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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 Bids887822
New Crop872855
 

Riceland Foods

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

Futures:
SOYBEANS
High Low Last Change
Mar '16 874.25 862.00 873.50 +11.25
May '16 878.50 867.00 877.75 +10.75
Jul '16 884.00 872.25 883.00 +10.50
Aug '16 885.50 874.75 884.75 +10.25
Sep '16 885.25 875.25 885.00 +10.50
Nov '16 888.50 877.50 887.75 +10.00
Jan '17 893.25 883.25 893.25 +10.50
Mar '17 896.25 885.50 895.75 +10.75
May '17 899.00 889.00 899.25 +11.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybeans managed double digit gains today, despite another weak export sales report. Soybeans found support from strengthening palm oil prices after concerns over supply. The impact of this will be watched closely in the coming weeks. The expectation is for soybean oil to fill the gap; however the record South American crop could get more of the market especially given some of the export support programs in the area.



Wheat

HighLow
Cash Bids456456
New Crop----
 

Futures:
WHEAT
High Low Last Change
Mar '16 465.75 457.75 458.25 -3.00
May '16 470.25 462.50 463.50 -1.50
Jul '16 475.00 468.00 468.75 -0.75
Sep '16 484.00 477.75 478.00 0.00
Dec '16 498.00 491.00 493.00 +0.50
Mar '17 509.50 503.75 504.00 0.00
May '17 513.00 513.00 511.75 +0.75
Jul '17 520.00 520.00 518.75 +0.75
Sep '17 530.00 530.00 530.50 +1.50
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices saw marginal losses today, but again failed to hold gains above support at $4.70 in the July contract. Wheat remains pressured by anther week of weak exports and overall weak global demand.



Grain Sorghum

HighLow
Cash Bids350350
New Crop355285
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids371345
New Crop373347
 

Futures:
CORN
High Low Last Change
Mar '16 363.25 358.50 360.25 0.00
May '16 368.00 363.25 365.00 -0.25
Jul '16 372.75 368.00 369.75 -0.50
Sep '16 377.50 373.00 374.50 -1.00
Dec '16 385.50 381.25 382.75 -0.75
Mar '17 394.50 390.75 392.00 -0.25
May '17 400.25 397.25 398.00 -0.25
Jul '17 403.50 400.00 402.00 0.00
Sep '17 392.00 392.00 394.00 +0.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices closed unchanged today. Strength in the soybean market kept prices out of the red, however another week of disappointing export sales remains a drag on prices. Corn continues to hold support near $3.60, but could see further losses given the weakness in fundamentals and output side market especially the crude oil market.



Cotton

Futures:
COTTON
High Low Last Change
Mar '16 59.03 57.85 58.42 -0.46
May '16 59.35 58.29 58.71 -0.52
Dec '16 60.21 59.15 59.58 -0.54

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

Cotton futures were lower across the board amid high volume as traders roll out of March contracts in order to avoid delivery. 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 testing 61 cents.



Rice

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

Futures:
ROUGH RICE
High Low Last Change
Mar '16 1110.0 1094.0 1101.5 -11.5
May '16 1137.5 1121.0 1129.0 -12.0
Jul '16 1157.0 -11.5
Sep '16 1169.0 1158.5 1168.5 -14.5
Nov '16 1161.0 1161.0 1183.0 -20.5
Jan '17 1186.5 -20.5
Mar '17 1186.5 -20.5
DTN Click here for info on Exchange delays.

Rice Comment

Rice futures traded within yesterday's range before ending lower, 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 '16 131.975 129.475 130.475 -2.000
Apr '16 130.900 128.800 129.875 -1.925
Jun '16 121.150 119.050 120.300 -1.650
Aug '16 117.925 115.900 116.975 -1.925
Oct '16 118.450 116.500 117.575 -1.875
Dec '16 118.400 116.700 117.850 -1.400
Feb '17 117.525 116.025 116.750 -1.500
Apr '17 116.150 115.000 115.825 -1.400
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Mar '16 151.300 146.725 150.625 -0.600
Apr '16 151.075 146.850 150.250 -1.100
May '16 150.600 146.550 149.900 -1.150
Aug '16 151.250 147.225 150.450 -1.275
Sep '16 148.550 145.650 147.725 -1.950
Oct '16 146.425 143.025 145.375 -1.850
Nov '16 141.425 138.650 141.075 -1.475
Jan '17 137.750 134.275 136.500 -1.400
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 lower today as prices remain volatile. With beef prices still weak and a lack of carry in the market cattle prices continue to face a bearish headwind.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Feb '16 65.775 65.150 65.675 +0.525
Apr '16 69.850 67.900 69.450 +1.100
May '16 75.725 74.300 75.500 +0.825
Jun '16 79.850 78.100 79.725 +1.075
Jul '16 79.625 78.275 79.400 +0.600
Aug '16 78.975 77.800 78.750 +0.550
Oct '16 68.500 67.500 68.400 +0.500
Dec '16 63.600 62.600 63.600 +0.600
Feb '17 65.750 65.175 65.725 +0.375
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