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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 Bids1069982
New Crop1024950
 

Riceland Foods

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

Futures:
SOYBEANS
High Low Last Change
Jul '15 1034.25 1001.00 1002.00 -31.75
Aug '15 1025.75 989.25 992.00 -30.25
Sep '15 1019.00 982.00 985.25 -30.25
Nov '15 1018.50 981.00 985.75 -29.00
Jan '16 1024.25 987.50 992.25 -28.75
Mar '16 1021.50 985.75 989.75 -28.25
May '16 1011.25 976.50 980.75 -28.50
Jul '16 1010.75 977.00 980.75 -28.25
Aug '16 998.75 973.25 975.25 -27.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybean closed with sharp losses again today. Soybeans continue to give back recent gains as the losses in 3 out of the last 4 trading days has erased 52-cents of the $1.33 gains. While wet weather continues to impact the U.S. crop, yesterday's crop conditions report surprised traders as it left conditions unchanged from last weeks. With forecast improvements in the weather, the current concerns could evaporate quickly and lead to further weakening in soybean prices in the near term. We are unlikely to see prices back at $9 or less like we were seeing in early June as lower yields will reduce supplies and help keep stocks at a more reasonable level.



Wheat

HighLow
Cash Bids590516
New Crop622622
 

Futures:
WHEAT
High Low Last Change
Jul '15 587.75 573.00 579.50 -9.00
Sep '15 593.25 578.25 585.25 -10.25
Dec '15 601.25 586.25 592.75 -11.00
Mar '16 609.75 594.50 600.25 -11.75
May '16 614.25 599.50 604.25 -12.50
Jul '16 609.25 595.00 600.00 -11.25
Sep '16 608.50 604.50 605.50 -12.00
Dec '16 621.75 611.00 614.00 -11.50
Mar '17 624.00 617.00 617.75 -11.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices failed to see the late rally they saw yesterday and closed down today. While the crop conditions continue to decline for both spring and winter wheat, and the crop harvest continues to lag behind the 5-year average, wheat continues have difficulty maintaining gains. As long as outside markets remain weak, wheat will have a difficult time maintaining gains. Additionally, while supply fundamentals remains bullish for prices, demand is bearish as the USDA will add 41 million bushels to old crop stocks, and weak exports could lead even more supplies in the 2015/16 crop.



Grain Sorghum

HighLow
Cash Bids505464
New Crop490455
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids437397
New Crop444385
 

Futures:
CORN
High Low Last Change
Jul '15 416.25 407.75 415.75 -2.75
Sep '15 424.50 415.00 423.25 -3.25
Dec '15 433.50 424.50 433.00 -2.00
Mar '16 443.25 434.50 442.75 -1.75
May '16 448.75 441.00 448.25 -2.00
Jul '16 452.50 445.00 452.00 -1.75
Sep '16 435.25 428.50 433.25 -4.75
Dec '16 438.75 430.50 434.25 -4.00
Mar '17 445.50 439.00 442.50 -4.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices closed with modest losses again today. After yesterday's surprising crop conditions report, corn prices moved sharply lower early, but managed to strengthen before the close and only loose 2-3 cents. The market continues to find support in the wet weather, however, if forecasts hold and conditions improve we could see prices retreat further in coming weeks. Corn prices remain overbought and are starting to loose momentum following last weeks acreage and stocks report. The declining crude oil prices and weak exports of late will likely lead to additional concerns on demand for the fourth quarter moving into 2015-16 marketing year.



Cotton

Futures:
COTTON
High Low Last Change
Jul '15 65.47 65 65.53 -0.9
Oct '15 67.2 65.75 66.41 -0.87
Dec '15 66.97 65.06 65.96 -0.99

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

Cotton futures were sharply lower again today. USDA reported that the U.S. planted only 9 million acres of cotton this season, 18% below the 2014 crop, and down from planting intentions of 9.549 million acres. The percentage of the crop in good to excellent condition improved to 57% this week. December’s continued failure at resistance at 68 cents has sent the market back toward support at 64 cents.



Rice

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

Futures:
ROUGH RICE
High Low Last Change
Jul '15 1066.0 1060.5 1064.5 +8.0
Sep '15 1093.0 1076.5 1089.5 +8.0
Nov '15 1118.5 1105.0 1117.0 +8.0
Jan '16 1144.0 +8.5
Mar '16 1164.0 +8.5
May '16 1164.0 +8.5
Jul '16 1164.0 +8.5
DTN Click here for info on Exchange delays.

Rice Comment

Rice futures ended higher again today. November held above $11, putting t he market at three month highs. The acreage report showed a total of 2.767 million acres planted in the U.S. Arkansas farmers seeded a total of 1.391 million acres, including 240,000 acres of medium grain. Drought in Thailand and weak monsoon rains in India are helping to support prices as well.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Aug '15 151.375 149.875 151.175 +0.675
Oct '15 154.225 152.875 153.975 +0.500
Dec '15 155.050 153.700 154.700 +0.225
Feb '16 155.050 153.750 154.800 +0.225
Apr '16 154.250 152.975 154.000 +0.025
Jun '16 146.575 145.300 146.450 +0.575
Aug '16 144.925 143.800 144.675 +0.300
Oct '16 146.825 145.850 146.825 +0.700
Dec '16 146.850 +0.700
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Aug '15 218.850 216.250 217.225 +0.250
Sep '15 217.175 214.600 215.600 +0.025
Oct '15 215.575 213.075 214.050 0.000
Nov '15 214.375 212.075 213.050 +0.050
Jan '16 208.000 206.000 207.075 +0.075
Mar '16 205.550 204.100 204.975 -0.050
Apr '16 205.725 205.625 205.650 -0.300
May '16 204.525 203.550 204.325 -0.225
DTN Click here for info on Exchange delays.

Arkansas Prices
Ft. Smith Livestock Auction
Heber Springs Livestock Auction

Oklahoma City
Oklahoma City - Feeder Cattle Auction Weighted Average Report

Cattle Comment

Cattle prices recovered some of yesterday's losses after a late rally led to a higher close. Trade volume remains light as does does cash sales volume. Cattle prices continue to try and move lower but have found strong support in the 100-day moving average near 148 in live cattle and 215 in feeder cattle.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Jul '15 80.175 78.850 79.525 +0.800
Aug '15 77.275 75.625 76.475 +0.475
Oct '15 66.425 65.050 66.025 +0.425
Dec '15 63.950 62.800 63.650 +0.275
Feb '16 69.075 67.975 68.550 -0.075
Apr '16 74.400 73.450 73.850 -0.400
May '16 78.125 78.125 78.125 +0.100
Jun '16 82.525 81.875 81.875 -0.550
Jul '16 81.325 80.800 80.800 -0.200
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