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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 Bids1070971
New Crop10621042
 

Riceland Foods

 
Cash BidsStuttgart: 1040Pendleton: 1040
New CropStuttgart: 1005 Pendleton: 1010
 

Futures:
SOYBEANS
High Low Last Change
Jan '15 1040.00 1024.00 1035.00 +8.00
Mar '15 1049.00 1032.25 1043.25 +8.00
May '15 1055.75 1039.00 1050.25 +9.25
Jul '15 1061.50 1045.00 1056.00 +9.25
Aug '15 1055.25 1047.75 1053.75 +9.25
Sep '15 1037.75 1030.25 1034.50 +9.50
Nov '15 1025.00 1008.25 1019.75 +10.25
Jan '16 1030.00 1017.50 1025.25 +10.00
Mar '16 1028.50 1025.50 1030.75 +9.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybean price continued to move higher today. Another round of good export sales both for this year and next remains supportive for prices. Prices continue to be supported by strong demand, but at some point focus will turn to the supply side of this market. Large stock increases forecast in the U.S. and expectations for another record crop in South America, these prices could loose support quickly.



Wheat

HighLow
Cash Bids653564
New Crop619594
 

Futures:
WHEAT
High Low Last Change
Mar '15 677.00 645.75 655.25 +6.75
May '15 676.75 648.25 656.75 +6.00
Jul '15 666.00 643.25 654.00 +7.25
Sep '15 672.50 650.00 660.75 +6.75
Dec '15 681.25 658.25 670.00 +6.50
Mar '16 677.50 664.00 675.50 +4.75
May '16 664.50 658.00 669.25 +5.00
Jul '16 645.00 631.50 638.75 -1.25
Sep '16 641.50 -1.50
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat continue to defy the fundamentals and move higher. While the Russian situation is supportive wheat prices are well above where fundamentals would dictate given the large supplies both here in the U.S. and other countries. With wheat prices moving into overbought territory we could see a correction in this market a 23% retracement would put support at $6.26, while a 38% retracemenet would provide support at $6.01.



Grain Sorghum

HighLow
Cash Bids488369
New Crop498498
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids417388
New Crop417393
 

Futures:
CORN
High Low Last Change
Mar '15 414.00 407.00 411.00 +2.75
May '15 422.25 415.50 419.50 +3.00
Jul '15 429.00 422.00 426.25 +3.00
Sep '15 431.00 424.25 428.50 +3.25
Dec '15 437.25 431.25 434.75 +2.75
Mar '16 444.75 439.25 443.00 +2.75
May '16 450.00 445.00 448.75 +2.75
Jul '16 454.25 448.50 452.50 +2.75
Sep '16 440.00 437.25 439.00 +1.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices continued higher today. While this weeks export sales report was nothing spectacular, it was still within trade expectations. The market continues to move higher on support from outside markets and some technical support. Prices are are testing resistance at $4.35 if they manage to break this the next resistance will be at the 13 week high of $4.37. Look for prices to likely see declines tomorrow as traders take some profit from the recent rally.



Cotton

Futures:
COTTON
High Low Last Change
Mar '15 60.99 60.18 60.82 0.17
May '15 61.45 60.62 61.39 0.23
Dec '15 64.58 63.95 64.56 0.13

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

Cotton posted gains today. March again tested resistance at 61 cents but once again was unable to break through. Support is the contract low of 58.53. The monthly supply/demand report held a mixed bag. Domestic production was cut by 474,000 bales to 15.923 million. However, that number was overshadowed by record-setting world ending stocks of 108.08 million bales.



Rice

HighLow
Long Grain Cash Bids- - -1160/cwt
Long Grain New Crop- - -1132/cwt
 

Futures:
ROUGH RICE
High Low Last Change
Jan '15 1212.5 1204.5 1211.0 -0.5
Mar '15 1235.0 1226.5 1233.0 -0.5
May '15 1255.5 1255.5 1260.5 -0.5
Jul '15 1276.0 -2.5
Sep '15 1212.5 -1.5
Nov '15 1209.0 +4.5
Jan '16 1210.0 +4.5
DTN Click here for info on Exchange delays.

Rice Comment

Rice futures continue to consolidate above support, which for January is around $12 and for March near $12.26. Resistance on any rebound will be $12.86 ½ for March. Burdensome world stocks continue to limit the upside potential. The domestic supply/demand estimates were unchanged in the latest report except for a 1 million hundred weight increase in exports that carried directly over into a 1 million cwt. Decrease in ending stocks. Average farm prices were lowered by 20 cents on either end, with the estimate now standing at $14-$15 per cwt.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Dec '14 159.425 155.950 159.250 +2.825
Feb '15 158.825 155.100 158.825 +3.000
Apr '15 158.550 154.875 158.550 +3.000
Jun '15 151.175 147.900 151.175 +3.000
Aug '15 148.275 145.550 148.275 +3.000
Oct '15 150.525 146.850 150.500 +2.975
Dec '15 151.075 148.250 151.050 +2.975
Feb '16 150.775 148.550 150.750 +2.750
Apr '16 151.000 149.500 150.400 +1.650
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Jan '15 220.250 212.100 218.875 +2.275
Mar '15 216.400 207.750 215.150 +2.900
Apr '15 216.600 207.600 215.300 +3.200
May '15 216.925 207.925 216.350 +3.925
Aug '15 216.725 208.650 216.725 +4.500
Sep '15 216.625 207.700 216.600 +4.475
Oct '15 216.600 207.600 216.600 +4.500
Nov '15 214.500 208.000 214.500 +2.000
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

Livestock prices found technical support today. Losses over the last few weeks have left prices oversold and due a recovery. Cattle prices closed near limit up today, if this is a correct look for prices to have resistance at 159.5, followed by 164. If this is not and prices decline further they have support near 152.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Feb '15 82.900 80.275 81.850 +1.375
Apr '15 84.025 81.700 83.200 +1.300
May '15 87.450 86.500 87.400 +1.450
Jun '15 91.175 88.700 90.525 +1.625
Jul '15 90.575 88.325 89.700 +1.175
Aug '15 89.450 87.725 89.100 +1.375
Oct '15 77.500 76.050 77.275 +0.825
Dec '15 73.275 71.700 72.950 +0.700
Feb '16 74.175 74.150 74.175 +0.550
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