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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 Bids989896
New Crop946871
 

Riceland Foods

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

Futures:
SOYBEANS
High Low Last Change
Aug '15 986.50 971.00 976.00 -1.50
Sep '15 957.00 942.75 948.75 +3.75
Nov '15 949.00 933.25 942.25 +6.75
Jan '16 954.50 939.25 947.75 +6.75
Mar '16 952.50 938.75 945.25 +5.75
May '16 948.00 936.00 941.25 +4.50
Jul '16 951.25 942.25 944.75 +4.25
Aug '16 938.75 +3.75
Sep '16 919.75 +4.50
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybeans ended mixed with November closing higher. Yesterday’s spike low of $9.26 1/4 will be the first level of support. A weaker dollar was supportive today, but nothing has changed fundamentally. The Midwest is expected to receive beneficial rains throughout the week.



Wheat

HighLow
Cash Bids473448
New Crop522517
 

Futures:
WHEAT
High Low Last Change
Sep '15 506.75 491.25 493.50 -5.50
Dec '15 513.25 498.50 500.25 -4.75
Mar '16 520.00 506.00 508.00 -4.00
May '16 522.00 511.25 512.75 -3.50
Jul '16 527.25 516.00 516.50 -2.25
Sep '16 531.75 530.75 525.50 -1.00
Dec '16 547.50 537.75 537.75 +0.50
Mar '17 544.50 +0.50
May '17 545.00 +0.50
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices were mostly lower again today. The market remains pressured by slow exports and a lack of demand. Crop conditions continue to improve for the spring wheat crop, and we could see price weaken further heading into the fall.



Grain Sorghum

HighLow
Cash Bids402369
New Crop407382
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids371337
New Crop381318
 

Futures:
CORN
High Low Last Change
Sep '15 372.75 366.75 368.75 +2.25
Dec '15 382.75 376.50 378.75 +2.25
Mar '16 393.50 387.50 389.75 +2.50
May '16 399.75 394.00 396.00 +2.50
Jul '16 404.00 399.00 401.00 +2.00
Sep '16 394.25 390.00 392.00 +3.00
Dec '16 397.75 393.00 395.50 +3.50
Mar '17 405.50 403.75 405.75 +3.50
May '17 412.00 +3.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn futures closed in the black across the board today. December found support at $3.74 yesterday, with additional support at the June low of $3.62 ½. Fundamentals remain unchanged, however, with a favorable forecast this week for much of the corn belt and the potential for good yields.



Cotton

Futures:
COTTON
High Low Last Change
Oct '15 65.49 65.01 64.91 -0.45
Dec '15 64.25 63.37 63.64 -0.36
Mar '15 64.18 63.37 63.62 -0.36

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

December cotton continues to test long-term support, trading below the trendline drawn off the January low before closing above that support, which currently sits at 63.70 cents. Weekly sales were up 79% from last week and were up 64% from the four-week average. 57% of the cotton crop is rated good to excellent with another 35% rated fair and only 8% rated poor to very poor. 92% of the crop is now squaring and 57% is setting bolls. Outside economic factors continue to limit the upside potential of the market. The U.S. crop is in relatively good condition with no apparent weather problems, which is also a limiting factor.



Rice

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

Futures:
ROUGH RICE
High Low Last Change
Sep '15 1153.5 1134.0 1145.5 +6.0
Nov '15 1175.5 1167.0 1171.0 +5.0
Jan '16 1199.5 -5.5
Mar '16 1221.5 +8.0
May '16 1240.0 +8.0
Jul '16 1240.0 +8.0
Sep '16 1191.0 +8.0
DTN Click here for info on Exchange delays.

Rice Comment

Rice futures traded in a narrow range before closing higher. September continues to struggle with resistance at $11.50 while November has resistance at $11.90. 70% of the crop is in good to excellent condition, up a point from last week. 63% of the crop is now headed. Analysts are beginning to watch the El Nino weather pattern which is causing a drought in Thailand and drier weather in India, and contend that it has not yet been factored into rice prices at this level.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Aug '15 148.700 147.800 148.375 +0.375
Oct '15 148.875 147.725 148.100 0.000
Dec '15 150.350 149.350 149.625 +0.225
Feb '16 149.950 149.100 149.475 +0.275
Apr '16 148.575 147.675 147.975 -0.050
Jun '16 141.375 140.350 140.950 -0.050
Aug '16 139.500 138.600 139.175 0.000
Oct '16 141.625 140.675 141.325 -0.150
Dec '16 142.350 142.350 142.300 -0.125
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Aug '15 215.200 213.600 214.075 +0.225
Sep '15 212.200 210.475 210.825 0.000
Oct '15 210.075 208.350 208.875 +0.050
Nov '15 208.400 206.675 207.125 -0.175
Jan '16 202.450 201.025 201.575 +0.025
Mar '16 200.000 198.600 198.975 -0.275
Apr '16 199.725 198.675 198.800 -0.725
May '16 198.750 198.150 198.150 -0.100
DTN Click here for info on Exchange delays.

Arkansas Prices
Ft. Smith Livestock Auction
Heber Springs Livestock Auction

Oklahoma City
Oklahoma City - Feeder Cattle Auction Weighted Average Report

Cattle Comment

Cattle prices ended higher but gains were more tempered than yesterday’s huge rally. Improving wholesale beef prices combined with lower corn prices have given the market a boost.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Aug '15 81.575 80.125 81.375 +1.175
Oct '15 67.700 65.325 67.675 +2.350
Dec '15 63.375 61.300 63.325 +1.425
Feb '16 68.875 67.125 68.875 +0.900
Apr '16 72.550 71.500 72.475 +0.350
May '16 76.575 76.575 76.575 +0.225
Jun '16 79.900 78.975 79.825 +0.125
Jul '16 79.050 78.000 78.975 +0.350
Aug '16 77.175 76.975 77.175 +0.675
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