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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 Bids899834
New Crop884866
 

Riceland Foods

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

Futures:
SOYBEANS
High Low Last Change
Mar '16 875.50 868.50 872.75 -0.75
May '16 880.00 872.50 876.50 -1.25
Jul '16 885.00 878.00 881.75 -1.25
Aug '16 886.50 880.25 883.50 -1.25
Sep '16 886.00 880.25 883.25 -1.75
Nov '16 889.75 882.50 886.00 -1.75
Jan '17 895.00 888.25 891.25 -2.00
Mar '17 897.75 891.00 893.50 -2.25
May '17 900.00 896.00 897.25 -2.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

November soybeans closed down just over a penny today, but were up 3-cents on the week, thanks to strong gains yesterday. The market continues to maintain support near $8.75 despite the ever increasing global supplies. November soybeans remain unlikely to test the $9 level given the record production in South America and poor export prospects for the U.S. If the further bullish news develops in the oil market and prices rally, this will likely be a pricing opportunity as U.S. stock are likely to push 700 million bushels in 2016/17.



Wheat

HighLow
Cash Bids458448
New Crop----
 

Futures:
WHEAT
High Low Last Change
Mar '16 462.00 455.00 457.50 -0.75
May '16 466.75 460.50 462.50 -1.00
Jul '16 472.25 466.00 467.75 -1.00
Sep '16 481.75 475.50 477.00 -1.00
Dec '16 496.25 490.50 491.00 -2.00
Mar '17 507.00 502.00 502.00 -2.00
May '17 511.00 510.00 508.25 -3.50
Jul '17 521.00 516.00 515.75 -3.00
Sep '17 530.00 530.00 527.50 -3.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

July wheat prices prices saw marginal losses today, and closed down 8-cents on the week. Over the last week, July wheat prices put in a new contract lows and $4.70 has become stiff resistance for the market. Wheat remains locked in a sideways pattern as there remains little support for prices to move higher.



Grain Sorghum

HighLow
Cash Bids350320
New Crop353284
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids373345
New Crop373347
 

Futures:
CORN
High Low Last Change
Mar '16 362.00 358.25 358.75 -1.50
May '16 366.75 363.25 363.50 -1.50
Jul '16 371.50 368.25 368.50 -1.25
Sep '16 376.25 373.25 373.50 -1.00
Dec '16 384.75 381.50 381.75 -1.00
Mar '17 393.50 391.00 391.00 -1.00
May '17 398.50 397.00 397.00 -1.00
Jul '17 402.50 401.00 401.00 -1.00
Sep '17 395.00 394.25 394.25 +0.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices closed lower again today, putting December prices down 8-cents on the week. Corn prices remain weak as prices have closed down 9 straight sessions, and are down 13-cents over the period. Corn prices could begin to find some technical support next week, however weak fundamentals are likely to keep gains minimal.



Cotton

Futures:
COTTON
High Low Last Change
Mar '16 59.16 58.15 58.9 0.48
May '16 58.96 58.39 58.64 -0.07
Dec '16 59.63 58.76 58.93 -0.65

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

Cotton futures ended mixed. USDA released their supply/demand balance sheet on Tuesday, and lowered their export projection to 9.5 million bales, which is exactly the number The National Cotton Council released over the weekend. That is down 15.5% from the previous marketing year and down 500,000 bales from last month’s estimate. U.S. production is expected to increase in 2016, with total production estimated at 14 million bales. The market is now trading at contract lows, with March headed toward 58 cents and December closing in on 58.50 cents.



Rice

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

Futures:
ROUGH RICE
High Low Last Change
Mar '16 1108.5 1070.5 1076.5 -25.0
May '16 1135.5 1098.0 1103.0 -26.0
Jul '16 1158.0 1127.5 1131.0 -26.0
Sep '16 1150.0 1150.0 1146.5 -22.0
Nov '16 1162.0 -21.0
Jan '17 1176.5 -10.0
Mar '17 1176.5 -10.0
DTN Click here for info on Exchange delays.

Rice Comment

Rice futures continued lower today, despite a better export report this week. USDA says 53,000 metric tons were sold to foreign buyers this week, compared with only 40,200 metric tons last week. The monthly supply/demand balance sheet was little changed, but the on-farm price was lowered again. The average expected price for long grain is now $11.00-$11.60/cwt, and mid-south medium grain is expected to bring $11.70-$12.30. March has been working lower and is set up for a retest of the recent low of $10.65.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Feb '16 131.600 129.375 130.000 -0.125
Apr '16 130.875 128.600 129.150 -0.375
Jun '16 121.250 119.200 119.625 -0.350
Aug '16 117.750 115.825 116.125 -0.700
Oct '16 118.475 116.500 116.825 -0.625
Dec '16 118.600 116.825 116.950 -0.625
Feb '17 117.250 115.925 116.000 -0.650
Apr '17 116.300 114.975 115.125 -0.550
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Mar '16 152.350 149.400 150.450 +0.200
Apr '16 151.700 148.750 149.975 +0.125
May '16 150.875 148.025 149.200 -0.175
Aug '16 151.450 148.625 149.575 -0.450
Sep '16 149.300 147.250 147.950 0.000
Oct '16 146.675 144.800 145.350 -0.025
Nov '16 142.200 140.150 141.175 +0.100
Jan '17 137.025 136.500 136.500 0.000
DTN Click here for info on Exchange delays.

Arkansas Prices
Arkansas Weekly Livestock Summary

Cattle Comment

Cattle prices closed lower again today as the feeders ended down $3.80/cwt and live cattle ended down $6.10/cwt on the week. The market remains pressured by weakness in the general economy that has the market worried about demand. Additionally, a lack of follow through with recent gains in the cash market remains a drag on futures.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Feb '16 65.975 65.725 65.950 +0.425
Apr '16 70.775 69.275 70.275 +0.825
May '16 76.325 75.650 76.200 +0.550
Jun '16 80.525 79.375 80.200 +0.625
Jul '16 80.025 79.150 79.575 +0.125
Aug '16 79.150 78.500 78.800 +0.050
Oct '16 68.500 68.000 68.175 -0.300
Dec '16 63.600 63.175 63.225 -0.300
Feb '17 65.900 65.475 65.625 -0.100
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