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O/ T/ How is rice bought sold

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J Schwiebert

04-12-2008 16:44:07




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Need this for my substitute teaching job. I didn't have an answer. How is rice bought and sold, by the bushel? by the hundred weight, Other? What is current market price? Thanks in advance. J.




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Larry59

04-13-2008 07:11:22




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 Just a little humor in truth! in reply to J Schwiebert, 04-12-2008 16:44:07  
Been down in Newport Arkansas many times in the rice area. I have always wondered why mosquito’s are not sold by the pound down there. lol lol They even spray every night in the town trying to keep them down some. Far as I am concern it don't help! lol They use the top of my bold head for a a landing strip at times. lol



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Kevin Bismark

04-12-2008 20:10:15




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 Re: O/ T/ How is rice bought sold in reply to J Schwiebert, 04-12-2008 16:44:07  
Where are you buying and selling rice at, makes a lot of difference, mainly by the kilo in the philippines 40 piso a kilo, little under a dollar,suppose here in the us you would buy it by the ton in large truck loads if you really wanted to buy it when we are here in the states we must buy it 25 pounds at a time in the store...



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s.crum

04-12-2008 19:31:02




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 Re: O/ T/ How is rice bought sold in reply to J Schwiebert, 04-12-2008 16:44:07  
At work we buy it on contract by the truck load. Average is 46,000 lbs per load. Both brown rice and brewers (shorts) rice. Incidently I've checked the bushel weight on many loads and it usually averages 95 lbs to the bushel. Have to keep the feed rate down to avoid overloading the high leg. I let the office people worry about paying for this stuff, so I don't have an idea what the going price is other that all that is grain is gold. Glad people love their dogs!

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TylerARK

04-12-2008 19:01:35




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 Re: O/ T/ How is rice bought sold in reply to J Schwiebert, 04-12-2008 16:44:07  
rough rice is sold by hundredweight, bushel weighs 45 pounds.
yesterdays close on near term futures was right at $20 per hundredweight.
Never Been that high, it will actually break even and maybe make a couple bucks per acre at that.
average yield here in Arkansas is around 160 bushels per acre. average in my county is closer to 180.
but like everything else, the cost of producing it has also went up even quicker.
average around $400 to $600 per acre for fertilizer, lots more for diesel or electricity to keep a flood pumped up all summer on it.
Tyler
Weiner Arkansas-Home of the Arkansas Rice Festival.

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thurlow

04-12-2008 21:15:28




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 Re: O/ T/ How is rice bought sold in reply to TylerARK, 04-12-2008 19:01:35  
So why is some rice 45# and some 95# per bushel. Corn is 56, 70 or 72, depending on cobs, shucks, etc. Can't believe there's 50# of hulls(husks?) in a bushel or rice.



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TylerARK

04-13-2008 09:07:47




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 Re: O/ T/ How is rice bought sold in reply to thurlow, 04-12-2008 21:15:28  
Rough rice (harvested and dried to approx 12 to 13 % moisture) weighs 45 lbs per bushel, 100 pounds of rough rice yields approx 70 lbs of milled rice. 20 percent for the hull, 10 percent for the bran.



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john in la

04-12-2008 19:57:08




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 Re: O/ T/ How is rice bought sold in reply to TylerARK, 04-12-2008 19:01:35  
What are you guys rotating the rice with???
Soybeans??

Around here it use to be cows but now Crawfish is king on many rice farms. And for most crawfish pays the bills and rice is just a hobby or grown because they need a food source in the field for the crawfish.



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TylerARK

04-13-2008 08:34:32




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 Re: O/ T/ How is rice bought sold in reply to john in la, 04-12-2008 19:57:08  
Most in this area rotate with soybeans,
the small crawfish crop raised here is done in old catfish ponds.
Arkansas grows approx 48 percent of the USA's rice and Poinsett County here grows the most acres of any county in the state.



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RayP(MI)

04-12-2008 18:30:22




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 Re: O/ T/ How is rice bought sold in reply to J Schwiebert, 04-12-2008 16:44:07  
By the truckload?



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