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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 Bids1043968
New Crop1065989
 

Riceland Foods

 
Cash BidsStuttgart: 1048Pendleton: 1045
New CropStuttgart: 1000 Pendleton: 1005
 

Futures:
SOYBEANS
High Low Last Change
Nov '14 1045.00 1004.00 1043.00 +35.00
Jan '15 1051.00 1011.50 1049.00 +34.00
Mar '15 1058.25 1017.75 1056.00 +35.00
May '15 1064.75 1024.50 1062.75 +35.00
Jul '15 1071.00 1030.00 1069.25 +36.00
Aug '15 1069.00 1031.00 1067.75 +36.25
Sep '15 1041.50 1003.75 1040.75 +33.50
Nov '15 1022.25 987.25 1020.75 +30.25
Jan '16 1026.25 1000.00 1025.50 +30.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybeans led the way today and are moving in on the 100-day moving average. Prices will see resistance at the 100-day moving average at $10.50. If prices close above this level there next objective would be around $10.70. With prices moving into overbought territory, these prices could quickly run out of steam. While prices are currently supported by slow harvest and transportation bottlenecks, this market is still facing a stocks that are forecast to be more than 400 million bushels. These large supplies in the U.S. combined with forecast production in South America are forecast to increase global stocks more than 30 percent.



Wheat

HighLow
Cash Bids486446
New Crop550505
 

Futures:
WHEAT
High Low Last Change
Dec '14 540.50 527.50 538.25 +7.50
Mar '15 553.25 542.00 551.00 +6.50
May '15 560.00 549.75 558.00 +5.50
Jul '15 567.50 558.25 565.75 +5.25
Sep '15 577.50 568.00 576.00 +5.25
Dec '15 590.00 580.50 588.50 +5.75
Mar '16 598.25 +6.25
May '16 600.00 600.00 603.75 +6.00
Jul '16 599.00 594.75 601.25 +5.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices were higher today as the market continues to worry about soil moisture for the U.S. Winter wheat crop. While planting has progressed well some of major growing areas remains dry. Additionally the market has begun to worry about foreign supplies as news reports indicate issues with the Russian crop. While this market has some weak fundamental support, prices are likely to remain closely tied to changes in the corn and soybean markets.



Grain Sorghum

HighLow
Cash Bids405345
New Crop428398
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids354315
New Crop393355
 

Futures:
CORN
High Low Last Change
Dec '14 376.00 362.50 375.25 +10.75
Mar '15 389.00 376.25 388.50 +10.50
May '15 397.50 385.00 397.00 +10.25
Jul '15 404.00 392.00 403.50 +9.75
Sep '15 409.75 400.25 409.25 +8.75
Dec '15 416.75 407.00 416.25 +7.75
Mar '16 425.00 417.00 424.50 +7.25
May '16 429.75 426.00 431.00 +7.25
Jul '16 435.00 429.50 435.75 +7.50
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices closed sharply higher today. The market continues to be supported by slow harvest and delays in getting the current crop to market. These high prices continue to offer opportunities to sell grain. While demand particularly export demand remains strong, stocks are still forecast to rise sharply in 2014/15. Additionally, initial private forecast for 2015/16 are beginning to be released and these forecast show stocks again building even with no increases in acreage.



Cotton

Futures:
COTTON
High Low Last Change
Dec '14 65.99 64.17 65.35 0.88
Mar '15 63.82 62.55 63.22 0.38

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

Cotton futures were higher across the board. Nearby December has resistance at Friday’s high of 64.66 cents and support at 62 cents. March is consolidating in a narrow range capped by resistance at 63 cents and support at 61.20 cents. Harvest pressure will limit the upside as farmers are in full swing picking the crop. Producers made good progress harvesting last week. Nationwide, farmers have now harvested 42% of the crop, up 13% from last week.



Rice

HighLow
Long Grain Cash Bids- - -1162/cwt
Long Grain New Crop- - -1163/cwt
 

Futures:
ROUGH RICE
High Low Last Change
Nov '14 1219.0 1193.5 1213.0 +7.5
Jan '15 1244.5 1219.0 1237.5 +7.0
Mar '15 1266.0 1247.0 1264.5 +7.0
May '15 1289.0 +7.5
Jul '15 1307.0 +7.5
Sep '15 1243.5 +7.5
Nov '15 1233.5 0.0
DTN Click here for info on Exchange delays.

Rice Comment

Rice futures recovered from yesterday's huge losses and ended the day a bit higher. Both expiring November and the January contract fell to new life-of-contract lows yesterday with little fundamental justification for the huge intraday losses.Weak demand continues to plague the market, but harvest pressure should be winding down has harvest is nearly complete.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Oct '14 169.700 168.500 169.250 +0.050
Dec '14 168.375 165.975 167.200 -0.575
Feb '15 168.250 166.275 167.425 -0.275
Apr '15 166.075 164.525 165.475 -0.300
Jun '15 155.750 154.275 154.900 -0.700
Aug '15 153.400 151.975 152.325 -0.825
Oct '15 154.600 153.150 153.825 -0.425
Dec '15 154.900 153.700 154.225 -0.275
Feb '16 154.150 153.025 153.650 -0.250
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Oct '14 239.075 238.300 239.050 +0.775
Nov '14 234.975 232.850 233.200 -0.450
Jan '15 230.125 227.825 228.100 -0.950
Mar '15 227.975 225.625 225.850 -1.200
Apr '15 227.775 225.625 225.725 -1.300
May '15 228.000 225.600 225.975 -0.900
Aug '15 228.500 226.325 226.325 -1.425
Sep '15 226.500 223.750 223.750 -1.800
DTN Click here for info on Exchange delays.

Arkansas Prices
Conway Livestock Auction
Pocahontas Livestock Auction

Oklahoma City
Oklahoma City - Weekly Weighted Average Summary Wednesday

Cattle Comment

Cattle prices saw marginal declines again today. Continued strength in the grain market remains a negative for this market. However, overall fundamentals remain positive and will continue to support cattle prices longer term. Look for losses to be short term and for this market to test recent highs in coming weeks.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Dec '14 90.500 87.950 88.675 -1.525
Feb '15 89.200 87.125 88.125 -1.175
Apr '15 89.575 87.650 89.000 -0.550
May '15 91.000 89.675 90.000 +0.500
Jun '15 94.125 92.775 93.725 +0.175
Jul '15 92.450 91.350 92.225 +0.025
Aug '15 89.850 89.000 89.800 +0.100
Oct '15 78.025 77.825 78.200 0.000
Dec '15 73.900 73.500 73.900 +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