WASDE: U.S. Rice Supply & Demand Estimates Are Unchanged This Month.

 

RICE: The U.S. 2016/17 rice supply and demand estimates are unchanged this month. The all rice marketing year average price is also unchanged with the midpoint of the range at $10.50 per cwt. Medium-and short-grain prices are raised slightly.

 

Global rice production is minimally increased to 480.4 million tons with Brazil accounting for all of the increase. World exports are modestly reduced as lower exports by Australia, India, and Vietnam are only partially offset by increases for Brazil and China. Global use is fractionally raised this month, resulting in projected ending stocks declining to 117.7 million tons, which is still the highest level since 2001/02.

 

 

Video: Comparing the Economics of No-Till, Strip-Till & Conventional Systems

Conservation Ag Update, brought to you by Bio-Till Cover Crops, Univ. of Illinois analysts dive into new data from the Precision Conservation Management program, comparing the economic differences between no-till, strip-till and other tillage systems.

Plus, we head to Washington County, Wis., for an update on two farmers who dealt with historic flooding over the summer. Blake Basse credits strip-till and cover crops for helping his cash crops survive the “1,000-year” rain event, while Ross Bishop says his no-till fields are more resilient than his neighbor’s conventional fields.