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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 Bids12931207
New Crop11801035
 

Riceland Foods

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

Futures:
SOYBEANS
High Low Last Change
Aug '14 1235.75 1215.00 1220.50 -6.00
Sep '14 1123.50 1100.00 1102.25 -19.25
Nov '14 1098.25 1076.50 1081.25 -13.75
Jan '15 1105.50 1084.25 1089.00 -13.25
Mar '15 1111.75 1091.00 1095.75 -12.50
May '15 1117.75 1096.75 1102.50 -11.50
Jul '15 1123.50 1105.00 1109.50 -10.75
Aug '15 1114.00 1114.00 1104.75 -11.00
Sep '15 1098.75 1089.75 1087.00 -11.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybean prices continue to give back gains and are now lower on the week. As weather forecasts improve, the prospects remain for record yields and production here in the U.S. If tomorrow's sales report fails to impress traders soybeans could move back to test contract lows near $10.57.



Wheat

HighLow
Cash Bids500444
New Crop580528
 

Futures:
WHEAT
High Low Last Change
Sep '14 529.00 519.75 527.25 +7.25
Dec '14 552.25 542.75 549.50 +5.75
Mar '15 576.00 566.50 572.75 +4.50
May '15 590.00 582.00 586.75 +3.25
Jul '15 601.00 593.25 597.50 +3.50
Sep '15 610.00 610.00 609.50 +3.00
Dec '15 628.25 621.00 625.00 +3.00
Mar '16 634.50 +2.75
May '16 637.50 +3.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices bounced off of new lows yesterday and closed up today on technical buying. Fundamentals remain weak for wheat and strengthening dollar would usually push prices lower. These gains will be difficult to maintain in the face of these weak fundamentals.



Grain Sorghum

HighLow
Cash Bids426312
New Crop421297
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids392355
New Crop371323
 

Futures:
CORN
High Low Last Change
Sep '14 364.25 357.75 361.75 +0.25
Dec '14 374.00 367.00 371.50 +0.50
Mar '15 385.50 379.00 383.50 +0.50
May '15 393.75 387.75 391.50 +0.25
Jul '15 401.25 395.00 399.25 +0.25
Sep '15 407.75 402.75 406.50 0.00
Dec '15 415.25 410.00 414.00 +0.50
Mar '16 424.00 420.25 423.00 +0.50
May '16 430.00 426.50 429.75 +0.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices showed modest gains on light trading today. Prices seem to be settling in a range between $3.80 and $3.60. Losses have been limited in recent days as good demand continues to support prices. While lower prices have spurred new demand, it is unlikely prices have found their bottom. The potential remains for higher yields and even more production.



Cotton

Futures:
COTTON
High Low Last Change
Oct '14 64.76 63.07 63.34 -1.1
Dec '14 65.25 63.76 64 -1.01
Dec '15 70.37 69.11 69.21 -1.05

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

Cotton prices continued to decline today. A stronger dollar added more negative fundamentals to this market. Look for prices to try and move higher as prices are severely oversold. With while weather has turned drier in parts of Texas the forecast remains for strong production and more stocks.



Rice

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

Futures:
ROUGH RICE
High Low Last Change
Sep '14 1320.0 1296.5 1297.0 -16.0
Nov '14 1334.0 1319.0 1320.0 -15.5
Jan '15 1336.0 -16.0
Mar '15 1353.0 -15.5
May '15 1370.0 -14.5
Jul '15 1388.0 -14.5
Sep '15 1373.0 -23.0
DTN Click here for info on Exchange delays.

Rice Comment

Rice prices gave back most of yesterday's gains, prices remain under pressure from a large crop forecast and lackluster demand. Rice needs to see improved export sales tomorrow to prevent prices from testing recent lows near $13.09.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Aug '14 160.125 158.650 160.050 +1.275
Oct '14 160.275 158.925 160.225 +1.150
Dec '14 159.975 158.975 159.975 +0.825
Feb '15 159.225 158.050 159.150 +1.100
Apr '15 158.625 157.525 158.575 +0.725
Jun '15 150.075 149.400 149.825 +0.525
Aug '15 148.425 147.875 148.075 +0.425
Oct '15 150.000 149.300 149.300 -0.200
Dec '15 150.000 148.300 148.500 +0.100
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Aug '14 223.375 221.650 223.350 +1.925
Sep '14 224.500 222.600 224.425 +1.975
Oct '14 224.275 222.350 224.275 +2.150
Nov '14 223.375 221.475 223.275 +2.025
Jan '15 217.275 215.500 217.225 +2.525
Mar '15 214.225 213.000 214.000 +1.625
Apr '15 214.000 212.500 214.000 +1.600
May '15 214.000 212.750 213.500 +1.500
DTN Click here for info on Exchange delays.

Arkansas Prices
Conway Livestock Auction
Pocahontas Livestock Auction

Oklahoma City
Oklahoma City - Weekly Weighted Average Summary Wednesday

Cattle Comment

Cattle prices closed mixed today, as cash prices remain strong. Prices continue to be supported by tight supplies. Last week the USDA estimated that U.S. Herd was only 95 million head, down 3% from two years ago! and the lowest level since the USDA began tracking these figures in the 70's.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Aug '14 121.400 118.500 118.775 -2.675
Oct '14 106.750 103.075 103.475 -2.600
Dec '14 96.800 93.600 93.800 -2.800
Feb '15 92.325 89.100 89.325 -2.775
Apr '15 92.275 89.325 89.325 -3.000
May '15 91.900 89.025 89.025 -2.675
Jun '15 93.600 90.700 90.700 -3.000
Jul '15 92.125 89.400 89.400 -3.000
Aug '15 90.250 88.000 88.000 -2.400
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