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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 Bids1005900
New Crop964885
 

Riceland Foods

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

Futures:
SOYBEANS
High Low Last Change
Aug '15 995.25 979.00 980.75 -9.50
Sep '15 966.50 951.50 953.25 -11.25
Nov '15 952.50 938.00 940.25 -9.75
Jan '16 957.50 943.25 945.75 -9.50
Mar '16 954.75 941.00 944.25 -9.00
May '16 951.00 937.25 940.75 -9.00
Jul '16 953.00 940.75 943.50 -9.25
Aug '16 936.50 -2.25
Sep '16 918.75 916.50 916.75 -6.50
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybeans closed lower again today. While there remains uncertainty over the size of this year crop, there is also uncertainty over demand. While the CEO of Bunge tried to reassure the market China will be there this fall, traders remain skeptical given the large imports from South America in May and June. Soybeans are down a dollar a bushel from their July high, and could see prices move even lower as we approach harvest, if the USDA fails to make significant adjustments in the August report.



Wheat

HighLow
Cash Bids471416
New Crop521516
 

Futures:
WHEAT
High Low Last Change
Sep '15 503.50 495.75 499.25 +2.75
Dec '15 510.00 502.75 504.75 +0.50
Mar '16 516.25 506.75 510.50 -0.75
May '16 519.00 512.50 514.50 -3.25
Jul '16 523.75 514.00 517.00 -1.75
Sep '16 531.00 523.00 526.50 -1.75
Dec '16 544.00 535.00 539.25 +0.50
Mar '17 550.75 550.25 546.50 +0.75
May '17 547.00 +0.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices closed slightly higher as prices continue to find support near $5. While the weakening dollar remains supportive of prices, we will need to start seeing sales if the market is to hold this support.



Grain Sorghum

HighLow
Cash Bids409388
New Crop409371
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids378343
New Crop388325
 

Futures:
CORN
High Low Last Change
Sep '15 377.50 369.25 371.00 -2.25
Dec '15 387.75 379.25 381.25 -2.50
Mar '16 398.50 390.25 392.00 -2.75
May '16 404.75 396.50 398.25 -2.75
Jul '16 410.25 401.50 403.50 -2.75
Sep '16 398.75 391.50 393.25 -3.75
Dec '16 400.00 393.75 395.25 -2.50
Mar '17 408.00 405.50 405.50 -2.00
May '17 411.75 -1.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn price closed lower again, as forecast remain favorable to corn production. Prices remain volatile as we end the month of July. Over the course of the last 4-weeks, the market set new 12-months highs near $4.51 before falling 70-cents over the last 2.5-weeks. The improving weather conditions combined with slow export demand remain a drag on prices and have corn threatening the contract lows near $3.66. Next month’s supply and demand report remain key for the market and will set the tone for the remainder of the year.



Cotton

Futures:
COTTON
High Low Last Change
Oct '15 64.34 63.41 64.01 0.35
Dec '15 64.48 63.27 64.21 0.66
Mar '16 64.39 63.23 64.2 0.63

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

December cotton is testing long-term support, trading below the trendline drawn off the January low before closing above that support, which currently sits at 63.67 cents. Weekly sales were up 79% from last week and were up 64% from the four-week average. 58% of the cotton crop is rated good to excellent with another 35% rated fair and only 8% rated poor to very poor. 85% of the crop is now squaring and 44% 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. The USDA still has an updated planted acres report coming up as they are resurveying some key counties in Texas.



Rice

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

Futures:
ROUGH RICE
High Low Last Change
Sep '15 1165.0 1133.0 1151.5 +8.0
Nov '15 1190.0 1162.5 1177.5 +7.5
Jan '16 1217.0 1198.0 1205.0 +8.0
Mar '16 1225.5 +7.5
May '16 1244.0 +7.5
Jul '16 1244.0 +7.5
Sep '16 1195.0 0.0
DTN Click here for info on Exchange delays.

Rice Comment

September rice futures continue to test resistance at $11.50. Weekly export totals were not spectacular at 8,400 tons of new crop and 49,000 tons of new crop sales. 69% of the crop is in good to excellent condition, down three points from last week. 51% 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 '15 146.525 145.450 146.450 +1.225
Oct '15 147.375 145.775 146.550 +0.100
Dec '15 148.950 147.375 148.050 -0.075
Feb '16 148.950 147.375 147.900 -0.350
Apr '16 147.925 146.400 146.975 -0.200
Jun '16 140.650 139.400 139.800 -0.450
Aug '16 139.250 137.975 138.100 -0.725
Oct '16 141.175 140.275 140.450 -0.425
Dec '16 141.750 141.250 141.625 +0.450
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Aug '15 212.325 210.575 211.475 +0.250
Sep '15 209.550 207.675 208.500 -0.100
Oct '15 207.475 205.575 206.400 -0.200
Nov '15 205.950 204.200 204.800 -0.325
Jan '16 200.350 198.300 199.025 -0.725
Mar '16 198.750 196.625 197.300 -0.875
Apr '16 198.800 196.575 196.650 -1.575
May '16 196.775 195.475 196.775 -0.850
DTN Click here for info on Exchange delays.

Arkansas Prices
Arkansas Weekly Livestock Summary

Cattle Comment

Cattle prices continued their recovery today. After putting in lows last week in live cattle and Monday in feeders, prices have seen a modest recovery. Price support this week from improving boxed beef prices and cash prices that remain at a premium, was enough to offset the somewhat bearish cattle reports released last Friday.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Aug '15 79.725 77.925 78.525 -1.150
Oct '15 65.650 63.050 63.700 -2.000
Dec '15 62.050 59.850 60.475 -1.475
Feb '16 67.900 65.925 66.725 -0.950
Apr '16 72.250 70.275 70.875 -1.025
May '16 76.575 76.575 75.525 -0.725
Jun '16 79.925 77.975 78.525 -1.100
Jul '16 79.100 77.825 77.825 -0.900
Aug '16 76.500 76.500 76.500 -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