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Daily Market Report Archive

Due to the holiday, we will not have a Daily Market Report on July 04, 2014.

Soybeans

HighLow
Cash Bids14041282
New Crop11741082
 

Riceland Foods

 
Cash BidsStuttgart: 1137Pendleton: 1144
New CropStuttgart: - - - Pendleton: - - -
 

Futures:
SOYBEANS
High Low Last Change
Jul '14 1399.75 1387.00 1387.75 -4.75
Aug '14 1321.50 1297.25 1299.75 -15.00
Sep '14 1186.00 1164.50 1166.75 -13.50
Nov '14 1147.50 1132.75 1133.50 -8.00
Jan '15 1155.25 1141.00 1142.00 -7.75
Mar '15 1164.00 1149.50 1150.00 -8.00
May '15 1170.75 1157.25 1158.00 -7.50
Jul '15 1177.75 1163.25 1165.00 -8.00
Aug '15 1172.00 1163.75 1162.50 -8.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybean prices closed lower again today as the November contract closed down almost a dollar from last Fridays close after Monday’s USDA report forecast record soybean acreage in the US. While declines of recent weeks have pushed prices into over sold territory, weak fundamentals will likely limit any potential gains in this market and likely push prices to test February lows of $10.88. Much like with corn, large supplies could push stocks sharply higher and lead to soybean prices at or below $10 not only for this year but also for 2015.



Wheat

HighLow
Cash Bids565501
New Crop622597
 

Futures:
WHEAT
High Low Last Change
Jul '14 568.75 559.75 568.00 +6.25
Sep '14 581.00 572.00 579.50 +4.00
Dec '14 605.00 595.25 603.75 +5.50
Mar '15 629.25 619.00 627.50 +5.75
May '15 643.75 634.00 642.25 +5.25
Jul '15 654.50 644.50 652.75 +3.75
Sep '15 662.75 653.75 662.25 +3.00
Dec '15 672.00 664.25 672.50 +1.75
Mar '16 678.25 +1.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices continued to strengthen today thanks to technical signals, which pushed wheat back over $6. While wheat prices have little fundamental support to move higher as large supplies and weak demand continue to plague this market this market is oversold and due some gains. Look for this market to try and test resistance at $6.12.



Grain Sorghum

HighLow
Cash Bids439362
New Crop463347
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids448403
New Crop413369
 

Futures:
CORN
High Low Last Change
Jul '14 420.25 416.25 417.00 -1.50
Sep '14 414.00 409.00 409.50 -2.75
Dec '14 419.75 414.50 415.25 -2.75
Mar '15 430.75 426.00 426.75 -2.50
May '15 438.00 433.75 434.25 -2.50
Jul '15 444.75 440.75 441.25 -2.50
Sep '15 444.00 441.50 442.25 -1.50
Dec '15 446.50 443.75 445.00 +0.25
Mar '16 455.75 454.25 454.50 0.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices continued to decline today as the market down some 32-cents following Monday's bearish USDA report. The prospect for higher prices remains bleak, as record production is forecast for 2014. While there has been some flooding in the Midwest it is no expected to have a major impact on the crop. With large supplies will come large stocks, which will continue to push prices sharply lower, not only 2014, but also into 2015.



Cotton

Futures:
COTTON
High Low Last Change
Jul '14 - - - - - - 76.22 -0.47
Oct '14 72.23 71.52 71.79 -0.47
Dec '14 72.62 71.52 72.06 -0.41

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

Cotton futures were trading lower. All cotton acreage is now estimated to be 11.4 million acres. That is up 3% from the previous USDA estimate and up 9% from a year ago. Upland cotton is up 10% at 11.2 million while American Pima is down 11% at 178,000 acres. Expectations for weakening demand also factor in heavily to today’s price action. December is now trading at its lowest level in a year. The market charted another leg down today, but found support at 72.51 for the time being.



Rice

HighLow
Long Grain Cash Bids- - -1283/cwt
Long Grain New Crop- - -- - -
 

Futures:
ROUGH RICE
High Low Last Change
Jul '14 1500.0 1499.5 1455.0 -11.0
Sep '14 1368.0 1357.0 1358.0 -11.0
Nov '14 1384.0 1378.0 1379.0 -9.5
Jan '15 1396.0 1396.0 1395.5 -10.0
Mar '15 1412.5 -10.5
May '15 1413.0 -10.5
Jul '15 1418.0 -10.5
DTN Click here for info on Exchange delays.

Rice Comment

Rice futures were trading mixed today. USDA says that U.S. farmers have seeded 3.05 million acres of rice, up 22% from 2013 and up 6% from the previous estimate. Long grain plantings are estimated to be 2.33 million acres, with medium and short grain at 685,000 acres and 31,000 acres respectively. Arkansas farmers are estimated to have seeded 1.571 million acres of rice. The stocks report showed a total of 50.4 million hundredweight in all positions. On farm stocks were 4.83 million hundredweight and off farm stocks totaled 45.5 million cwt. USDA said that for the week ended June 29, 69% was in good to excellent condition. Weekend flooding in parts of Arkansas, though, will likely result in a much different picture in next week’s report. September fell to a new low of $13.40 last week but is now attempting to build on support at that level.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Aug '14 155.325 154.075 155.325 +3.000
Oct '14 157.600 156.325 156.850 +1.175
Dec '14 156.800 155.500 155.975 +0.400
Feb '15 156.350 155.250 155.650 +0.175
Apr '15 156.975 156.000 156.100 -0.025
Jun '15 149.500 148.800 148.800 +0.050
Aug '15 148.125 147.850 147.900 0.000
Oct '15 150.475 149.975 149.700 0.000
Dec '15 150.000 150.000 149.500 0.000
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Aug '14 218.875 216.575 218.300 +2.100
Sep '14 219.500 217.500 218.875 +1.325
Oct '14 219.475 217.450 219.250 +1.875
Nov '14 219.200 217.575 218.775 +1.525
Jan '15 214.025 212.475 213.825 +1.550
Mar '15 211.950 210.500 211.850 +1.300
Apr '15 211.700 211.150 211.750 +1.300
May '15 211.875 210.750 211.650 +1.400
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

August live cattle prices closed sharply higher again today. At some point this market will see a technical correction; however tight supplies and cheaper feed will limit losses, and help push prices higher in the near to medium term



Hogs

Futures:
LEAN HOGS
High Low Last Change
Jul '14 131.775 131.000 131.375 +0.575
Aug '14 132.075 130.450 131.800 +1.450
Oct '14 116.750 115.225 116.675 +1.575
Dec '14 102.850 101.325 102.600 +1.550
Feb '15 96.000 94.600 96.000 +1.650
Apr '15 95.300 94.150 95.250 +0.900
May '15 94.800 94.075 94.500 +0.350
Jun '15 96.200 95.600 96.000 +0.125
Jul '15 93.500 93.150 93.250 0.000
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