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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 Bids910831
New Crop907841
 

Riceland Foods

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

Futures:
SOYBEANS
High Low Last Change
Sep '15 898.00 880.75 897.50 +4.25
Nov '15 888.50 871.00 887.50 +2.00
Jan '16 893.25 876.00 892.25 +1.50
Mar '16 894.75 877.75 893.75 +1.50
May '16 897.25 880.75 896.50 +1.50
Jul '16 901.00 884.75 900.25 +1.75
Aug '16 899.75 885.00 899.75 +2.50
Sep '16 876.50 873.00 888.00 +2.50
Nov '16 884.50 867.75 883.75 +4.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybeans continue to see gains today's. Another large export sale was reported today which may indicate that foreign markets are taking advantage of low soybean prices. While there remains some concern about the size of the crop all eyes remain on China. Soybeans need this market to remain robust if prices are to stay between $8.50 and $9. Should the China market weaken more and this lead to slower demand we could easily see soybean prices tumble, especially given the prospects for another big South American Crop.



Wheat

HighLow
Cash Bids350350
New Crop492382
 

Futures:
WHEAT
High Low Last Change
Sep '15 484.00 470.75 482.50 +5.50
Dec '15 486.50 476.50 485.00 +1.25
Mar '16 492.75 483.75 490.25 -1.50
May '16 497.50 489.00 494.25 -2.75
Jul '16 502.00 493.00 498.00 -3.25
Sep '16 508.75 502.00 506.50 -4.25
Dec '16 521.50 515.25 519.50 -4.75
Mar '17 529.25 -4.50
May '17 532.50 -4.50
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices were able to post modest gains despite continued weak fundamentals. Wheat prices have little support from the fundamentals at this time and however, prices look to be trying to find a bottom and could see a technical recovery if the broader market will provide support for prices.



Grain Sorghum

HighLow
Cash Bids370332
New Crop370333
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids375333
New Crop375337
 

Futures:
CORN
High Low Last Change
Sep '15 365.25 359.75 363.75 +0.50
Dec '15 377.00 370.50 375.25 +0.25
Mar '16 388.00 382.00 386.25 -0.25
May '16 394.50 388.50 392.75 -0.25
Jul '16 399.00 393.50 397.25 -0.25
Sep '16 394.00 388.00 391.75 0.00
Dec '16 401.25 395.75 399.50 +0.50
Mar '17 409.00 408.00 409.75 +0.25
May '17 415.50 415.50 416.00 +0.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices posted modest losses today as the market continues to search for bullish news. The forecast remains mostly favorable for corn production; however the market will closely watch this to see if the warm dry weather begins to affect the crop. The market continues to wait for additional demand news before a major rally. Longer term traders will be watching to see if the U.S.crop shrinks which would result in a further draw down in stocks this year.



Cotton

Futures:
COTTON
High Low Last Change
Oct '15 64.1 64.1 63.74 -0.01
Dec '15 63.53 62.4 63. 0
Mar '16 63.24 62.17 62.58 -0.1

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

Cotton futures ended mostly lower with most active December unchanged. The market continues to be concerned about a global economic slow down and China in particular, as it has the potential to impact cotton demand. That concern is overshadowing the smaller U.S. crop for now. December futures continued to retrace the gains charted in reaction to the monthly supply/demand report with the next support at the contract low of 61.25.



Rice

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

Futures:
ROUGH RICE
High Low Last Change
Sep '15 1194.0 1160.0 1188.0 +29.0
Nov '15 1224.5 1180.0 1216.0 +27.5
Jan '16 1246.0 1238.0 1245.0 +27.0
Mar '16 1278.0 1269.5 1270.0 +26.0
May '16 1291.5 1291.5 1294.0 +25.5
Jul '16 1294.5 1294.5 1313.0 +40.5
Sep '16 1195.0 1195.0 1215.5 +42.0
DTN Click here for info on Exchange delays.

Rice Comment

Rice futures continued to climb today. The market has taken the rice stocks report pretty much in stride, as the totals weren't entirely unexpected. Rough rice in all positions on August 1, 2015 were up 61% from the 2014 total. Stocks held on farms totalled 1.48 million cwt and off farm stocks totalled 41.3 million cwt. Milled rice stocks were up nine percent from a year ago at 4.06 million cwt. November found resistance at $12.25 today, with additional resistance at the recent high of $12.34.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Aug '15 147.325 144.400 145.500 -1.025
Oct '15 144.550 142.950 143.175 -0.800
Dec '15 146.725 145.200 145.325 -0.725
Feb '16 146.525 144.875 145.025 -0.875
Apr '16 145.150 143.500 143.525 -1.150
Jun '16 136.850 135.425 135.575 -1.025
Aug '16 135.100 133.650 133.675 -1.275
Oct '16 137.325 135.950 136.100 -1.225
Dec '16 137.275 -1.125
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Sep '15 204.725 201.550 202.425 +0.025
Oct '15 200.950 197.725 198.350 -0.575
Nov '15 198.400 194.975 195.375 -1.200
Jan '16 192.275 188.875 189.475 -1.100
Mar '16 189.975 186.400 186.825 -1.825
Apr '16 190.300 187.000 187.100 -2.225
May '16 190.000 186.900 187.500 -1.450
Aug '16 190.000 188.600 188.050 -0.650
DTN Click here for info on Exchange delays.

Arkansas Prices
Ash Flat Livestock Auction
Ola Livestock Auction
Springdale Livestock Auction

Oklahoma City
Oklahoma City - Feeder Cattle Auction Weighted Average Report

Cattle Comment

Cattle prices closed lower today. The late rally last week failed to carryover, concerns about the broader economy and strong dollar remain a concern for demand both in the domestic and international markets.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Oct '15 68.225 66.400 68.025 +1.600
Dec '15 63.725 61.975 63.525 +1.475
Feb '16 67.650 66.150 67.450 +1.275
Apr '16 71.275 70.075 71.025 +0.975
May '16 75.500 75.500 75.725 +0.900
Jun '16 79.500 78.500 79.500 +1.000
Jul '16 78.500 77.725 78.500 +0.900
Aug '16 77.400 76.500 77.350 +0.725
Oct '16 66.950 66.750 66.950 +0.625
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