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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 Bids1099964
New Crop1043964
 

Riceland Foods

 
Cash BidsStuttgart: 1032Pendleton: 1039
New CropStuttgart: 1010 Pendleton: 1015
 

Futures:
SOYBEANS
High Low Last Change
Sep '14 1123.00 1068.75 1073.75 -12.00
Nov '14 1033.25 1021.00 1028.75 +5.00
Jan '15 1041.00 1029.25 1036.50 +4.75
Mar '15 1048.50 1037.25 1043.75 +4.50
May '15 1054.75 1043.25 1050.25 +5.25
Jul '15 1059.50 1048.25 1054.75 +5.00
Aug '15 1059.50 1050.00 1055.00 +4.50
Sep '15 1046.00 1041.25 1044.50 +5.00
Nov '15 1045.25 1034.50 1039.50 +3.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybean prices were mixed today. Market continues to have difficultly maintaining strong old crop prices. As the southern crop starts to come off these supplies are easing the tight stocks and helping removed support for prices. Look for the gap between old and new crop continue to narrow. Soybeans are finding support from the rains just like corn and other crops. If the impact of rains fail to reduce crop yields, this market could again begin to free fall.



Wheat

HighLow
Cash Bids516397
New Crop590543
 

Futures:
WHEAT
High Low Last Change
Sep '14 564.50 545.00 556.50 +9.25
Dec '14 579.25 559.00 571.75 +9.50
Mar '15 598.25 579.25 591.25 +8.75
May '15 607.25 593.00 600.75 +7.75
Jul '15 612.00 595.75 605.25 +6.00
Sep '15 620.00 611.50 613.50 +4.75
Dec '15 634.00 623.75 627.00 +5.25
Mar '16 636.00 +4.75
May '16 635.50 +5.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices continue to strengthen as the market worries about situation in the Ukraine. Gains this week have put wheat in a position to see some technical selling. Look for prices to have difficulty maintaining these prices long term.



Grain Sorghum

HighLow
Cash Bids390291
New Crop375291
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids381336
New Crop365336
 

Futures:
CORN
High Low Last Change
Sep '14 362.00 354.75 361.75 +5.75
Dec '14 370.00 363.50 369.25 +4.25
Mar '15 383.00 376.75 382.25 +4.00
May '15 391.00 385.00 390.50 +4.00
Jul '15 397.25 392.00 397.00 +3.75
Sep '15 403.00 399.50 403.25 +3.00
Dec '15 410.00 406.75 409.25 +1.75
Mar '16 418.00 415.50 417.25 +1.25
May '16 423.00 421.50 423.00 +0.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices closed higher today. Markets are starting to find support from rains in the Midwest that are dumping excessive rains across much of the major growing area. The worry is that these rains are going to reduce yields. While corn export sales were disappointing, the market has been expecting huge crops so if these rains reduce the crop this could be just the support the market needs to maintain prices above $3.50.



Cotton

Futures:
COTTON
High Low Last Change
Oct '14 68.44 66.58 67.14 -1.16
Dec '14 67.44 66.12 66.58 -0.88

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

December cotton turned lower after failing at resistance at 68 cents yesterday.. Support at 62 cents looks solid for the time being. Production is forecast to be 17.5 million bales in the United States, up 36% from last year. 90% of U.S. acreage is reported to be setting bolls, while 19% has bolls that are opening. Hot, dry conditions in West Texas are could hurt the crop there, but the crop remains in far better shape than in recent years.



Rice

HighLow
Long Grain Cash Bids- - -1221/cwt
Long Grain New Crop- - -- - -
 

Futures:
ROUGH RICE
High Low Last Change
Sep '14 1282.5 1266.0 1268.5 -11.0
Nov '14 1290.0 1276.0 1281.5 -8.0
Jan '15 1308.0 1296.5 1301.0 -7.5
Mar '15 1318.5 -7.0
May '15 1333.0 -7.0
Jul '15 1351.0 -7.0
Sep '15 1321.0 -7.0
DTN Click here for info on Exchange delays.

Rice Comment

Rice futures were lower across the board. November has backed off resistance at $13, and needs to close above that level in order to open any upside potential. It looks like the market is trying to consolidate between that resistance and support at $12.64 ½. Sluggish exports and harvest pressure will be limiting factors from a fundamental perspective. While Louisiana and Texas have harvested 46% and 48% of their rice respectively, farmers in the other rice states are just beginning, but that will accelerate quickly.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Aug '14 155.425 153.075 154.750 +1.550
Oct '14 150.725 147.500 150.025 +2.200
Dec '14 152.900 150.175 152.550 +1.775
Feb '15 153.800 150.950 153.400 +1.800
Apr '15 153.525 151.050 153.075 +1.400
Jun '15 145.500 143.350 145.175 +1.425
Aug '15 144.050 142.400 143.600 +0.900
Oct '15 146.650 145.200 146.100 +1.050
Dec '15 146.850 145.600 146.250 +0.400
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Aug '14 218.700 218.100 218.525 +0.375
Sep '14 217.275 213.375 216.900 +2.425
Oct '14 214.950 211.100 214.500 +2.350
Nov '14 213.100 209.400 212.775 +2.550
Jan '15 207.900 204.375 207.600 +2.200
Mar '15 207.800 205.175 207.575 +1.500
Apr '15 208.100 205.125 208.125 +1.325
May '15 208.000 205.950 207.500 +1.200
Aug '15 206.875
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

Cattle prices closed mixed today. Prices continue to be supported by tight supplies and as cash prices firm future prices should continue to strengthen.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Oct '14 96.000 94.650 95.950 +0.025
Dec '14 90.800 89.400 90.800 +0.300
Feb '15 90.250 89.000 90.250 +0.325
Apr '15 91.325 90.400 91.325 +0.175
May '15 92.825 92.450 92.750 -0.050
Jun '15 95.000 94.175 95.000 +0.200
Jul '15 93.000 92.850 93.000 +0.250
Aug '15 91.300 90.850 91.300 +0.550
Oct '15 77.250 77.200 77.400 +0.300
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