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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 Bids1188978
New Crop1058978
 

Riceland Foods

 
Cash BidsStuttgart: Pendleton:
New CropStuttgart: Pendleton:
 

Futures:
SOYBEANS
High Low Last Change
Sep '14 1140.00 1119.75 1136.25 +16.50
Nov '14 1047.00 1035.00 1038.25 +0.25
Jan '15 1054.75 1042.50 1045.25 -0.50
Mar '15 1062.00 1049.75 1052.25 -0.25
May '15 1067.75 1055.25 1057.75 -0.75
Jul '15 1071.75 1059.50 1061.25 -1.50
Aug '15 1060.75 -1.50
Sep '15 1054.75 1052.50 1050.25 -1.25
Nov '15 1055.00 1044.00 1045.75 -0.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybean prices bounced off new contract lows yesterday and closed up slightly. This market continues to have difficultly committing to lower prices. While demand continues to impress so do the pod counts in crop tours. Look for prices to continue to trend lower, as yield forecast continue to look good. .



Wheat

HighLow
Cash Bids508390
New Crop567344
 

Futures:
WHEAT
High Low Last Change
Sep '14 549.75 536.75 546.25 +6.75
Dec '14 558.00 547.00 555.50 +5.50
Mar '15 575.25 566.75 572.25 +3.50
May '15 585.25 577.50 582.00 +2.00
Jul '15 592.25 584.75 589.25 +2.00
Sep '15 603.00 599.00 600.25 +0.75
Dec '15 618.00 611.25 615.25 +1.50
Mar '16 624.00 +1.25
May '16 619.75 +0.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices much like soybeans, bounced off of lows today. Prices continue to prove $5.50 to be strong support for December wheat. Wheat may have found its near term lows as prices continue to trade in a sideways pattern



Grain Sorghum

HighLow
Cash Bids373310
New Crop358295
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids380335
New Crop367326
 

Futures:
CORN
High Low Last Change
Sep '14 366.00 358.00 362.25 +2.75
Dec '14 373.00 366.00 369.00 +1.50
Mar '15 385.50 379.00 381.75 +1.25
May '15 393.25 387.75 389.75 +1.00
Jul '15 400.00 394.00 396.50 +1.25
Sep '15 406.00 400.50 402.75 +1.25
Dec '15 413.00 407.00 409.75 +1.25
Mar '16 421.00 415.75 418.25 +1.50
May '16 424.50 423.00 424.25 +1.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices continue to feel pressure from strong yield surveys. Forecasts of yields in the 190's in Iowa and Illinois is pushing prices lower. Recent sideways pattern in the corn market, and commercial buying has some thinking prices may have finally gotten low enough to spur additional demand. This demand was not evident in today's export sales report which failed to impress. The market will need additional demand to support prices and prevent further losses as this years crop is looking bigger.



Cotton

Futures:
COTTON
High Low Last Change
Dec '14 66.67 65.30 65.92 0.11

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

Cotton futures posted small gains. For now, December has found support at 62.02 cents and is consolidating in a narrow band above that support. Production is forecast to be 17.5 million bales in the US, up 36% from last year. However, the percentage of fiber rated poor to very poor jumped two points in this week's report, and that scared the bears, resulting in today's sharp increase in prices.



Rice

HighLow
Long Grain Cash Bids
Long Grain New Crop
 

Futures:
ROUGH RICE
High Low Last Change
Sep '14 1312.0 1281.0 1282.5 -28.5
Nov '14 1297.0 1280.0 1280.5 -12.5
Jan '15 1313.0 1300.0 1300.5 -11.5
Mar '15 1318.0 -12.0
May '15 1332.5 -12.0
Jul '15 1350.5 -12.0
Sep '15 1333.0 -12.0
DTN Click here for info on Exchange delays.

Rice Comment

November rice futures gave back most of the gains from earlier this week. September still has support at the bottom of Thursday’s key reversal at $12.64 1/2. The market is oversold and due a rebound, but the upside will likely be limited by large supplies at home and particularly in Asia. USDA estimates that US production will be 228.8 million cwt., up from only 189.9 million a year ago. 74% of the crop remains in good to excellent condition nationwide, while in Arkansas that total is 66%. Nationwide, 88% of the crop is headed, while Arkansas’ crop jumped from 65% to 83% headed last week.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Aug '14 149.550 148.050 149.650 +0.400
Oct '14 145.600 145.600 145.600 +0.050
Dec '14 148.900 147.500 148.600 +0.150
Feb '15 150.200 148.800 149.800 -0.475
Apr '15 150.575 149.100 149.800 -0.600
Jun '15 144.525 142.900 143.100 -1.325
Aug '15 143.425 142.300 142.350 -0.750
Oct '15 146.325 145.375 145.500 -1.100
Dec '15 146.525 145.725 146.500 -0.800
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Aug '14 215.750 214.050 215.200 +0.250
Sep '14 209.500 209.500 209.500 +0.075
Oct '14 208.600 208.600 208.600 0.000
Nov '14 209.975 206.550 207.350 -2.200
Jan '15 205.450 201.850 202.525 -2.325
Mar '15 205.075 201.800 203.075 -1.725
Apr '15 204.000 202.250 203.750 -0.550
May '15 204.800 201.200 203.525 +0.025
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

Livestock prices posted modest gains as prices failed to break support. While prices have weaken in recent days, continued tight supplies will limit longer term losses



Hogs

Futures:
LEAN HOGS
High Low Last Change
Oct '14 95.050 90.450 93.625 +1.125
Dec '14 88.450 84.275 87.550 +1.125
Feb '15 86.875 83.300 86.450 +1.050
Apr '15 87.825 84.300 87.700 +1.825
May '15 90.000 88.000 89.750 +0.950
Jun '15 92.000 89.650 91.600 +1.050
Jul '15 90.000 88.550 89.500 +1.000
Aug '15 88.325 86.300 88.300 +1.300
Oct '15 76.600 75.000 76.300 +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