Grain & Soybean Date: November 14, 2012

Soybeans

Local Elevators:
(Nov) EAST AR:  1398 to 1425
(NC) Summ. 1432 to - - -
River Elevators:
(Nov) MISS: 1458 to 1470 ; AR & White 1395 to 1444
(NC) Summ. 1425 to 1470
Ark. Processor Bids: (Nov) 1425 to 1445  (NC) 1445 to - - -
Memphis:  (Nov) 1469 3/4 to 1471 3/4 (NC)  1286 to - - -
Riceland Foods:  (Nov) Stuttgart 1425 ; Pendleton 1437 
 (NC) Stuttgart 1266 ; Pendleton 1271 

Chicago Futures:	Jan	up	6	at	1424 3/4
	March	up	9 1/4	at	1412 1/4
	May	up	9 1/2	at	1392 1/4
	July	up	9 1/4	at	1385 1/2
	Aug	up	9 1/4	at	1362
	Today's Arkansas LDP rate for soybeans is:				0¢

Soybean Comment
Soybeans closed higher but negative outside markets limited upside and led to a partial retracement of early gains. Dry conditions in South Brazil helped firm soybeans and keep them in a rebound mode. A January close above $14.50 would be a positive technical signal.

Wheat
Cash bid for November at Memphis  870 to 874;

Bids to farmers at Local Elevators	819-834;
River Elevators	824-844;

Chicago Futures:	Dec	up	1 1/4	at	849
	March	up	2 1/4	at	863 3/4
	May	up	2 1/2	at	870 1/2
	July	up	5	at	859 1/4
	Sept	up	5 1/4	at	865 3/4
	Today's Arkansas LDP rate for wheat is:				0¢

Grain Sorghum
Cash bid for November at Memphis  87 to 874;

Bids to farmers at River Elevators	1138-1209;
Today's Arkansas LDP rate for sorghum is:	0¢

Corn

Cash bid for	November at Memphis   773 1/4 to 782 1/4;
	New Crop at Memphis   620 3/4 to 625 3/4;
Bids to farmers at River Elevators	747 to 779

Chicago Futures:	Dec	up	1 3/4	at	747 1/4
	March	up	1 1/2	at	751 1/4
	May	up	2	at	748 3/4
	July	up	2 3/4	at	740 1/4
	Today's Arkansas LDP rate for corn is:				0¢

Grain Comment
Wheat was a bit higher across the board today, with new crop contracts leading the way. The condition of the crop is the focus of the market, and deterioration in HRW country has traders already expecting a larger-than-average number of abandoned acres. July is building on support at the recent low of $8.38.

Corn continued to inch higher with expiring December holding just below $7.50. Good export sales and inspections are a positive. Long term resistance at $7.75 will be difficult to surpass without significant export demand. New crop December continues to work higher with resistance starting at $6.40 and then $6.65.

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Cotton & Rice  Date: November 26, 2012

Cotton

Spot Price, Grade 41 Staple 34:	Memphis unchanged - - - at  69.62
	Greenwood unchanged  - - - at 69.62

New York Futures:	Dec	up	143	at	7126
	March	up	119	at	7262
	May	up	124	at	7345
	July	up	118	at	7440
	Oct	up	118	at	7608
This week's LDP rate for cotton is					0 cents
	The estimate for next week is				0 cents

Cotton Comment
Cotton retraced late losses from last week to move back to the top of a very narrow sideways consolidation area. Cotton will have a difficult time moving higher with demand remaining stagnant and supplies large. Smaller plantings in 2013 will help, but it may take more than that to give the market a chance to move higher.

Rice

Long Grain Cash Bid for	Nov	1352/cwt	to	- - -
	NC	1424/cwt	to	- - -

Chicago Futures:	Jan	down	11 1/2	at	1492
	March	down	12	at	1523 1/2
	May	down	11 1/2	at	1552 1/2
	July	down	5	at	1574
	Sept	down	5	at	1523 1/2
Today's Arkansas LDP rate for long grain rice is					0¢
medium grain rice is					0¢

Rice Comment
Rice was lower despite fairly good recent export movement. Mills are fully scheduled into the new year but sales have been generally limited to a few select areas. Long term big Thai supplies are a problem especially this rice will move is a big question. For now upside potential appears limited.

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Cattle & Hogs  Date: November 26, 2012

Cattle
As reported by Federal-State Market News, receipts were - - - head at sales in - - -.  Compared with last week, feeder steers - - - .

Steers:
Medium & Large Frame 1	- - -	to	- - - lbs.	- - -	to	- - -
	- - -	to	- - - lbs.	- - -	to	- - -
	- - -	to	- - - lbs.	- - -	to	- - -
Medium & Large Frame 2	- - -	to	- - - lbs.	- - -	to	- - -
Heifers:
Medium & Large Frame 1	- - -	to	- - - lbs.	- - -	to	- - -
Medium & Large Frame 2	- - -	to	- - - lbs.	- - -	to	- - -

Slaughter Cows, Boners - - -   to   - - -
Light Weight - - - to - - -
Bulls, Yield Grade   - - -   - - -   to   - - - lbs.   - - -   to   - - -
Midwest Steers   were   at   127.00   to   128.00
Panhandle Steers   were   at   126.00   to   128.00

Oklahoma City Feeders
Steers	450	to	500 lbs.	177.00	to	189.00
	500	to	550 lbs.	162.00	to	172.00
Heifers	500	to	550 lbs.	139.00	to	148.50
	550	to	600 lbs.	139.00	to	143.00

Chicago Futures:

Live Cattle:	Dec	down	55	at	12840
	Feb	down	32	at	13240
Feeders:	Jan	down	52	at	14735
	March	down	32	at	15010

Cattle Comment
Cattle futures were lower across the board. Live cattle futures were lower on profit taking after big gains during the past few trading sessions. Feeders were pressured by weakness in live cattle and stronger corn prices.

Hogs
Peoria: were     steady   at   50.50   to   51.00

Chicago Futures:	Dec	steady	- - -	at	8247
	Feb	down	40	at	8697

Hogs Comment
Hog futures ended mixed. December futures moved to a new 7+ month high today. However, the upside from here will likely be limited as futures are now more than $4.50 premium to cash prices.

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Poultry  Date: November 26, 2012

Eggs

New York:	Ex. Lg. 138-142; Lg. 136-140; Med. 111-115;
Chicago:	Ex. Lg. 131-139; Lg. 129-137; Med. 104-112;

National Turkeys

Hens:	8-16 lbs	106.15
Toms:	16-24 lbs	108.52

Delmarva Broilers
U.S. Grade A
Prices are trending steady to firm for whole broiler/fryers. Offerings are light to moderate for current trade needs. Demand into retail and food service channels is mostly moderate entering the week. Market activity is moderate. In production areas, live supplies are moderate at mixed, but mostly desirable weights.