Print this page

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 Bids12871021
New Crop11071021
 

Riceland Foods

 
Cash BidsStuttgart: 1085Pendleton: 1092
New CropStuttgart: - - - Pendleton: - - -
 

Futures:
SOYBEANS
High Low Last Change
Aug '14 1231.25 1217.50 1224.50 +4.00
Sep '14 1105.75 1094.00 1099.75 -2.50
Nov '14 1087.50 1075.50 1082.00 +0.75
Jan '15 1095.25 1083.50 1090.25 +1.25
Mar '15 1102.50 1091.00 1097.50 +1.75
May '15 1109.25 1098.00 1104.00 +1.50
Jul '15 1115.75 1104.75 1110.25 +0.75
Aug '15 1110.50 1101.50 1105.75 +1.00
Sep '15 1089.50 1089.25 1088.50 +1.50
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybean prices strengthened as strong exports helped support prices. Soybeans continue to see strong demand not only for new crop beans but also for old crop sales as Argentina and Brazil have seen stocks build in both countries. The danger for the market now is that both South America and the U.S. are going to have record soybean supplies in 2014/15. Look for these gains to be limited and move lower ahead of harvest.



Wheat

HighLow
Cash Bids502452
New Crop584500
 

Futures:
WHEAT
High Low Last Change
Sep '14 536.25 523.50 530.25 +3.00
Dec '14 556.50 545.25 550.25 +0.75
Mar '15 579.00 568.00 572.25 -0.50
May '15 592.25 583.50 586.00 -0.75
Jul '15 602.25 591.75 595.75 -1.75
Sep '15 605.75 604.75 607.50 -2.00
Dec '15 628.00 620.00 622.50 -2.50
Mar '16 633.00 630.00 632.25 -2.25
May '16 635.00 635.00 634.75 -2.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices strengthened today as strong exports provided support for this market. Strong exports combined with stronger soybeans provided support for wheat prices. These factors have helped strengthen this oversold market improving wheats technical situation.



Grain Sorghum

HighLow
Cash Bids421312
New Crop421297
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids392351
New Crop377324
 

Futures:
CORN
High Low Last Change
Sep '14 361.50 356.75 357.00 -4.75
Dec '14 371.50 366.75 367.00 -4.50
Mar '15 383.50 379.00 379.50 -4.00
May '15 391.75 387.50 387.75 -3.75
Jul '15 399.50 395.00 395.25 -4.00
Sep '15 406.00 402.50 402.50 -4.00
Dec '15 413.75 410.00 410.75 -3.25
Mar '16 421.25 420.50 420.25 -2.75
May '16 428.00 426.00 427.00 -2.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices fall today as prices failed to hold yesterday's despite impressive export sales for 2014/15. While next years sales were strong we are getting late in 2013/14 and sales are running behind USDA forecast. This could cause the USDA to lower exports in the August report. With crop conditions continuing to be great we could see higher production and more beginning stocks in 2014/15 which would put additional pressure on prices. Adding additional pressure to corn today is the Argentine default on debt. This will likely cause inflation within Argentina and could pull additional corn out of stocks.



Cotton

Futures:
COTTON
High Low Last Change
Oct '14 63.3 61.9 62.09 -1.25
Dec '14 64 62.32 62.87 -1.13

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

December cotton continued lower again today, setting yet another contract low and losing a total of 14.5% of its value in July. The market is now trading well below below the 10-year average of 74.38 cents and the 20 –year average of 69.20 cents. The crop remains in good condition and the potential for a large crop remains likely. Export sales last week were down from the previous week, but old crop shipments are now at 99% of the USDA estimate for the year while new crop commitments reached 36% of USDA’s estimate.



Rice

HighLow
Long Grain Cash Bids- - -1223/cwt
Long Grain New Crop- - -- - -
 

Futures:
ROUGH RICE
High Low Last Change
Sep '14 1303.0 1293.5 1298.5 +1.5
Nov '14 1325.5 1316.5 1321.0 +1.0
Jan '15 1339.5 1333.0 1335.0 -1.0
Mar '15 1351.5 -1.5
May '15 1368.0 -2.0
Jul '15 1386.0 -2.0
Sep '15 1368.5 -4.5
DTN Click here for info on Exchange delays.

Rice Comment

Rice futures traded in a narrow range and ended mixed. The rice crop remains in good shape, with the percentage of rice in good to excellent condition nationwide improved to 71% last week. Slow exports and large world stocks are also limiting the upside potential. September has support at $12.78 ½, and November has support at $13.01.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Aug '14 160.175 157.500 157.550 -2.300
Oct '14 160.100 156.925 156.925 -3.000
Dec '14 160.000 157.400 157.450 -2.475
Feb '15 159.375 156.825 156.850 -2.275
Apr '15 158.850 156.275 156.275 -2.275
Jun '15 150.100 147.600 147.600 -2.200
Aug '15 148.100 146.025 146.025 -1.875
Oct '15 149.300 148.200 148.500 -1.125
Dec '15 149.000 147.800 148.250 -0.350
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Aug '14 223.550 220.425 220.500 -2.525
Sep '14 224.675 221.200 221.200 -3.000
Oct '14 224.350 221.025 221.025 -3.000
Nov '14 223.525 219.975 219.975 -3.000
Jan '15 217.300 213.850 213.850 -3.000
Mar '15 213.775 210.650 210.650 -2.825
Apr '15 211.750 211.000 211.250 -2.750
May '15 213.925 210.650 210.650 -2.850
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 sharply lower on technical selling. Losses will be limited as fundamentals remain strong for this market.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Aug '14 120.500 117.550 117.675 -1.475
Oct '14 105.850 102.550 102.825 -0.875
Dec '14 96.375 93.250 93.800 -0.650
Feb '15 91.775 88.925 89.600 -0.550
Apr '15 90.975 88.625 88.900 -0.600
May '15 90.275 89.625 89.500 0.000
Jun '15 92.950 90.550 91.250 -0.100
Jul '15 91.600 89.700 90.100 +0.300
Aug '15 89.450 88.050 88.400 -0.250
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