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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 Bids1009924
New Crop1022946
 

Riceland Foods

 
Cash BidsStuttgart: 967Pendleton: 964
New CropStuttgart: 954 Pendleton: 959
 

Futures:
SOYBEANS
High Low Last Change
Nov '14 982.50 960.25 962.75 -1.50
Jan '15 990.00 967.00 969.75 -2.00
Mar '15 996.75 974.50 977.00 -2.00
May '15 1003.75 982.25 984.75 -2.25
Jul '15 1008.50 988.50 991.00 -1.75
Aug '15 1009.25 996.50 992.25 -1.75
Sep '15 996.00 980.25 980.75 -1.25
Nov '15 990.00 971.75 974.25 -1.50
Jan '16 990.75 980.50 979.50 -1.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybean prices remain strong posting new highs today. Demand remains robust for soybeans as crusher look to rebound from their lows in September. In addition to strong crush export demand remains strong causing export elevators on the river to bid between 34 and 40 cents over the November contract. Soybeans have seen significant strength recently as wet weather and technical factors have supported prices. With weather forecast calling for more rain we could see these prices hold in the near term, but when this crop is finally harvested we could likely see prices put in new lows and basis erode.



Wheat

HighLow
Cash Bids473434
New Crop538492
 

Futures:
WHEAT
High Low Last Change
Dec '14 528.75 516.00 522.25 +3.00
Mar '15 542.25 530.00 536.00 +3.00
May '15 549.25 537.50 543.75 +3.25
Jul '15 556.00 544.50 549.75 +2.50
Sep '15 565.50 554.75 559.50 +2.75
Dec '15 577.25 566.25 571.75 +3.00
Mar '16 579.00 576.00 580.75 +2.75
May '16 585.00 585.00 584.75 +3.00
Jul '16 584.00 579.00 583.50 +4.50
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices strengthened today. Slow planting progress in the soft red wheat belt remains supportive for prices. As producer make planting decisions for this fall if you are forward contracting wheat call around as basis levels reportedly range from 5 over to 45 under the July contract. Producers are again able to price $5.50 wheat.



Grain Sorghum

HighLow
Cash Bids396306
New Crop419389
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids341306
New Crop385346
 

Futures:
CORN
High Low Last Change
Dec '14 361.00 352.25 353.00 -3.00
Mar '15 374.50 366.00 367.00 -2.50
May '15 383.25 374.75 376.00 -2.50
Jul '15 390.00 382.25 383.25 -2.25
Sep '15 397.00 389.50 390.25 -2.50
Dec '15 405.50 398.25 399.00 -2.50
Mar '16 413.75 407.50 407.75 -2.25
May '16 420.00 414.50 414.50 -2.00
Jul '16 424.25 418.50 418.50 -2.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices gave back some of yesterday's gains as harvest reports begin to roll from the Midwest. Adding additional pressure to this market, weekly ethanol production remains below 900,000 barrels per day. Unfortunately for producers here the glut of corn on the market has lowered the basis. With our crop harvested and prospects for a large Midwestern crop buyers have widened the basis with basis levels as much as 50 under the December contract. While corn prices are lower and basis levels wide sorghum basis remains strong with basis as high as 35 cents over the December corn price. China continues to demand sorghum and is adding significant support to that market.



Cotton

Futures:
COTTON
High Low Last Change
Dec '14 63.41 62.43 62.68 -0.11
Mar '15 62.38 61.63 61.92 0.01

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

December cotton charted an inside day before closing lower. The market showed no follow through to yesterday's bullish chart signal. Harvest pressure will limit the upside as farmers are in full swing picking the crop. Overall, the crop looks good, with the exception of the significant hail damage on 25,000-40,000 acres in Arkansas. Nationwide, farmers have harvested 29% of the crop, while Arkansas farmers are at 40%. That is running a little behind the average pace due to unfavorable weather.



Rice

HighLow
Long Grain Cash Bids- - -1202/cwt
Long Grain New Crop- - -1192/cwt
 

Futures:
ROUGH RICE
High Low Last Change
Nov '14 1259.0 1251.5 1253.0 -2.5
Jan '15 1277.0 1268.5 1272.5 +1.0
Mar '15 1298.0 +0.5
May '15 1317.5 +0.5
Jul '15 1335.5 +0.5
Sep '15 1272.0 +0.5
Nov '15 1269.5 +0.5
DTN Click here for info on Exchange delays.

Rice Comment



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Oct '14 168.075 166.425 167.900 +1.350
Dec '14 168.475 166.775 168.150 +1.100
Feb '15 167.575 165.750 167.425 +1.375
Apr '15 165.850 164.275 165.600 +0.950
Jun '15 155.150 153.700 155.000 +0.650
Aug '15 153.075 152.100 153.075 +0.725
Oct '15 154.000 153.000 153.875 +0.475
Dec '15 154.000 153.550 153.950 +0.450
Feb '16 153.525 153.200 153.500 +0.350
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Oct '14 239.950 238.225 239.575 +0.625
Nov '14 236.075 233.225 235.250 +1.325
Jan '15 230.325 227.275 229.350 +1.100
Mar '15 227.900 225.525 227.025 +0.675
Apr '15 227.575 226.125 227.325 +0.875
May '15 227.550 226.150 227.100 +0.825
Aug '15 228.275 226.400 228.050 +1.250
Sep '15 226.325 225.750 226.400 +0.650
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 continue their roller coaster ride as prices closed higher again today. This market remains volatile as combination of mixed demand reports and technical weakness continue to pressure prices, but the overall fundamental picture look bullish for prices. Prices will likely put in another high soon, but look for prices to quickly fall soon after putting in the new highs. Looking longer term prices are likely to continue to strengthen as the market looks to increase supplies or reduce demand. At some point this market will finally find that equilibrium point; however look for prices to continue to rise through this fall and into the winter.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Dec '14 90.225 88.025 89.875 +1.425
Feb '15 87.950 86.000 87.850 +1.775
Apr '15 89.475 87.175 89.275 +2.025
May '15 90.700 88.400 90.000 +2.000
Jun '15 93.475 91.250 93.100 +1.450
Jul '15 92.150 90.125 91.900 +1.850
Aug '15 89.500 87.650 88.975 +1.025
Oct '15 76.550 76.400 76.700 +0.700
Dec '15 73.000 73.000 72.400 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