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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 Bids1040960
New Crop1045983
 

Riceland Foods

 
Cash BidsStuttgart: 1025Pendleton: 1025
New CropStuttgart: 989 Pendleton: 994
 

Futures:
SOYBEANS
High Low Last Change
Jan '15 1022.25 1005.00 1020.50 +15.75
Mar '15 1029.75 1012.00 1028.00 +16.00
May '15 1036.00 1018.75 1034.50 +16.25
Jul '15 1040.75 1024.00 1039.25 +16.00
Aug '15 1038.25 1026.50 1039.50 +15.25
Sep '15 1018.25 1008.75 1018.75 +13.00
Nov '15 1006.00 992.00 1004.50 +12.00
Jan '16 1010.00 999.75 1010.00 +11.75
Mar '16 1016.00 1002.00 1015.50 +12.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybeans continue to refuse to close below $10. After climbing above $10, in late October the market has bounced off this support a couple of times but continues to hold these gains. Strong demand both domestically and in international markets remains supportive of prices. The market needs the positive demand news to continue, to prevent traders from moving focus back to large supplies/stocks in 2014/15. With strong basis levels, this remains a good time to price unsold beans.



Wheat

HighLow
Cash Bids546453
New Crop546501
 

Futures:
WHEAT
High Low Last Change
Dec '14 548.00 532.00 547.25 +9.50
Mar '15 553.00 536.00 552.50 +11.50
May '15 560.00 542.75 559.25 +12.00
Jul '15 565.50 549.25 564.50 +11.00
Sep '15 574.00 557.50 573.25 +11.00
Dec '15 586.00 570.75 585.00 +10.75
Mar '16 593.50 +10.75
May '16 596.00 +10.75
Jul '16 589.75 +10.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices recovered some today but remain well off of last week’s highs. Prices reacted to gains in outside markets, as traders bought wheat along with corn and soybean contracts. While demand remains sluggish, the market is keeping a close watch on weather as they monitor the affect it could have on 2015 production.



Grain Sorghum

HighLow
Cash Bids442343
New Crop456406
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids383313
New Crop396353
 

Futures:
CORN
High Low Last Change
Dec '14 374.75 362.50 373.25 +10.00
Mar '15 387.50 375.25 386.25 +10.25
May '15 396.00 384.50 395.00 +10.00
Jul '15 403.25 391.00 402.25 +10.00
Sep '15 409.25 398.00 408.50 +10.50
Dec '15 417.25 406.25 416.25 +9.25
Mar '16 424.75 415.00 424.00 +9.00
May '16 428.00 427.00 430.25 +8.75
Jul '16 435.00 426.50 434.50 +8.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices again bounced off of support near $3.60. While today’s export sales beat expectations, actual exports remain slow. Current cold temps in the Midwest are already starting to slow barge traffic on the northern Mississippi. This could help basis here if slow down continues as elevators try and buy to meet export commitments. This market still needs new positive fundamental news to support prices longer term. The outlook for this market remains for prices to trend sideways to lower. Corn faces resistance at $3.77 followed by recent highs of $3.86.



Cotton

Futures:
COTTON
High Low Last Change
Dec '14 59.98 57.84 58.54 -0.57
Mar '15 59.88 58.74 58.86 -0.24

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

Cotton futures were under renewed pressure today with nearby December setting a new life of contract low. The market is trading at 5 year lows and there isn’t any apparent support seen on the monthly continuation. Yesterday’s move higher failed at that level and sent futures lower in today’s trade. March losses were more moderate, with prices holding (barely) above support at 58.57 cents.



Rice

HighLow
Long Grain Cash Bids- - -1195/cwt
Long Grain New Crop- - -1164/cwt
 

Futures:
ROUGH RICE
High Low Last Change
Jan '15 1258.5 1231.0 1258.0 +17.5
Mar '15 1285.0 1260.5 1284.5 +17.0
May '15 1292.0 1292.0 1308.5 +16.0
Jul '15 1328.5 +15.5
Sep '15 1244.5 -5.0
Nov '15 1234.5 -5.0
Jan '16 1234.5 -5.0
DTN Click here for info on Exchange delays.

Rice Comment

The bulls continued to push rice prices higher today. January moved back above $12.50, while March is now in position to challenge resistance at $13. There is little fundamental news to justify the strength, however. The US harvest is all but complete, and the market has a big crop to move. Ample global supplies will also continue to limit the upside.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Dec '14 171.250 169.825 170.200 -0.625
Feb '15 172.750 170.975 171.675 -0.625
Apr '15 170.600 169.450 170.175 -0.025
Jun '15 162.100 160.500 161.775 +0.600
Aug '15 158.250 156.750 157.925 +0.525
Oct '15 159.200 157.900 159.000 +0.200
Dec '15 159.150 157.750 158.800 +0.300
Feb '16 158.225 156.775 158.150 +0.550
Apr '16 157.500 156.050 157.400 +1.000
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Nov '14 240.475 240.125 240.425 -0.125
Jan '15 237.550 234.800 235.300 -1.800
Mar '15 235.500 232.700 233.450 -1.875
Apr '15 235.875 232.975 233.625 -2.200
May '15 234.375 232.725 233.225 -2.300
Aug '15 235.600 233.125 233.500 -2.300
Sep '15 233.000 232.800 232.800 -1.650
Oct '15 233.000 232.500 233.250 -1.200
Nov '15 233.500
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 mostly lower today. This market remains volatile as traders worry about the affect high prices will have on demand longer term. Currently, demand for beef remains good and packers are forced to bid up cash prices to keep supplies.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Dec '14 91.700 89.900 90.800 -0.975
Feb '15 91.575 89.900 90.850 -0.800
Apr '15 93.225 91.775 92.875 -0.725
May '15 95.000 93.875 94.800 +0.300
Jun '15 98.125 96.650 98.025 +0.025
Jul '15 96.850 95.450 96.850 +0.125
Aug '15 94.200 92.975 94.075 +0.075
Oct '15 80.700 79.900 80.500 +0.300
Dec '15 76.300 75.350 76.125 +0.775
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