 22.046 = Cwt.
Metric Ton X 49 = Bushel $/Cwt. X 0.45 = $/Bu.
$/Bu. X 2.222 = $/Cwt.