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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 Bids1006912
New Crop982957
 

Riceland Foods

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

Futures:
SOYBEANS
High Low Last Change
Nov '14 972.00 956.00 957.00 -14.50
Jan '15 979.75 964.25 965.25 -14.25
Mar '15 987.00 971.50 972.75 -14.25
May '15 994.25 978.50 979.50 -14.75
Jul '15 1000.50 984.75 985.50 -15.00
Aug '15 999.25 987.50 988.25 -14.50
Sep '15 990.00 977.00 977.75 -14.50
Nov '15 985.25 970.00 970.50 -14.75
Jan '16 985.00 975.00 975.50 -14.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybean prices fell sharply today, despite continued fresh export sales from China. While these large sales would typically help support prices they were expected by the market. With talk now of another bushel or more being added to supplies, the market now fears soybean stocks of more than 500 million bushels. If these supplies are realized, prices could quickly move to $9 or below. We are still awaiting a low in this market, it could take some time for the market to find this as we are log ways away from completing harvest.



Wheat

HighLow
Cash Bids446400
New Crop513466
 

Futures:
WHEAT
High Low Last Change
Dec '14 488.25 473.75 474.50 -14.00
Mar '15 505.25 490.25 491.00 -14.75
May '15 515.75 502.25 502.50 -14.75
Jul '15 525.25 511.50 512.00 -14.00
Sep '15 536.50 524.50 525.00 -13.25
Dec '15 552.50 542.00 541.75 -13.50
Mar '16 562.50 562.00 552.50 -12.75
May '16 558.25 -10.75
Jul '16 558.00 556.00 556.00 -7.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices saw another big selloff putting in new contract lows. Weak global demand combined with large supplies continues to pressure prices. U.S. wheat remains less competitive on the global market as it is more expensive than foreign wheat, large supplies in Russia and Europe continue take marketshare from U.S.



Grain Sorghum

HighLow
Cash Bids358288
New Crop348348
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids328287
New Crop----
 

Futures:
CORN
High Low Last Change
Dec '14 338.25 331.50 331.50 -6.75
Mar '15 350.75 344.00 344.25 -6.50
May '15 359.00 352.75 353.00 -6.25
Jul '15 366.00 359.75 360.00 -6.25
Sep '15 373.25 367.25 367.50 -6.50
Dec '15 384.00 378.25 378.50 -5.75
Mar '16 393.75 387.75 387.75 -6.00
May '16 400.50 394.25 394.50 -6.00
Jul '16 404.50 398.75 399.25 -5.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices continue to weaken. With the increases in demand the USDA has forecast in the last couple of months, the market only expects marginal increases to be made if any as we move forward. This means any additional demand will have to go straight to ending stocks. With prospects rising to for this years crop we could see stocks increase well above 2 billion bushels. Barring some type of significant weather event, world corn supplies are expected to be very comfortable for the next few years. It is unlikely we will see any significant gains in prices look for corn to bottom out around $3 and stay there for a awhile.



Cotton

Futures:
COTTON
High Low Last Change
Oct '14 65.81 65.38 65.99 -0.91
Dec '14 65.12 63.7 64.39 -0.66

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

December cotton posted losses today, violating trendline support near 64.60 cents in the process. This potentially brings support at 62 cents back into play. Disappointing export sales of only 75,000 bales this week added to the negative undertone. Harvest pressure and large global stocks continue to limit the upside potential.



Rice

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

Futures:
ROUGH RICE
High Low Last Change
Nov '14 1270.5 1256.0 1270.0 +8.0
Jan '15 1288.5 1275.5 1289.0 +8.0
Mar '15 1302.0 1299.0 1306.5 +7.0
May '15 1325.0 +5.5
Jul '15 1343.0 +5.5
Sep '15 1301.5 +5.5
Nov '15 1301.5 +5.5
DTN Click here for info on Exchange delays.

Rice Comment

November rice ended the week on a positive note. Export sales of 30,700 tons were seen as positive. Global supplies remain plentiful, and coupled with harvest pressure, have the potential to limit the upside. Nationwide, 36% of the crop has been harvested. November now has resistance at Friday’s high of $12.88 with support at $12.40 and $12.20.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Oct '14 156.325 155.050 155.675 +0.075
Dec '14 159.500 158.250 158.975 +0.050
Feb '15 160.600 158.950 160.450 +1.075
Apr '15 159.675 157.975 159.600 +1.175
Jun '15 151.300 150.125 151.300 +0.950
Aug '15 149.325 148.475 149.325 +0.825
Oct '15 151.000 150.200 151.000 +0.500
Dec '15 151.000 150.400 150.750 +0.300
Feb '16 150.850 150.300 150.000 0.000
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Sep '14 231.175 229.900 230.050 +0.150
Oct '14 229.150 227.400 228.975 +1.275
Nov '14 226.675 224.700 226.550 +1.625
Jan '15 221.000 219.450 220.850 +1.150
Mar '15 219.375 218.200 219.050 +0.600
Apr '15 219.450 218.500 219.100 +0.775
May '15 219.000 218.025 218.800 +0.650
Aug '15 219.175 218.275 219.175 +1.075
DTN Click here for info on Exchange delays.

Arkansas Prices
Arkansas Weekly Livestock Summary

Cattle Comment

Cattle prices posted marginal gains today. The market remains cautious as it awaits this afternoon cattle on feed report. The report is expected to show continued tight supplies, and help support prices, but traders await USDA confirmation before they push prices significantly higher.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Oct '14 105.975 104.125 105.975 +3.000
Dec '14 95.500 94.400 94.900 +1.100
Feb '15 92.000 90.100 91.000 +0.250
Apr '15 91.175 89.350 90.000 -0.300
May '15 91.150 90.500 91.100 +0.500
Jun '15 94.200 93.075 93.550 +0.150
Jul '15 92.550 91.450 91.000 0.000
Aug '15 90.100 88.925 89.250 0.000
Oct '15 77.750 76.750 77.200 -0.800
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