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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 Bids977897
New Crop967942
 

Riceland Foods

 
Cash BidsStuttgart: 941Pendleton: 958
New CropStuttgart: 922 Pendleton: 927
 

Futures:
SOYBEANS
High Low Last Change
Nov '14 954.75 934.25 938.25 -18.75
Jan '15 963.00 941.75 945.75 -19.50
Mar '15 970.25 948.25 952.25 -20.50
May '15 977.00 955.00 958.75 -20.75
Jul '15 983.00 960.75 964.25 -21.25
Aug '15 974.50 964.00 966.75 -21.50
Sep '15 962.50 953.50 956.00 -21.75
Nov '15 968.00 947.00 951.50 -19.00
Jan '16 961.75 953.50 957.25 -18.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybeans saw double digit losses today. Large declines continue to push prices towards support at $9. It is entirely possible that prices fall below $9 before harvest is over. There remains a good chance for soybeans to see a technical rally in the coming weeks as recent sharp declines have left prices severely oversold. This rally will offer producers one of their last chances to sell soybeans near $9.50, and could offer opportunities to sell 2015 crop also.



Wheat

HighLow
Cash Bids464390
New Crop498451
 

Futures:
WHEAT
High Low Last Change
Dec '14 480.75 469.50 476.75 +2.25
Mar '15 495.25 483.25 489.50 -1.50
May '15 506.25 493.75 499.00 -3.50
Jul '15 515.00 503.25 508.50 -3.50
Sep '15 528.25 517.75 522.25 -2.75
Dec '15 545.00 534.75 538.25 -3.50
Mar '16 551.00 550.00 549.25 -3.25
May '16 554.00 -4.25
Jul '16 550.00 550.00 550.75 -5.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices closed mixed today as prices found support from the announcement of an Egyptian tender of U.S. Wheat. This sale provided an oversold market with the bullish news it had been waiting on to post positive gains. Look for these gains to be short lived as prices are likely to fall lower once this news is digested.



Grain Sorghum

HighLow
Cash Bids347282
New Crop337337
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids315273
New Crop312287
 

Futures:
CORN
High Low Last Change
Dec '14 331.50 326.75 330.25 -1.25
Mar '15 344.25 339.25 342.75 -1.50
May '15 353.00 348.00 351.25 -1.75
Jul '15 359.75 355.00 358.25 -1.75
Sep '15 367.00 362.75 365.50 -2.00
Dec '15 378.25 373.50 376.25 -2.25
Mar '16 387.50 383.00 385.75 -2.00
May '16 394.50 390.00 392.75 -1.75
Jul '16 399.25 395.00 397.75 -1.50
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices fell against today. While the market remains oversold, prices remain under pressure from a growing crop. With the 10 day forecast showing near optimal conditions for harvest it looks like the Midwest will see large amounts of corn harvested. With reports of high yields, the market is expecting even more corn, and prices will fall even further.



Cotton

Futures:
COTTON
High Low Last Change
Oct '14 65 63.25 64.86 -1.13
Dec '14 64.4 62.22 62.59 -1.8

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

December cotton was sharply lower today, trading as low as 62.22 cents before retracing a small portion of the day’s losses. This brings support at 62.02 cents back in to play. The dollar remains strong, and that is adding pressure to ag markets across the board. However, the big market mover today in cotton is news that China has reduced their import quota for 2015 894,000 metric tons, which is the absolute minimum allowed under their WTO obligations. Last year, China imported between 600,000 and 800,000 metric tons in excess of the minimum.



Rice

HighLow
Long Grain Cash Bids- - -1195/cwt
Long Grain New Crop- - -- - -
 

Futures:
ROUGH RICE
High Low Last Change
Nov '14 1270.5 1254.0 1255.0 -15.0
Jan '15 1289.5 1273.5 1274.0 -15.0
Mar '15 1302.0 1300.0 1291.5 -15.0
May '15 1311.0 -14.0
Jul '15 1329.0 -14.0
Sep '15 1287.5 -14.0
Nov '15 1287.5 -14.0
DTN Click here for info on Exchange delays.

Rice Comment

Rice futures ended lower, unable to escape the negative undertone across the commodity markets. A strong dollar continues to be a factor. November is charting a potential bull flag on the chart, however, and a breakout to the topside would suggest the potential to put 60 cents on the market.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Oct '14 155.650 154.500 155.325 -0.300
Dec '14 159.025 157.450 158.550 -0.150
Feb '15 160.675 158.825 160.275 +0.025
Apr '15 160.000 158.050 159.725 +0.525
Jun '15 151.725 149.750 151.400 +0.350
Aug '15 149.525 147.750 149.250 +0.250
Oct '15 151.000 149.550 150.750 -0.050
Dec '15 151.000 150.000 151.050 +0.600
Feb '16 151.100 150.000 151.200 +1.200
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Sep '14 230.400 229.375 230.200 -0.400
Oct '14 229.650 226.125 229.250 +0.525
Nov '14 227.950 223.750 227.475 +1.150
Jan '15 222.000 218.375 221.550 +0.875
Mar '15 220.050 217.050 219.600 +0.525
Apr '15 219.575 217.950 219.500 +0.500
May '15 219.500 216.450 219.175 +0.525
Aug '15 219.825 218.025 219.500 +1.000
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 mixed today. Prices were pressured by Fridays report that failed to show the reduction in supplies the market was expecting.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Oct '14 107.750 105.675 107.225 +1.250
Dec '14 96.075 94.525 95.575 +0.725
Feb '15 91.950 90.625 91.500 +0.100
Apr '15 90.750 89.575 90.300 +0.200
May '15 91.050 90.750 90.875 -0.125
Jun '15 94.000 93.125 93.500 -0.575
Jul '15 92.000 91.200 91.500 +0.500
Aug '15 89.300 88.750 89.450 +0.200
Oct '15 76.650 76.500 77.200 0.000
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