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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 Bids1075987
New Crop10701050
 

Riceland Foods

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

Futures:
SOYBEANS
High Low Last Change
Jan '15 1035.75 1022.50 1030.50 -4.50
Mar '15 1044.00 1030.25 1038.50 -4.75
May '15 1051.00 1037.75 1046.00 -4.25
Jul '15 1056.25 1043.50 1052.00 -4.00
Aug '15 1052.00 1044.50 1050.75 -3.00
Sep '15 1034.50 1024.00 1032.50 -2.00
Nov '15 1022.00 1008.50 1017.50 -2.25
Jan '16 1025.00 1014.50 1023.25 -2.00
Mar '16 1024.50 1023.00 1028.50 -2.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybean prices posted marginal losses managed to closed lower on the week. Soybeans may be beginning to feel the pressure of a forecast record South American crop. Prices for new crop soybeans have been unable to break the $10.50 ceiling that has been put in place. With private forecast predicting another record soybean acreage in the U.S. we could see soybean stocks move over 500 million bushels. If weather were to be dry those stocks would likely remain closer to 400 million still ample supplies for our market. The soybean market will likely continue to feel the pressure of large supplies, and will need strong demand reports to prevent a collapse in prices.



Wheat

HighLow
Cash Bids660570
New Crop615590
 

Futures:
WHEAT
High Low Last Change
Mar '15 654.50 629.25 632.25 -23.00
May '15 655.00 632.00 635.00 -21.75
Jul '15 652.50 629.00 634.25 -19.75
Sep '15 648.50 635.00 641.25 -19.50
Dec '15 668.00 643.50 650.75 -19.25
Mar '16 666.25 650.75 656.00 -19.50
May '16 650.00 -19.25
Jul '16 631.00 620.25 623.00 -15.75
Sep '16 625.75 -15.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices collapsed today. The July wheat contract fell almost 20-cents. This is likely the result of profit taking and weakening in the technical picture for wheat. Prices remain overbought, while the market is reacting to a collapse in Russia and failing to examine the overall global supply and demand picture. Much like the large gains this market got from the conflict in the Ukraine, wheat prices will likely quickly give these gains back as the global situation for wheat is that supplies are forecast to surpass demand by almost 10 million tons.



Grain Sorghum

HighLow
Cash Bids491396
New Crop501501
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids421392
New Crop421396
 

Futures:
CORN
High Low Last Change
Mar '15 411.25 405.00 410.50 -0.50
May '15 419.75 413.50 419.00 -0.50
Jul '15 426.75 420.00 426.00 -0.25
Sep '15 429.25 423.25 428.25 -0.25
Dec '15 435.50 429.00 435.00 +0.25
Mar '16 444.00 437.75 443.50 +0.50
May '16 448.00 445.75 449.25 +0.50
Jul '16 452.00 448.50 453.25 +0.75
Sep '16 437.00 435.75 441.25 +2.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices closed mixed today. The market had little support from a fundamental standpoint, and we likely saw some profit taking ahead of the holidays. The good news for prices is that private estimates still show declines in corn acres for next year, and if we were to have a weather event corn stocks could become very tight. Given the current acreage forecasts if weather conditions become dry we could see corn stocks become very tight in 2015.



Cotton

Futures:
COTTON
High Low Last Change
Mar '15 60.96 60.31 60.89 0.07
May '15 61.42 60.82 61.35 -0.04
Dec '15 64.55 64.06 64.54 -0.02

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

March Cotton futures continue to consolidate between resistance at 61 cents and support at the contract low of 58.53. The monthly supply/demand report held a mixed bag. Domestic production was cut by 474,000 bales to 15.923 million. However, that number was overshadowed by record-setting world ending stocks of 108.08 million bales.



Rice

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

Futures:
ROUGH RICE
High Low Last Change
Jan '15 1234.5 1209.0 1231.0 +20.0
Mar '15 1257.0 1231.5 1253.0 +20.0
May '15 1280.5 +20.0
Jul '15 1291.5 1287.0 1295.0 +19.0
Sep '15 1233.0 +20.5
Nov '15 1229.0 +20.0
Jan '16 1230.0 +20.0
DTN Click here for info on Exchange delays.

Rice Comment

Rice futures ended the week on an up-beat. The market has been consolidating above support which for January is around $12 and for March near $12.26. Resistance on any rebound will be $12.86 ½ for March. Burdensome world stocks continue to limit the upside potential. However, the normalization of trade with Cuba was great news for Arkansas rice farmers this week as it reopens a market with great potential.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Dec '14 161.500 159.000 160.750 +2.050
Feb '15 160.775 158.450 160.100 +1.575
Apr '15 160.050 158.075 159.675 +1.475
Jun '15 152.750 150.825 152.500 +2.050
Aug '15 151.050 148.525 150.800 +2.550
Oct '15 152.650 150.325 152.250 +2.600
Dec '15 153.550 151.375 153.275 +2.275
Feb '16 153.075 151.200 152.925 +2.175
Apr '16 152.500 151.500 152.750 +2.350
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Jan '15 221.125 217.375 220.150 +3.075
Mar '15 218.125 214.600 217.975 +4.200
Apr '15 218.325 215.150 218.075 +3.900
May '15 218.925 215.725 218.600 +3.650
Aug '15 219.850 216.500 219.600 +3.850
Sep '15 219.325 216.500 219.600 +4.475
Oct '15 218.650 216.600 218.750 +4.475
Nov '15 216.975 215.500 216.975 +4.500
DTN Click here for info on Exchange delays.

Arkansas Prices
Arkansas Weekly Livestock Summary

Cattle Comment

Cattle prices continue to rally today as the market responds to technical signs this market is oversold. The technical signs are supported by the fundamentals that supplies remain historically tight. However, the market remains concerned about high prices potentially pricing beef out of the market.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Feb '15 82.500 81.050 81.900 +0.025
Apr '15 83.850 82.500 83.200 -0.025
May '15 87.950 86.825 87.175 -0.275
Jun '15 91.200 89.750 90.425 -0.450
Jul '15 90.525 89.100 89.475 -0.525
Aug '15 89.550 88.300 88.600 -0.550
Oct '15 77.425 76.425 76.650 -0.600
Dec '15 73.275 72.450 72.450 -0.575
Feb '16 74.700 73.875 73.875 -0.300
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