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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 Bids1022927
New Crop1024949
 

Riceland Foods

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

Futures:
SOYBEANS
High Low Last Change
Nov '14 972.75 951.25 951.75 -14.75
Jan '15 980.50 959.00 959.75 -14.50
Mar '15 988.00 967.50 968.00 -13.75
May '15 996.25 976.25 976.75 -13.75
Jul '15 1002.75 983.00 983.75 -13.00
Aug '15 994.25 985.75 985.50 -12.75
Sep '15 990.75 973.00 973.25 -13.00
Nov '15 985.00 966.50 967.50 -12.25
Jan '16 984.25 971.75 972.25 -12.50
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybean prices closed lower also today. However, strong export demand remains supportive and is holding prices above $10 at some river elevators. If reports begin to focus on strong yields we could see these prices move sharply lower. Look for basis premiums begin to erode as additional supplies begin to enter the export channels. Cash prices for the 2015 remain near $9.75 and are offering producers a good opportunity to sell soybeans that could very likely be close to $9 next year if this forecast large South American crop materializes.



Wheat

HighLow
Cash Bids471432
New Crop533489
 

Futures:
WHEAT
High Low Last Change
Dec '14 522.25 512.75 516.00 -1.00
Mar '15 533.75 525.00 528.00 -0.75
May '15 540.25 532.00 534.50 -1.00
Jul '15 546.50 539.75 541.50 -1.25
Sep '15 556.00 548.75 550.75 -1.50
Dec '15 570.50 562.00 564.25 -2.25
Mar '16 573.25 -2.75
May '16 579.25 +0.50
Jul '16 580.00 576.00 579.75 +5.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices closed fractionally lower today. This market continues to be supported by improving export demand. Unfortunately, it will be difficult for wheat to maintain gains should we see a major sell off of corn and soybeans.



Grain Sorghum

HighLow
Cash Bids399302
New Crop415385
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids342302
New Crop380330
 

Futures:
CORN
High Low Last Change
Dec '14 355.75 346.50 348.00 -4.25
Mar '15 368.25 359.50 361.25 -4.00
May '15 377.25 368.50 370.00 -4.25
Jul '15 384.25 376.00 377.50 -4.00
Sep '15 390.75 383.25 384.50 -4.00
Dec '15 400.00 391.75 393.75 -3.25
Mar '16 407.00 400.50 402.75 -3.00
May '16 412.25 408.00 409.50 -2.75
Jul '16 417.50 412.00 414.00 -2.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices closed lower today. Strengthening in the financial markets and improving weather conditions were both negative for prices. These bearish factors outweighed the strong export sales report today. With the long term weather forecast improving for the next 10-days we are likely to see strong yield reports dominating the news and push prices back to pre rally levels.



Cotton

Futures:
COTTON
High Low Last Change
Dec '14 64.14 62.96 63 -0.56
Mar '15 62.11 61.42 61.73 0.02
Dec '15 65.20 64.73 65.11 +0.29

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

December cotton was trading lower Friday. The market violated previous support at 63.12 cents in early dealings. That could signal a move toward a retest of key support at the contract low of 61.80 cents. The latest USDA report was a mixed bag. Projected yield was lowered to 790 pounds per acre, down from 803 in last month’s report. However, the season-average farm price was also lowered to 55-65 cents, down from 58-70 cents last month. Global ending stocks were revised upward by 800,000 bales. Nationwide, farmers have harvested 22% of the crop. Arkansas farmers are 25% harvested, but weather has taken a heavy toll on the crop here in the past week. The percentage of the Arkansas cotton crop rated excellent fell from 25% to only 7% last week, while the percentage of the crop rated poor to very poor went from 5% to 29%.



Rice

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

Futures:
ROUGH RICE
High Low Last Change
Nov '14 1255.0 1250.0 1254.5 +3.5
Jan '15 1272.0 1267.0 1271.5 +4.5
Mar '15 1297.0 1295.0 1298.0 +4.0
May '15 1317.5 +3.5
Jul '15 1335.5 +3.5
Sep '15 1272.0 +3.5
Nov '15 1269.5 +3.5
DTN Click here for info on Exchange delays.

Rice Comment

Rice futures were mostly lower at mid-day. In the October USDA reports, carryout was raised to 40.5 million cwt., up from 38.1 million, because of increase yields. The season average long-grain price was lowered to $12.20 to $13.20, a drop of 30 cents. The market is chopping along in a mostly sideways pattern for now, but is testing support at $12.50.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Oct '14 165.300 164.050 164.975 -0.275
Dec '14 165.700 163.875 165.025 -0.275
Feb '15 164.225 162.600 163.850 -0.250
Apr '15 162.375 161.025 161.975 -0.475
Jun '15 153.450 152.350 152.900 -1.100
Aug '15 151.250 150.525 151.000 -0.950
Oct '15 152.425 152.050 152.400 -1.200
Dec '15 152.900 152.150 152.600 -1.350
Feb '16 152.350 151.900 152.100 -1.400
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Oct '14 240.175 237.525 238.500 -1.700
Nov '14 236.975 234.150 234.150 -3.000
Jan '15 231.025 228.125 228.250 -2.875
Mar '15 228.275 226.650 226.650 -3.000
Apr '15 228.050 226.500 226.500 -3.000
May '15 227.600 226.500 226.500 -3.000
Aug '15 227.750 227.000 227.000 -3.000
Sep '15 225.875 225.875 227.000 -1.000
DTN Click here for info on Exchange delays.

Arkansas Prices
Arkansas Weekly Livestock Summary

Cattle Comment

Cattle prices posted marginal losses today. This market continues to maintain support near 160, and is trying to stay around 165. These prices maintain fundamental support for higher prices, but continue to feel technical pressure pushing price lower.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Dec '14 91.400 89.350 90.275 -0.050
Feb '15 87.950 85.600 87.050 +0.600
Apr '15 88.500 85.750 87.475 +1.025
May '15 88.700 88.000 88.500 +0.500
Jun '15 92.400 90.300 91.625 +0.925
Jul '15 91.275 89.050 90.575 +1.025
Aug '15 88.925 87.550 88.350 +1.100
Oct '15 76.750 75.350 76.750 +1.350
Dec '15 73.450 72.025 72.500 +0.500
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