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Daily Market Report Archive

Soybeans

HighLow
Cash Bids13951300
New Crop13451341
 

Riceland Foods

 
Cash BidsStuttgart: Pendleton:
New CropStuttgart: Pendleton:
 

Futures:
SOYBEANS
High Low Last Change
Mar '14 1318.50 1305.50 1316.50 +1.50
May '14 1298.50 1288.00 1297.25 +1.00
Jul '14 1283.50 1273.25 1282.00 +0.75
Aug '14 1242.50 1234.25 1241.25 0.00
Sep '14 1175.00 1164.25 1171.50 +1.00
Nov '14 1129.00 1116.00 1125.00 +2.75
Jan '15 1133.25 1121.75 1130.25 +2.50
Mar '15 1136.25 1127.75 1135.00 +2.75
May '15 1134.00 1131.25 1136.00 +2.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

March soybeans posted modest gains today, to close the week up around 15-cents. Continued strong export demand for U.S. soybeans, combined with concerns over weather conditions in Argentina provided the necessary support to help soybeans maintain gains. Reports from Informa today indicate think soybean acres will be 81.264 million acres in 2014, while this is 36,000 acres below their previous estimate, it is up 4.731 million acres from 2013. If these acreage gains and normal yields are realized the tight soybean supplies we continue to discuss would likely be solved. With global stocks already at comfortable levels, if U.S. stocks were to increase then price could potentially collapse. Nearby soybeans have resistance at $13.50, and November soybeans face resistance at $11.30.



Wheat

HighLow
Cash Bids618490
New Crop618618
 

Futures:
WHEAT
High Low Last Change
Mar '14 574.25 562.75 563.50 -9.25
May '14 581.25 569.50 570.50 -9.25
Jul '14 587.50 576.00 577.00 -9.50
Sep '14 595.00 584.75 585.75 -9.50
Dec '14 607.75 597.50 598.50 -9.25
Mar '15 614.50 608.00 608.75 -8.25
May '15 611.00 -7.75
Jul '15 611.00 607.00 605.75 -8.50
Sep '15 618.00 618.00 612.00 -9.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Nearby wheat prices posted new 3-year lows and July wheat posted new contract lows. While weather remains a concern in parts of the wheat belt, ample supplies continue to be the focus of traders. Weakness in outside markets particularly the corn market make gains in wheat difficult to maintain. Look for price to move even lower in the coming weeks, and July wheat could likely test $5.25 or even $5 before we harvest our winter wheat crop in Arkansas. With the USDA reporting basis levels between 1 over and 50 under producers should shop buyers in their region to ensure the best price.



Grain Sorghum

HighLow
Cash Bids482403
New Crop----
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids456423
New Crop451444
 

Futures:
CORN
High Low Last Change
Mar '14 428.00 422.25 424.00 -4.00
May '14 435.25 429.75 431.75 -3.75
Jul '14 441.50 436.50 438.50 -3.25
Sep '14 446.00 441.50 443.25 -3.25
Dec '14 452.00 447.50 449.00 -3.25
Mar '15 461.75 457.75 458.75 -3.50
May '15 468.00 464.50 465.25 -3.00
Jul '15 471.25 469.00 470.00 -2.50
Sep '15 463.50 462.50 462.75 -3.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices fell again today. Prices closed the week down more than a nickel from where they began the week. While we thought last week’s USDA report would support bullish gains this week, disappointing export numbers on Monday seemed to set the tone for the rest of week. Gains may become increasingly difficult for this market moving forward as sharp declines in soybeans has eroded the corn-soy ratio to the level that some private firms are now showing less declines in corn acreage in 2014, corn acreage is projected at 93.3 million acres verses their previous estimate of 91.85 million acres. The market needs U.S. corn acres to be closer to 92 million acres than 93 million acres to prevent significant yield declines. While much of the news in the market this week was bearish for prices pushing them towards support at $4.20, news out of Argentina of hot dry conditions could begin to help provide some support for corn as their corn crop will likely be affected more than their bean crop.



Cotton

Futures:
COTTON
High Low Last Change
Mar '14 87.14 85.89 86.80 0.61
May '14 87.29 86.09 87.05 0.65
Jul '14 86.50 85.50 86.36 0.49

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

Cotton prices continue to rally and close at 87-cents. Continued strong exports of U.S. cotton continue to support cotton prices. Next year’s cotton is also rallying as December cotton rose to 80-cents today, but closed just off those highs. With the recent gains in cotton prices Informa increased its cotton production to 10.88 million acres, up 223,000 acres from their December forecast. Cotton prices continue to strengthen as demand remains strong, but uncertainty remains as we wait to see where China’s cotton policy will move in 2014. These price gains are offering producers a good starting point to begin pricing cotton for 2014. Another cotton acreage estimate will be released next month at the National Cotton Council meeting and has historically been an excellent indicator for cotton acreage.



Rice

HighLow
Long Grain Cash Bids
Long Grain New Crop
 

Futures:
ROUGH RICE
High Low Last Change
Mar '14 1569.5 1555.5 1560.0 +2.0
May '14 1566.5 1560.0 1563.0 +1.0
Jul '14 1543.5 1541.5 1543.5 +4.0
Sep '14 1429.0 1426.0 1429.0 +6.0
Nov '14 1401.0 +2.0
Jan '15 1401.0 +2.0
Mar '15 1401.0 +2.0
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Rice Comment

Rice prices saw modest increases today after yesterday’s decline. While U.S. demand for rice remains good, large global supplies and increased export competition are limiting U.S. export opportunities as seen in yesterday’s export sales report. With news that the Thailand government is selling rice at a loss, look for U.S. exports to remain suppressed. Resistance for March is Monday’s spike high of $15.74. Support begins at $15.36.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Feb '14 140.500 139.300 140.300 +0.150
Apr '14 139.450 138.300 139.250 +0.025
Jun '14 131.500 130.625 131.400 +0.125
Aug '14 129.500 128.750 129.400 0.000
Oct '14 132.625 131.975 132.500 -0.100
Dec '14 133.725 133.050 133.400 -0.550
Feb '15 133.875 133.375 133.725 -0.125
Apr '15 134.700 134.200 134.450 -0.550
Jun '15 130.800 +0.400
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Jan '14 170.075 169.375 169.850 +0.050
Mar '14 168.275 167.300 167.850 -0.400
Apr '14 169.000 168.175 168.650 -0.625
May '14 169.825 169.000 169.500 -0.400
Aug '14 170.950 170.275 170.575 -0.575
Sep '14 170.100 169.575 169.800 -0.600
Oct '14 169.200 168.975 169.050 -0.450
Nov '14 169.050 168.725 168.975 -0.775
Jan '15
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Arkansas Prices
Arkansas Weekly Livestock Summary

Cattle Comment

Cattle prices continue to move higher and set new records. Tight supplies combined with record boxed beef prices continue to support prices.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Feb '14 87.000 85.475 86.075 -0.800
Apr '14 92.350 91.175 91.850 -0.400
May '14 99.600 98.925 99.550 -0.050
Jun '14 101.775 101.100 101.650 -0.100
Jul '14 100.275 99.775 100.125 -0.200
Aug '14 98.050 97.625 97.925 -0.050
Oct '14 84.675 84.350 84.400 -0.550
Dec '14 79.900 79.575 79.600 -0.350
Feb '15 80.975 80.775 80.825 -0.075
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Hog Comment



Shell Eggs

Daily Midwest Regional Eggs
Daily New York Eggs

National Turkeys

Weekly Weighted Average Prices for Whole Young Turkeys

Delmarva Broilers

Daily Southern Broiler/Fryers