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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 Bids889814
New Crop885809
 

Riceland Foods

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

Futures:
SOYBEANS
High Low Last Change
Sep '15 885.50 877.00 877.25 -2.50
Nov '15 875.75 865.25 866.50 -3.00
Jan '16 879.75 868.75 869.75 -3.75
Mar '16 881.25 870.00 871.00 -3.50
May '16 881.75 872.25 873.00 -3.50
Jul '16 886.50 875.75 876.25 -3.50
Aug '16 885.25 875.00 875.75 -3.50
Sep '16 866.25 863.75 864.50 -3.50
Nov '16 869.75 859.25 859.75 -3.50
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybeans closed lower again today. Soybeans were down 19-cents as the market continues to be pressured by turmoil in China. While things improved over the last couple of days U.S. markets remain fragile and continue to pressure commodity prices. Oil as well as other commodities continue weaken as a stronger dollar and prospects of the Federal Reserve raising interest rates remain a negative for most markets.



Wheat

HighLow
Cash Bids330330
New Crop473362
 

Futures:
WHEAT
High Low Last Change
Sep '15 459.00 455.50 457.75 +1.25
Dec '15 469.75 463.00 467.75 +2.50
Mar '16 478.50 472.00 476.25 +2.50
May '16 484.25 477.75 482.25 +2.75
Jul '16 489.00 482.50 486.75 +2.50
Sep '16 498.25 493.00 496.00 +2.75
Dec '16 512.00 506.50 510.00 +2.50
Mar '17 520.75 +2.25
May '17 523.75 +2.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat price closed slightly higher today as the market continues to try and set a bottom. After losing 8-cents for the week, this week may have marketed a near term low for wheat. However, with slow exports and improving supply outlook we could see additional losses in the wheat market.



Grain Sorghum

HighLow
Cash Bids367323
New Crop367287
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids350318
New Crop360324
 

Futures:
CORN
High Low Last Change
Sep '15 350.75 346.75 349.50 +1.75
Dec '15 364.75 360.50 363.00 +1.50
Mar '16 376.25 371.75 374.50 +1.50
May '16 383.00 379.00 381.50 +1.50
Jul '16 388.25 384.25 386.50 +1.00
Sep '16 383.25 380.00 381.50 +0.50
Dec '16 391.25 387.00 388.25 +0.25
Mar '17 400.25 398.50 399.25 +0.50
May '17 406.00 405.50 405.75 +0.50
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices closed slightly higher today; however it was not enough to erase losses on the week as December closed down 12-cents on the week. Corn prices closed slightly higher as talk began to focus on the USDA lowering yields in the September 11 report. Corn prices continue to trade near the bottom of recent trading range and just a few cents above overall contract lows. Until demand picks up we could see prices stay low as it will likely take the USDA a few months to make meaningful adjustments to yields.



Cotton

Futures:
COTTON
High Low Last Change
Oct '15 63 62.5 63.07 -0.05
Dec '15 62.86 62.42 62.62 -0.14
Mar '16 62.56 62.16 62.4 -0.1

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

Cotton futures ended a bit lower. Concerns about the Chinese economy continue to overshadow the smaller U.S. crop for now. From a technical perspective, December is attempting to consolidate just above support at 62 cents. A close below that level would bring the contract low of 61.20 back into play.



Rice

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

Futures:
ROUGH RICE
High Low Last Change
Sep '15 1185.0 +5.5
Nov '15 1215.0 1205.5 1211.0 +5.0
Jan '16 1239.0 1235.5 1240.0 +5.0
Mar '16 1265.0 +6.0
May '16 1288.0 +6.5
Jul '16 1304.5 +6.5
Sep '16 1210.0 1210.0 1222.0 +12.5
DTN Click here for info on Exchange delays.

Rice Comment

Rice futures were little changed today. The weekly export report showed 66,000 metric tons sold to foreign buyers today. USDA says that 26% of the crop had been harvested as of Sunday, August 29. Yield reports are disappointing for a lot of farmers so far this year, which could result in a reduced production total in the next report. November moved back above psychological resistance at $12 and is in position to test resistance around $12.25.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Oct '15 141.250 140.250 140.525 -1.075
Dec '15 143.500 142.600 142.875 -1.000
Feb '16 143.425 142.475 142.775 -0.950
Apr '16 142.250 141.375 141.775 -0.900
Jun '16 134.175 133.300 133.750 -0.775
Aug '16 132.300 131.425 131.800 -0.800
Oct '16 134.500 133.500 133.700 -1.050
Dec '16 135.050 134.400 134.825 -0.950
Feb '17 134.925 -0.200
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Sep '15 202.200 200.900 201.150 -1.400
Oct '15 196.925 195.225 195.625 -1.700
Nov '15 194.000 192.275 192.925 -1.525
Jan '16 187.800 186.100 186.725 -1.475
Mar '16 184.675 183.350 183.925 -1.475
Apr '16 184.925 184.050 184.300 -1.450
May '16 184.325 183.350 183.925 -1.500
Aug '16 184.750 184.000 184.575 -1.675
DTN Click here for info on Exchange delays.

Arkansas Prices
Arkansas Weekly Livestock Summary

Cattle Comment

Cattle prices ended the week with more losses today. For the week, live cattle prices were down $6 from last Friday and feeders were down almost $9 from last Thursday. Both markets gapped lower and could see additional losses in the coming weeks that would push both prices back to near contract lows.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Oct '15 69.900 68.950 69.150 -0.300
Dec '15 64.275 63.225 63.375 -0.650
Feb '16 68.350 67.475 67.625 -0.425
Apr '16 72.000 71.300 71.500 -0.225
May '16 76.450 76.350 76.400 -0.250
Jun '16 80.000 79.450 79.450 -0.350
Jul '16 79.075 78.700 78.700 -0.275
Aug '16 78.475 77.850 77.875 -0.175
Oct '16 67.625 67.475 67.025 -0.450
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