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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 Bids1084968
New Crop1044968
 

Riceland Foods

 
Cash BidsStuttgart: 1027Pendleton: 1034
New CropStuttgart: 1007 Pendleton: 1012
 

Futures:
SOYBEANS
High Low Last Change
Sep '14 1095.75 1070.25 1089.50 +15.75
Nov '14 1034.00 1021.00 1024.25 -4.50
Jan '15 1041.00 1029.00 1032.50 -4.00
Mar '15 1048.50 1036.75 1040.50 -3.25
May '15 1054.25 1042.50 1046.25 -4.00
Jul '15 1059.25 1046.75 1050.25 -4.50
Aug '15 1048.00 1048.00 1049.75 -5.25
Sep '15 1042.75 1037.50 1040.00 -4.50
Nov '15 1044.00 1031.25 1036.75 -2.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybean prices closed lower also today. While losses were limited by reports of another large export sale for 2014/15 and strong demand currently in China, the market still faces huge stocks at the end of next year. This market continues to March towards support at $10, and will likely try and break this support as we begin to harvest this forecast record crop.



Wheat

HighLow
Cash Bids525407
New Crop599551
 

Futures:
WHEAT
High Low Last Change
Sep '14 562.25 546.00 550.25 -6.25
Dec '14 578.75 561.25 563.50 -8.25
Mar '15 597.50 580.50 582.50 -8.75
May '15 606.00 590.00 592.25 -8.50
Jul '15 610.25 596.50 599.25 -6.00
Sep '15 618.50 606.75 608.00 -5.50
Dec '15 632.75 621.00 623.25 -3.75
Mar '16 632.50 -3.50
May '16 632.00 -3.50
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices closed lower today as the technical over shadow the conflict in Ukraine today. While wheat has been able to March higher this week, we saw profit taking in this market, and could see additional declines next week without fresh fundamentals to support prices.



Grain Sorghum

HighLow
Cash Bids394312
New Crop394312
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids386342
New Crop369342
 

Futures:
CORN
High Low Last Change
Sep '14 361.75 356.00 359.00 -2.75
Dec '14 369.00 362.50 364.75 -4.50
Mar '15 381.75 375.50 377.75 -4.50
May '15 390.00 383.75 386.00 -4.50
Jul '15 396.50 390.50 392.75 -4.25
Sep '15 402.50 397.00 399.25 -4.00
Dec '15 408.75 404.00 406.00 -3.25
Mar '16 416.75 412.50 414.00 -3.25
May '16 419.75 419.75 419.75 -3.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices gave back most of yesterday's gains as prices failed to hold onto gains ahead of this long weekend. Prices are now more vulnerable to moving lower and testing support at previous contract lows. The possibility remains for prices to break $3.50 and move to test support near $3.25. If recent rains prove to have a minimal impact on this years crop prices could move lower in coming weeks.



Cotton

Futures:
COTTON
High Low Last Change
Oct '14 68.03 66.57 67.6 0.46
Dec '14 66.66 65.76 66.57 -0.01

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

December cotton closed fractionally lower Friday. The recent up-move failed at resistance at 68 cents earlier in the week. Support at 62 cents looks solid for the time being. Production is forecast to be 17.5 million bales in the United States, up 36% from last year. 90% of U.S. acreage is reported to be setting bolls, while 19% has bolls that are opening. Hot, dry conditions in West Texas are could hurt the crop there, but the crop remains in far better shape than in recent years.



Rice

HighLow
Long Grain Cash Bids- - -1206/cwt
Long Grain New Crop- - -- - -
 

Futures:
ROUGH RICE
High Low Last Change
Sep '14 1286.0 1255.0 1258.5 -10.0
Nov '14 1287.5 1262.0 1266.5 -15.0
Jan '15 1302.0 1281.0 1286.0 -15.0
Mar '15 1304.0 -14.5
May '15 1318.5 -14.5
Jul '15 1336.5 -14.5
Sep '15 1306.5 -14.5
DTN Click here for info on Exchange delays.

Rice Comment

Rice futures charted a new leg down today, with November setting a new contract low of $12.62 after violating previous support. The market failed at resistance at $13 earlier in the week. Sluggish exports and harvest pressure will be limiting factors from a fundamental perspective. Weekly exports were up a bit this week, coming in at 58,700 metric tons. New crop sales are running 28% ahead of year ago totals, but the crop is also bigger. Forecasts indicate that India’s monsoon should pick up strength next week, improving crop prospects in that country.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Aug '14 155.950 154.900 155.900 +1.250
Oct '14 151.450 149.750 151.450 +1.350
Dec '14 154.000 152.150 154.000 +1.300
Feb '15 154.850 153.050 154.750 +0.975
Apr '15 154.500 152.850 154.475 +0.875
Jun '15 146.350 144.750 146.325 +1.125
Aug '15 144.925 143.450 144.600 +1.000
Oct '15 147.000 146.025 146.600 +0.500
Dec '15 147.000 146.325 147.000 +0.750
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Sep '14 218.800 216.275 218.750 +1.600
Oct '14 217.050 213.775 217.000 +2.225
Nov '14 215.425 212.250 215.425 +2.500
Jan '15 210.300 207.100 210.250 +2.350
Mar '15 209.975 207.000 209.975 +2.100
Apr '15 209.750 207.250 209.750 +1.625
May '15 209.975 207.250 209.975 +2.475
Aug '15 209.700 208.000 209.700 +2.825
DTN Click here for info on Exchange delays.

Arkansas Prices
Arkansas Weekly Livestock Summary

Cattle Comment

Cattle prices managed to close sharply higher today. While national reports continue to indicate cash prices continue to weaken, reports from Arkansas indicate prices are steady to slightly higher compared to last week.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Oct '14 98.475 96.025 98.225 +2.750
Dec '14 92.950 90.825 92.025 +1.650
Feb '15 92.100 90.100 90.800 +0.900
Apr '15 92.500 90.950 91.350 +0.275
May '15 93.750 92.975 93.000 +0.250
Jun '15 95.600 94.800 94.875 +0.125
Jul '15 93.975 93.000 92.850 0.000
Aug '15 92.500 91.150 91.200 0.000
Oct '15 78.150 77.675 78.000 +0.600
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