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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 Bids1049979
New Crop985920
 

Riceland Foods

 
Cash BidsStuttgart: Pendleton:
New CropStuttgart: Pendleton:
 

Futures:
SOYBEANS
High Low Last Change
Mar '15 1015.00 998.50 1008.75 -2.50
May '15 1018.00 1002.00 1012.25 -1.50
Jul '15 1022.50 1007.25 1017.25 -0.50
Aug '15 1019.75 1005.25 1015.25 0.00
Sep '15 1002.00 990.00 999.25 +1.00
Nov '15 990.00 978.00 987.75 +2.50
Jan '16 993.25 982.25 992.00 +2.50
Mar '16 995.75 985.75 995.00 +2.50
May '16 995.25 988.25 998.00 +2.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybeans closed mixed as the market continues to get mixed signals out of South America. As the Brazilian trucker strike ends, now Argentine farmers are planning to halt sales as a protest to overtaxation of the farmers in Argentina. While this will have little long term impact, it was something for the trade to latch onto today.



Wheat

HighLow
Cash Bids475460
New Crop----
 

Futures:
WHEAT
High Low Last Change
Mar '15 509.50 500.50 508.75 +0.75
May '15 507.00 493.00 506.00 +6.00
Jul '15 510.50 496.75 509.75 +5.75
Sep '15 519.00 504.75 518.25 +6.00
Dec '15 533.25 519.75 532.50 +6.00
Mar '16 542.00 530.50 543.25 +6.00
May '16 544.50 538.00 549.25 +6.25
Jul '16 545.50 539.75 547.25 +5.25
Sep '16 553.50 +5.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat closed mostly higher today. While outside markets were mixed and showed little signs of strength today, wheat stood out as prices rallied back from yesterday's losses. Fundamentals remain weak in this market, as technical buying continues to hold July wheat above $5.



Grain Sorghum

HighLow
Cash Bids483453
New Crop463417
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids408370
New Crop403360
 

Futures:
CORN
High Low Last Change
Mar '15 382.75 375.75 382.00 +3.25
May '15 391.75 384.50 391.00 +3.00
Jul '15 399.75 393.00 399.25 +3.00
Sep '15 407.25 400.25 406.75 +3.25
Dec '15 417.00 410.25 416.50 +3.25
Mar '16 425.75 419.25 425.50 +3.25
May '16 431.50 425.50 432.00 +3.25
Jul '16 437.00 431.00 436.75 +3.00
Sep '16 426.00 425.75 429.25 +2.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn closed the day up slightly. The market saw some technical buying after yesterday's sharp losses. This market remains unwilling to make a strong move in either direction as prices remain locked between $4 and $4.25. New crop price will likely remain in the sideways trading pattern until new fundamental news arrises that can move this market.



Cotton

Futures:
COTTON
High Low Last Change
Mar '15 64.20 63.71 63.73 -0.9
May '15 64.63 63.52 63.63 -1.22
Dec '15 65.85 64.96 65.12 -0.96

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

Cotton futures were lower today as the recent rally is showing signs of running out of steam. Last week's failure at 66 cents for May and 66.5 cents for December could be the top for the time being. The market has been supported by tight certified stocks and brisk exports the past few weeks. The weekly export total came in at 78,100 running bales, bringing the total for the marketing year to 93% of the USDA projection. USDA has pegged all-cotton plantings at 9.7 million acres, down 12.1% from last year, but up from the 9.4 million acres projected by the National Cotton Council. Despite lower acreage, competition from cheap synthetics could potentially keep a lid on prices.



Rice

HighLow
Long Grain Cash Bids
Long Grain New Crop
 

Futures:
ROUGH RICE
High Low Last Change
Mar '15 1035.0 1035.0 1036.0 -17.5
May '15 1084.0 1061.0 1062.5 -17.0
Jul '15 1103.5 1086.5 1087.5 -17.0
Sep '15 1110.0 1110.0 1103.5 -10.5
Nov '15 1124.5 -6.0
Jan '16 1138.0 -5.5
Mar '16 1138.0 -5.5
DTN Click here for info on Exchange delays.

Rice Comment

Rice futures turned lower today amid light volume. USDA has pegged the 2015 crop at 2.9 million acres, just under last year's acreage of 2.93 million, thus confirming there will be another big crop. The big question is how much medium grain with southern farmers produce. Depressed long grain prices and the drought in California could influence planting decisions. The market will have support at the recent spike low, which is $10.28 for May. Resistance begins at the recent high of $11.16.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Apr '15 153.500 150.775 150.975 -2.475
Jun '15 145.800 143.325 143.500 -2.300
Aug '15 143.800 141.925 142.025 -1.650
Oct '15 146.375 144.825 145.075 -1.275
Dec '15 147.100 145.475 145.725 -1.325
Feb '16 146.225 145.450 145.450 -1.325
Apr '16 145.300 144.925 145.000 -1.175
Jun '16 139.225 138.400 138.500 -0.775
Aug '16 138.500 -0.775
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Mar '15 204.375 202.275 202.400 -1.700
Apr '15 202.300 199.700 199.875 -2.250
May '15 200.450 197.800 197.950 -2.575
Aug '15 202.750 200.450 200.700 -2.000
Sep '15 201.450 199.500 199.500 -2.275
Oct '15 200.700 198.550 198.550 -2.050
Nov '15 198.725 198.000 198.100 -1.550
Jan '16 194.500 -1.150
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 closed lower today. After yesterday's sharp gains this market failed to hold gains. The fundamental remain bearish as we face larger supplies and stocks heading into the spring. Cattle prices will likely continue to trade sideways to lower as weak fundamental remain a drag on the market.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Apr '15 67.825 65.500 65.825 -1.850
May '15 80.175 77.400 77.750 -2.550
Jun '15 83.175 80.325 80.825 -2.225
Jul '15 83.650 80.975 81.450 -2.175
Aug '15 83.500 80.800 81.250 -2.175
Oct '15 72.200 69.675 70.100 -2.000
Dec '15 68.250 66.350 66.625 -1.925
Feb '16 70.300 68.775 69.025 -1.575
Apr '16 71.500 70.800 70.900 -1.375
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