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USA Rice Daily - 2/22/2012
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USA Rice Daily, Wednesday, February 22, 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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Wednesday, February 22, 2012
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MSU Scientist Receives Rice Research Award
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2012 Rice Researcher of the Year Tim Walker
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STONEVILLE, MS -- Tim Walker, Mississippi State University (MSU) associate research professor and agronomist at the Delta Research and Extension Center, was recently named the 2012 Rice Researcher of the Year. Walker received the honor at the 15th Annual National Conservation Systems Cotton and Rice Conference in Tunica, MS.
"We are fortunate to have Dr. Walker at the Delta Research and Extension Center," said Steve Martin, professor and head of the center. "His work supports the many farms that grow rice in the Delta region."
Walker has been essential in the development and release of two new rice varieties: Rex and Clearfield. He also evaluates soil test methods and makes recommendations for high-yielding rice and soybean crop systems.
Walker's research focus is on optimum nutrient rates and timings for newly released rice cultivars. He holds a doctoral degree in agronomy from MSU.
Contact: Jamel Jackson, (703) 236-1444
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USA Rice Federation to Host Culinary Student Recipe Competition on March 26
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 TORONTO -- USA Rice Federation launched the Culinary Student Recipe Challenge last fall, which called upon Canadian culinary students to submit an original rice-based recipe.
Five semi-finalist were selected from the 39 entries. A tasting session of those five recipes was conducted to determine the top three finalists who will now compete in the USA Rice Culinary Student Recipe Competition in Toronto on March 26. They will prepare their recipes before a panel of food media judges and culinary professionals. The event will be held at George Brown College in Toronto, one of Canada's premier culinary schools.
Events such as these draw the attention of both professional and aspiring chefs to the versatility of U.S.-grown rice in the foodservice industry.
Contact: Bill Farmer, (281) 391-1178
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| CCC Rough Rice Prices Decrease |
WASHINGTON -- The Department of Agriculture's Commodity Credit Corporation today 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 2011 crop, which will become effective today at 7:00 a.m., Eastern Time (ET). Rough rice prices decreased $0.23 per cwt for long-grain and $0.24 per cwt for medium/short-grain.
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World Price
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MLG/LDP Rate
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Milled Value ($/cwt)
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Rough ($/cwt)
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Rough ($/cwt)
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Long Grain
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17.99
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11.58
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0.00
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Medium/Short Grain
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17.76
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11.99
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0.00
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Brokens
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12.73
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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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55.09/13.13
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6.40
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Medium/Short-Grain
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62.12/7.50
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6.46
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The next program announcement is scheduled for Feb. 29.
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| CME Group/Closing Rough Rice Futures |
CME Group (Preliminary): Closing Rough Rice Futures for Feb. 22.
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Month
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Price
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Net Change
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March 2012
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$13.920
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+ $0.090
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May 2012
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$14.160
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+ $0.090
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July 2012
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$14.435
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+ $0.095
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September 2012
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$14.655
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+ $0.075
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November 2012
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$14.875
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+ $0.045
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January 2013
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$15.130
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UNCH
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March 2013
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$15.430
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UNCH
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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
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 © 2012. Please direct comments or questions to the editor or contact name listed for each story. |
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