USA Rice Daily, Wednesday, Nov. 3, 2010
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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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Wednesday, November 3, 2010
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| Historic Election Alters Agriculture Committees |
 WASHINGTON -- When the 112th Congress convenes in January, the House and Senate Agriculture Committees' membership will reflect the historic Republican House majority and the narrow Democrats' Senate edge after yesterday's election. The results will have powerful implications for farm, budget, trade, tax, and environmental legislation, and for regulatory activism.
Although some House and Senate races still are undecided, the known election results will usher in new House and Senate Agriculture Committee chairmen.
Rep. Frank Lucas (R-OK) is expected to lead the Agriculture Committee's new Republican majority. Sens. Debbie Stabenow (D-MI) and Kent Conrad (D-SD) are two senior Agriculture Committee members whose names are mentioned to succeed current Chairman Blanche Lincoln (D-AR), who was defeated by Rep. John Boozman (R-AR).
As a result of the elections, at least 15 of 28 House Agriculture Committee Democrats have lost their seats. All of the 18 committee Republicans won their elections, including Rep. Jerry Moran (R-KS), who was elected to the Senate.
USA Rice Federation will continue to work with the Agriculture and other key committees during the remaining days of the 111th Congress and is preparing for the 112th Congress.
Contact:
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
, (703) 236-1451 |
CCC Rough Rice Prices Unchanged
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WASHINGTON -- The Department of Agriculture's Commodity Credit Corporation announced the following prevailing world market prices of milled and rough rice, adjusted for U.S. milling yields and location, and the resulting marketing loan gain (MLG) and loan deficiency payment (LDP) rates applicable to the 2010 crop, which became effective today at 7 a.m. Eastern time. Prices are unchanged from the previous announcement.
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World Price
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MLG/LDP Rate
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Milled Value ($/cwt)
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Rough ($/cwt)
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Rough ($/cwt)
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Long-Grain
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19.10
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12.53
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0.00
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Medium-/Short-Grain
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18.84
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12.67
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0.00
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Brokens
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13.52
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This week's prevailing world market prices and MLG/LDP rates are based on the following U.S. milling yields and the corresponding loan rates:
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U.S. Milling Yields
Whole/Broken
(lbs/cwt)
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Loan Rate
($/cwt)
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Long-Grain
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57.76/11.06
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6.50
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Medium-/Short-Grain
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60.95/8.79
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6.50
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The next program announcement is scheduled for Nov. 10. |
| CME Group/CBOT Rice Futures Closing |
CME Group (Preliminary): Closing Rough Rice Futures for Nov. 3
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Month
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Price
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Net Change
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Nov. 2010
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$14.245
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+ $0.235
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Jan. 2011
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$14.545
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+ $0.225
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March 2011
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$14.82
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+ $0.23
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May 2011
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$15.075
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+ $0.23
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July 2011
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$15.15
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+ $0.22
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Sept. 2011
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$14.545
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+ $0.295
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Nov. 2011
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$14.405
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- $0.035
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| In the News |
Middle East Trade Mission, Day One
California Rice Commission blog -- (USA Rice Federation mentioned)
USA Rice Federation Announces 'Bowl Us Over' Contest Winners
Taste Magazine Cincinnati
Producers Rice Mill CEO: Crop Quality Forces Pool Termination
Delta Farm Press -- (Rice mentioned)
USDA to Re-Establish Agricultural Trade Advisory Committees
U.S. Department of Agriculture press release -- (Rice not mentioned)
Rain Further Delays Rice, Grape, Nut Harvests
California Farm Bureau Federation
LaMalfa, Leading Gill by Wide Margin, Set to Become State Senator
Chico Era Enterprise, CA -- (Rice mentioned)
Rice Farmers Sought For Lacassine NWR
Sulpher Daily News, LA
Vilsack Discusses Ways to Help Agriculture
USDA YouTube channel -- (Rice not mentioned)
NRCS Announces Farm Bill Financial Assistance Program 2010 Results
Wallace's Farmer
Texas Crop, Weather: Rains Help, But Much of State on the Dry Side
Cattle Network
Info Burden for NPDES Pesticide Permit Estimated at 1 Million+ Hours a Year
AgriNet -- (Subscription required, rice not mentioned)
Rice Mill to Reopen in 2011
ABC News, Australia
Non-Basmati Rice Decline on Increased Supply
Yahoo News India |
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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,
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Associate Editor: Rob Yunich, (703) 236-1444,
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Fax (703) 236-2301
4301 North Fairfax Dr.
Suite 425, Arlington, VA 22203-1616.
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 © 2010. Please direct comments or questions to the editor or contact name listed for each story. |
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