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Arkansas Farm Bureau Daily Commodity Report

A comprehensive daily commodity market report for Arkansas agricultural commodities with cash markets, futures and insightful analysis and commentary from Arkansas Farm Bureau commodity analysts.

Noteworthy benchmark price levels of interest to farmers and ranchers, as well as long-term commodity market trends which are developing. Daily fundamental market influences and technical factors are noted and discussed.

Soybeans

HighLow
Cash Bids974899
New Crop929854
 

Riceland Foods

 
Cash BidsStuttgart: - - -Pendleton: - - -
New CropStuttgart: - - - Pendleton: - - -
 

Futures:
SOYBEANS
High Low Last Change
Jul '15 942.50 922.75 924.25 -14.25
Aug '15 933.75 915.00 916.25 -13.50
Sep '15 924.50 906.50 907.50 -12.75
Nov '15 923.25 906.00 907.00 -11.50
Jan '16 930.25 913.75 914.75 -10.75
Mar '16 935.75 919.75 920.75 -10.25
May '16 939.75 924.00 925.00 -10.25
Jul '16 945.00 929.75 930.50 -10.75
Aug '16 935.50 935.50 930.00 -10.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybean prices closed sharply lower. Large global supplies and weak demand remain a drag on the market. New crop is just a few cents from support near $9. With improved planting conditions this weekend, this market could come under additional pressure, especially if rumors surface of farmers planting additional acres.



Wheat

HighLow
Cash Bids494457
New Crop535494
 

Futures:
WHEAT
High Low Last Change
Jul '15 529.00 511.00 515.25 -6.75
Sep '15 536.50 518.25 523.00 -6.50
Dec '15 549.75 532.00 537.00 -5.50
Mar '16 563.25 545.25 551.50 -4.25
May '16 571.00 554.00 560.25 -3.50
Jul '16 575.25 558.75 564.50 -3.50
Sep '16 567.25 567.25 573.25 -2.75
Dec '16 595.75 582.00 588.75 -2.25
Mar '17 599.25 -2.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices continue yo-yo up and down as traders can’t decide the news to trade. The expectations remain that recent weather likely hurt this year’s crop; however, demand for wheat remains dismal. Look for prices to hold above $5, for the near, however, the downside remains much greater than the upside given the stronger dollar and lack of international demand for U.S. wheat.



Grain Sorghum

HighLow
Cash Bids425425
New Crop446407
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids385355
New Crop377344
 

Futures:
CORN
High Low Last Change
Jul '15 367.75 359.75 360.00 -5.00
Sep '15 374.00 366.25 366.75 -4.75
Dec '15 384.75 377.00 377.75 -4.50
Mar '16 395.00 387.75 388.25 -4.50
May '16 402.00 395.00 395.25 -4.75
Jul '16 407.25 401.00 401.50 -4.50
Sep '16 401.25 398.75 399.00 -3.25
Dec '16 403.75 399.00 400.00 -2.50
Mar '17 411.00 408.75 410.00 -1.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices continued to slide as the market expects ample supplies in 2015. Prices continue to weaken as we face a strengthening dollar that is expected to impact exports. While export sales showed improvement this week, we are still behind previous years. Corn prices will likely remain weak in coming weeks as the market waits for demand and to see just how big this crop will be.



Cotton

Futures:
COTTON
High Low Last Change
Jul '15 64.12 63.28 63.3 -0.43
Oct '15 65.6 65.35 65.22 -0.5
Dec '15 65.05 64.33 64.38 -0.32

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

Cotton futures were lower across the board. Export sales of 59,300 bales of old crop cotton were up 22% from the previous week. Shipments of 343,300 bales were up 47% from the week prior. New crop sales were a disappointing 36,200 bales. USDA says farmers have seeded 35% of the crop, behind the five year average of 46%. December failed at resistance at 67 cents on Monday but has found support at 64.50 for the time being.



Rice

HighLow
Long Grain Cash Bids- - -- - -
Long Grain New Crop- - -- - -
 

Futures:
ROUGH RICE
High Low Last Change
Jul '15 965.0 942.0 943.0 -18.5
Sep '15 991.0 969.5 970.5 -17.5
Nov '15 996.0 996.0 996.0 -17.5
Jan '16 1022.0 -17.0
Mar '16 1028.5 -17.0
May '16 1028.5 -17.0
Jul '16 1028.5 -17.0
DTN Click here for info on Exchange delays.

Rice Comment

Rice futures ended the week on a negative note. New export sales were a disappointing 10,900 tons, down 47% from the week prior and 83% from the previous 4 week average. Shipments were better, though, at 86,400 metric tons. According to the USDA farmers in Arkansas have seeded 89% of the crop, ahead of the 5 year average of 85%. This is the first week of the year for condition ratings, and USDA says that 66% of the crop is in good to excellent condition nationwide, although that will likely deteriorate due to continued wet weather in the delta. July is building on support at the recent low of $9.25, which is the lowest price for the spot month in over 8 1/2 years. Poor demand could limit the price recovery.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Jun '15 152.675 151.475 152.225 -0.150
Aug '15 151.300 150.025 150.700 -0.200
Oct '15 153.225 151.900 152.750 +0.125
Dec '15 154.575 153.200 154.250 +0.375
Feb '16 154.375 153.050 154.150 +0.400
Apr '16 153.475 152.500 153.350 +0.400
Jun '16 146.650 145.750 146.550 +0.325
Aug '16 144.000 143.150 144.000 +0.200
Oct '16 145.750 145.750 145.750 +0.250
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Aug '15 219.200 217.025 218.900 +1.175
Sep '15 218.175 216.125 217.850 +1.025
Oct '15 217.150 215.325 216.825 +0.925
Nov '15 216.400 214.600 215.950 +0.825
Jan '16 210.550 208.825 210.250 +1.000
Mar '16 208.075 207.525 209.300 +1.200
Apr '16 209.050 207.500 209.050 +1.050
May '16 208.000 208.000 208.000 +0.100
DTN Click here for info on Exchange delays.

Arkansas Prices
Arkansas Weekly Livestock Summary

Cattle Comment

Cattle prices were mostly higher despite some bearish price reports early. Strong demand remains the driver for this market; however, at some point the strengthening dollar will likely make traders nervous and could push price lower.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Jun '15 84.125 83.500 83.850 +0.075
Jul '15 84.300 83.575 84.025 +0.175
Aug '15 84.125 83.475 84.000 -0.075
Oct '15 74.275 73.575 74.275 +0.350
Dec '15 70.300 69.825 70.250 +0.050
Feb '16 72.400 71.800 72.300 +0.250
Apr '16 74.600 74.175 74.475 +0.100
May '16 78.150 +0.100
Jun '16 81.000 80.550 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