USA Rice Daily, Thursday, June 21, 2012
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USA Rice Daily
Up-to-the-Minute News on Issues and Activities
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USA Rice Federation is the global advocate of all segments of the U.S. rice industry with a mission to promote and protect the interests of producers, millers, merchants and allied businesses.
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USA Rice Federation Statement on Passage of Senate Farm Bill (S. 3240)
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WASHINGTON -- The USA Rice Federation is disappointed that the Senate farm bill, the Agriculture Reform, Food, and Jobs Act, includes commodity policies that lock-in profits for some producers in some states while locking-out long-grain rice farmers throughout the Mid-South and Gulf Coast from an effective safety net.
We appreciate the effort made to accommodate the needs of medium-grain rice farmers, and we are very grateful to the senators who tirelessly worked to give rice farmers a voice in this process. Sadly, while the Senate farm bill appears to harm only Southern agriculture, the effects of a long-term decline in crop prices would be felt by producers of all crops because this farm bill would fail them.
USA Rice and its member states support farm policy that provides producers with policy options to tailor their risk management needs. We look forward to House consideration of its farm bill, where the Chairman and Ranking Member of the Agriculture Committee advocate an equitable and effective farm policy that does not guarantee certain farmers profits, does offer producer safety-net options, and will not fail farmers in hard times.
The senators from major rice growing states voted as follows:
Sen. Roy Blunt (R-MO) -- yes
Sen. John Boozman (R-AR) -- no
Sen. Barbara Boxer (D-CA) -- yes
Sen. Thad Cochran (R-MS) -- no
Sen. John Cornyn (R-TX) -- no
Sen. Dianne Feinstein (D-CA) -- yes
Sen. Kay Bailey Hutchison (R-TX) -- yes
Sen. Mary Landrieu (D-LA) -- no
Sen. Claire McCaskill (D-MO) -- yes
Sen. Mark Pryor (D-AR) -- no
Sen. David Vitter (R-LA) -- no
Sen. Roger Wicker (R-MS) -- no
The Senate passed the bill today by a 64-35 vote following days of debate and consideration of over 70 amendments. The House Agriculture Committee will mark up its farm bill on July 11.
Contact: Reece Langley, (703) 236-1471
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USA Rice Millers' Association Welcomes New Associate Member
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 USA Rice Millers' Association welcomes new associate member Central Life Sciences of Schaumburg, IL. Gerry Hutney is the contact.
For information on USA Rice membership, please visit usarice.com or e-mail
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Contact: Kim Broome, (703) 236-1446
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Upcoming Rice Field Days: Mark Your Calendar and Plan to Attend the Event in Your Area
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June 26 -- 38th Eagle Lake Field Day and Program
4:00 p.m.
Texas AgriLife Research and Extension Center
Eagle Lake, Texas
Contact: Dr. Ted Wilson,
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June 28 -- LSU AgCenter Rice Field Day
Field tours from 7:30-9:15 a.m.; program begins at 10:45 a.m. and concludes with lunch
LSU AgCenter Rice Research Station
1373 Caffey Rd., Rayne, LA
Contact: Dr. Steve Linscombe (337) 788-7531 or
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Rice Exports Increase
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WASHINGTON -- Net rice sales of 30,100 metric tons (MT) 58 percent less than the previous week and 34 percent less than the prior four-week average according to today's USDA Export Sales Highlights report. Increases were reported for Mexico (23,200 MT), Haiti (4,000 MT), Saudi Arabia (2,200 MT) and Canada (2,100 MT). Decreases were reported for Ghana (3,600 MT) and Honduras (2,100 MT). Net sales of 3,800 MT for delivery in the 2012/2013 marketing year were reported for Ghana (3,600 MT) and Mexico (200 MT). Exports of 90,900 MT were up noticeably from the previous week and up 55 percent more than the prior four-week average. The primary destinations were Costa Rica (31,700 MT), Mexico (13,900 MT), Japan (13,200 MT), Saudi Arabia (11,600 MT), and Canada (4,400 MT).
This summary is based on reports from exporters for the period June 8-14, 2012.
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| CME Group/Closing Rough Rice Futures |
CME Group (Preliminary): Closing Rough Rice Futures for June 21
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Month
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Price
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Net Change
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July 2012
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$14.335
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- $0.160
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September 2012
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$14.585
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- $0.160
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November 2012
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$14.845
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- $0.160
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January 2013
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$15.115
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- $0.160
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March 2013
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$15.395
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- $0.130
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May 2013
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$15.635
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UNCH
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July 2013
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$15.785
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+ $0.085
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In the News
US Rice Offers Solutions for Gluten-Free Menus
Perishable News -- (USA Rice Federation mentioned, press release)
Ark. Row Crops Moving Toward Early Harvest
Stuttgart Daily Leader, AR -- (Rice mentioned)
Sierra Sun Times, CA -- (California Rice Commission mentioned)
Miami Herald, FL -- (Rice not mentioned)
Atlanta Journal Constitution, GA -- (Rice mentioned, blog)
University Daily Kansan, KA -- (Rice not mentioned)
Agriculture.com -- (Rice not mentioned)
Agri-Pulse -- (Rice not mentioned)
CSPnet.com -- (Rice not mentioned)
The Hill -- (blog)
Western Farm Press
Western Farm Press
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| Mission Statement |
| USA Rice Federation is the global advocate for all segments of the U.S. rice industry with a mission to promote and protect the interests of producers, millers, merchants and allied businesses. |
| About Us |
Editor:
Stacy Fitzgerald-Redd,
(703) 236-1458,
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Associate Editor:
Jamel Jackson,
(703) 236-1444
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Fax (703) 236-2301
2101 Wilson Boulevard, Suite 610
Arlington, VA 22201
This report is time-sensitive, based on information available at press time. Content is derived from facts and sources believed to be reliable. Reprinting and/or distribution may be done with permission of the USA Rice Federation
Copyright © 2012. Please direct comments or questions to the editor or contact name listed for each story. |
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