Webinar series to cover rice markets
By Dave Edmark
The Cooperative Extension Service
U of A System Division of Agriculture
* Three sessions to be offered Nov. 12 and 19
* Rice executives and USDA economist to lead sessions
FAYETTEVILLE, Ark. – Rice markets and associated technology will be the topics of three installments of the Food and Agribusiness Webinar Series on Nov. 12 and 19. The online events are free and presented by the University of Arkansas System Division of Agriculture and the Farm Service Agency.
The sessions are:
- “Helping to Meet Global Demand for Food with Hybrid Rice Technology,” presented by Michael A. Gumina, global CEO of RiceTec AG, at 10 a.m. Central time Nov. 12. This webinar will provide an overview of the current and future role of hybrid rice technology in global food production. It will review the impact that hybrid rice has had on the U.S. market, the adoption of hybrid rice in the global market and a forecast of the evolution of hybrid rice over the next 20 years. Registration is at http://bit.ly/1RIpqeR.
- “Peak Rice and 2016 Rice Market Considerations Before Making That Planting Decision,” presented by Milo Hamilton, president of Firstgrain, and Stuart Hoetger, economic consultant to Firstgrain, at 2 p.m. Central time Nov. 12. Global rice statistics suggest an inability of global rice production to keep pace with consumption. The implications of tighter stocks on long and medium grain markets will be discussed. The key to 2016 Southern long grain acreage expansion will be Asian rice prices. The 2016 rice market considerations before making that planting decision will be reviewed in detail. Registration is at http://bit.ly/1SDrW6R.
- “Deep Freeze For Grain Markets? Managing Risk and Margins in a Difficult Marketing Year,” presented by Bryce Knorr, senior grain market analyst at Farm Futures, at 2 p.m. Central time Nov. 17. Knorr will discuss the prospects for rallies headed into 2016 and what should growers be doing to manage risk and margins in a difficult year. Registration is at http://bit.ly/1iUSH9U.
- “U.S. and Global Rice Markets Face Tighter Supplies in 2015-16,” presented by Nathan Childs, agricultural economist at the U.S. Department of Agriculture Economic Research Service, at 2 p.m. Central time Nov. 19. Current supply and demand estimates for both the U.S. and global rice market will be presented as well as U.S. price forecasts. The 2015-16 U.S. market is being impacted by a smaller crop, rising U.S. prices and a widening price difference over Asian competitors. Adverse weather in several major exporting countries has reduced the global supply outlook and pushed prices higher. Registration is at http://bit.ly/1NmH2cq.
The University of Arkansas System Division of Agriculture offers all its Extension and Research programs and services without regard to race, color, sex, gender identity, sexual orientation, national origin, religion, age, disability, marital or veteran status, genetic information, or any other legally protected status, and is an Affirmative Action/Equal Opportunity Employer.
Media Contact: Mary Hightower
Dir. of Communication Services
U of A Division of Agriculture
Cooperative Extension Service