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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 Bids15341446
New Crop12471179
 

Riceland Foods

 
Cash BidsStuttgart: 1509Pendleton: 1509
New CropStuttgart: 1242 Pendleton: 1249
 

Futures:
SOYBEANS
High Low Last Change
May '14 1531.75 1504.00 1514.00 -4.75
Jul '14 1521.00 1492.50 1502.25 -6.50
Aug '14 1434.00 1412.00 1420.50 -3.50
Sep '14 1310.25 1295.00 1298.25 -1.50
Nov '14 1244.50 1234.50 1239.25 +2.00
Jan '15 1249.25 1239.25 1244.25 +2.00
Mar '15 1253.00 1243.25 1248.00 +2.00
May '15 1256.25 1248.00 1251.25 +1.50
Jul '15 1259.75 1251.75 1255.75 +1.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybeans ended the day mixed, with old crop contacts lower. Weekly export inspections were above expectations, but still down significantly from last week. There are ideas that China will default on another 1.2 million metric tons in reaction to a depressed local market. November set a new high for the move, and is trending solidly higher, with trendline support at $11.87 for November.



Wheat

HighLow
Cash Bids713650
New Crop690665
 

Futures:
WHEAT
High Low Last Change
May '14 701.50 686.50 691.25 +3.25
Jul '14 709.25 693.25 699.00 +3.75
Sep '14 718.00 706.25 708.25 +3.75
Dec '14 730.25 715.00 721.00 +4.25
Mar '15 741.75 729.75 733.50 +4.50
May '15 742.00 737.25 738.25 +3.75
Jul '15 730.00 718.50 719.50 +1.25
Sep '15 722.75 +1.00
Dec '15 736.25 735.50 731.00 +1.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices close slightly higher today after an impressive export sales report and continued concern over the turmoil in the Ukraine. While today’s gains are positive for the market, it accounts for only a fraction of the losses of the last few days. Wheat prices will continue to feel pressure of large supplies and weak global demand. Weakening corn prices are also hurting wheat as it makes wheat less competitive in the feed market.



Grain Sorghum

HighLow
Cash Bids534473
New Crop514456
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids525467
New Crop492461
 

Futures:
CORN
High Low Last Change
May '14 501.25 493.00 494.75 -2.75
Jul '14 507.00 498.75 500.50 -3.00
Sep '14 503.50 496.50 498.25 -2.50
Dec '14 501.50 495.00 496.75 -2.25
Mar '15 509.00 503.00 504.50 -2.00
May '15 514.25 508.50 510.25 -1.75
Jul '15 518.25 512.75 514.25 -2.00
Sep '15 502.00 498.75 499.25 -2.00
Dec '15 495.00 490.75 491.75 -2.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices continue to slide. Today’s export sales report came in within trade expectations and did not really impress traders. Corn prices continue to be pressure from the need to have strong exports week in and week out to meet the USDA forecast. Additionally, improving weather in major growing areas has traders expecting corn planting to get underway quickly. While the price has closed down every day this week, losses have been small and December corn has only lost 9-cents this week. December corn continues to maintain support at $4.92.



Cotton

Futures:
COTTON
High Low Last Change
May '14 91.32 90.05 90.17 -0.87
Jul '14 92.89 91.91 92.34 -0.23
Dec '14 81.94 81.25 81.94 0.58

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

Cotton prices continue to show impressive strength. The cotton market looks to be trying to buy additional acres, as December cotton is now testing resistance at 82-cents. While cotton prices are showing strength, they remain only on China announcement from sharp declines. Give the large global supplies and the potential for a bigger U.S. crop cotton prices could begin to move lower once acreage is secured.



Rice

HighLow
Long Grain Cash Bids- - -1510/cwt
Long Grain New Crop- - -1358/cwt
 

Futures:
ROUGH RICE
High Low Last Change
May '14 1552.0 1531.5 1536.0 -2.5
Jul '14 1557.5 1542.5 1545.5 -3.5
Sep '14 1438.0 1430.0 1433.0 -3.0
Nov '14 1445.5 1438.5 1437.5 -1.0
Jan '15 1457.0 -1.0
Mar '15 1481.0 -1.0
May '15 1481.0 -1.0
DTN Click here for info on Exchange delays.

Rice Comment

Rice posted across the board losses. Tight U.S. stocks are supportive, but were today overshadowed by increasing world stocks. Warmer, dryer weather is in store for the weekend and could help farmers get back in the field. USDA says that Arkansas farmers have now seeded 17% of the crop, compared with a 5 year average of 29%. Nationally, farmers have planted 25% of the crop, compared with a 5 year average of 31%. The market is still trending higher, with support for July near $15.35.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Apr '14 145.750 143.800 144.250 -1.500
Jun '14 135.750 134.100 134.600 -1.025
Aug '14 133.650 132.300 132.875 -0.675
Oct '14 138.150 137.000 137.575 -0.275
Dec '14 140.250 139.150 139.575 -0.400
Feb '15 141.050 139.975 140.425 -0.375
Apr '15 140.900 139.975 140.350 -0.600
Jun '15 134.750 133.650 133.850 -0.750
Aug '15 133.000 132.800 133.000 -0.300
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Apr '14 178.975 178.550 178.675 -0.575
May '14 179.750 178.000 178.250 -1.650
Aug '14 182.800 181.100 181.500 -1.475
Sep '14 182.250 180.775 181.325 -1.050
Oct '14 181.775 180.500 180.975 -1.125
Nov '14 181.275 180.275 180.950 -0.650
Jan '15 177.950 177.125 177.350 -0.650
Mar '15 175.950 175.700 175.700 -0.400
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



Hogs

Futures:
LEAN HOGS
High Low Last Change
May '14 123.750 121.700 123.175 +0.300
Jun '14 125.500 122.975 125.050 +1.275
Jul '14 123.400 120.925 123.250 +1.600
Aug '14 122.625 119.600 122.275 +2.025
Oct '14 100.550 98.500 100.000 +0.900
Dec '14 89.250 88.025 89.000 +0.500
Feb '15 86.550 85.400 86.500 -0.350
Apr '15 86.500 85.500 86.400 +0.550
May '15 89.750 89.750 89.750 -0.850
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