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Daily Market Report Archive

Soybeans

HighLow
Cash Bids13461310
New Crop13201307
 

Riceland Foods

 
Cash BidsStuttgart: 1307Pendleton: 1307
New CropStuttgart: 1099 Pendleton: 1124
 

Futures:
SOYBEANS
High Low Last Change
Mar '14 1296.75 1275.25 1277.00 -2.50
May '14 1282.00 1261.00 1262.50 -2.50
Jul '14 1268.75 1248.75 1250.25 -2.00
Aug '14 1229.50 1211.50 1212.75 -4.25
Sep '14 1163.50 1147.50 1149.00 -4.75
Nov '14 1120.75 1107.50 1108.75 -4.25
Jan '15 1125.50 1113.75 1114.25 -4.25
Mar '15 1129.75 1118.25 1118.75 -4.25
May '15 1130.00 1122.25 1120.00 -4.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybeans made a rebound effort in early dealings today, but wound up 2-4 cents lower. Huge losses on Tuesday have left the charts looking weak. March has a downside objective of the January low of $12.62 ½, while May has support at $12.50. New crop November could be headed for a retest of support between $10.55 and $11. Rains in Argentina are improving yield prospects there. U.S. acreage is widely expected to be up 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 it would open the downside risk in the market.



Wheat

HighLow
Cash Bids606551
New Crop582551
 

Futures:
WHEAT
High Low Last Change
Mar '14 578.00 561.50 570.00 +8.75
May '14 584.25 568.25 576.25 +8.25
Jul '14 589.75 574.00 582.25 +8.25
Sep '14 598.00 584.50 590.50 +7.75
Dec '14 610.75 595.50 603.25 +7.50
Mar '15 619.25 609.25 613.50 +7.25
May '15 613.50 +6.00
Jul '15 609.50 600.00 604.50 +4.50
Sep '15 609.75 +3.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices strengthened today on technical buying. While fundamentals remain unchanged with large global supplies and weak prices rose today. These gains will likely be short lived as the market continues to have no fundamentals support for higher prices. While corn and soybeans battle for acreage, look for wheat to remain on the sidelines and see little benefit to any potential gains in these markets.



Grain Sorghum

HighLow
Cash Bids481476
New Crop----
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids454429
New Crop451431
 

Futures:
CORN
High Low Last Change
Mar '14 431.25 425.75 429.00 +2.75
May '14 437.00 432.25 435.25 +2.25
Jul '14 442.75 438.25 441.25 +2.25
Sep '14 446.50 442.00 444.50 +2.00
Dec '14 451.25 446.75 449.25 +1.75
Mar '15 460.50 456.75 459.00 +1.75
May '15 466.75 463.00 465.25 +1.75
Jul '15 470.75 466.75 469.00 +2.00
Sep '15 462.00 462.00 461.75 +1.50
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices closed higher today. Nearby contracts continue to find support in the strengthening demand. Basis levels remain firm, as exports and ethanol demand remain strong. Look for the corn and soybean contract for the fall to follow each other closely in the coming weeks as the market works to ensure adequate corn and soybean acreage is planted in 2014.



Cotton

Futures:
COTTON
High Low Last Change
Mar '14 88.15 86.95 87.33 -0.51
Jul '14 88 87.18 87.54 -0.13
Dec '14 79.72 79.12 79.31 -0.13

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

Cotton prices fell slightly again today on technical selling. December cotton remains unable to top the 80-cent level again retreating lower just before reaching 80-cents. With two down days this market may be looking to move lower towards support near 82-cents.



Rice

HighLow
Long Grain Cash Bids- - -1493/cwt
Long Grain New Crop- - -1353/cwt
 

Futures:
ROUGH RICE
High Low Last Change
Mar '14 1549.5 1540.0 1543.0 -7.5
May '14 1555.0 1551.5 1552.5 -2.0
Jul '14 1530.5 1530.0 1538.0 +0.5
Sep '14 1427.0 1427.0 1428.0 +4.0
Nov '14 1390.0 1387.0 1402.0 +12.0
Jan '15 1404.0 +12.0
Mar '15 1404.0 +12.0
DTN Click here for info on Exchange delays.

Rice Comment

Rice prices ended mixed with old crop contracts under pressure. While U.S. demand for rice remains good, large global supplies and increased export competition are limiting U.S. export opportunities. With news that the Thailand government is selling rice at a loss, look for U.S. exports to remain suppressed. Resistance for March is last week’s spike high of $15.74. Support begins at $15.36.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Feb '14 144.575 142.675 143.825 +0.150
Apr '14 142.350 140.275 140.550 -1.250
Jun '14 133.975 132.175 132.400 -1.125
Aug '14 131.600 130.050 130.400 -1.250
Oct '14 134.600 132.775 133.125 -1.150
Dec '14 135.500 133.925 134.250 -1.175
Feb '15 135.675 134.275 134.600 -1.100
Apr '15 135.650 135.125 135.550 -1.250
Jun '15 131.800 131.350 132.200 +1.000
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Jan '14 170.775 169.900 170.275 -0.200
Mar '14 170.750 169.050 169.725 -0.650
Apr '14 171.150 169.575 170.175 -0.800
May '14 171.700 170.225 170.700 -0.800
Aug '14 172.600 171.150 171.700 -1.100
Sep '14 171.500 170.325 170.600 -0.900
Oct '14 170.500 169.275 169.900 -0.300
Nov '14 170.000 168.925 169.450 -0.450
DTN Click here for info on Exchange delays.

Arkansas Prices
Charlotte Livestock Auction
Green Forest Livestock Auction
Ratcliff Livestock Auction

Oklahoma City
El Reno Livestock Market, El Reno, OK

Cattle Comment

Cattle prices ended the day mostly lower. Tight supplies combined with record boxed beef prices continue to support prices, as has recent weakness in corn prices. Nearby futures are extremely overbought at this point. February seems to have run into resistance at $144.55 for now, and that could signal that a correction is near.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Feb '14 86.000 85.075 85.500 -0.050
Apr '14 93.625 92.150 92.900 -0.075
May '14 100.275 99.700 100.075 -0.125
Jun '14 102.375 101.525 101.950 -0.050
Jul '14 100.850 100.100 100.500 +0.025
Aug '14 98.550 97.850 98.175 +0.100
Oct '14 84.600 84.050 84.375 -0.050
Dec '14 79.850 79.400 79.750 +0.200
Feb '15 80.850 80.500 80.775 +0.075
DTN Click here for info on Exchange delays.

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