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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 Bids1009943
New Crop957892
 

Riceland Foods

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

Futures:
SOYBEANS
High Low Last Change
May '15 981.50 972.00 974.50 -4.25
Jul '15 985.00 975.75 978.75 -3.75
Aug '15 983.50 974.75 977.75 -3.25
Sep '15 966.75 960.00 962.75 -2.00
Nov '15 960.00 952.00 955.25 -2.00
Jan '16 964.50 957.00 960.25 -2.00
Mar '16 966.25 959.25 962.00 -1.50
May '16 966.75 960.50 963.50 -1.00
Jul '16 971.00 967.25 969.25 -1.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybeans continue to move lower as the market faces bearish pressure from a number of directions: strengthening dollar, large South America harvest, and the potential for current wet weather to push more acres to soybeans. This market will continue to have difficulty maintaining significant gains. The only positive for soybeans is that demand continues to be robust.



Wheat

HighLow
Cash Bids538479
New Crop----
 

Futures:
WHEAT
High Low Last Change
May '15 525.25 498.25 499.25 -19.75
Jul '15 529.75 503.50 504.75 -19.00
Sep '15 538.75 513.00 514.25 -19.00
Dec '15 553.25 527.50 528.75 -19.25
Mar '16 564.50 541.25 542.00 -19.25
May '16 558.00 548.75 549.50 -17.25
Jul '16 567.50 552.25 548.25 -14.75
Sep '16 555.75 -14.50
Dec '16 576.00 569.75 567.50 -14.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices were lower today as export remain weak and it is becoming more unlikely the current USDA forecast will be met. While weather is supportive for prices as wet weather in the SRW areas is likely to reduce yields, there remains pressure from a strengthening dollar. The wheat market needs new demand before prices can sustain gains.



Grain Sorghum

HighLow
Cash Bids536460
New Crop503400
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids419385
New Crop423367
 

Futures:
CORN
High Low Last Change
May '15 397.00 389.25 391.25 -3.75
Jul '15 404.75 397.00 399.25 -3.75
Sep '15 411.75 404.50 406.75 -3.50
Dec '15 419.75 412.75 414.75 -3.25
Mar '16 428.75 422.25 423.75 -3.00
May '16 435.00 429.00 430.25 -3.00
Jul '16 439.50 433.00 434.25 -3.25
Sep '16 425.50 -3.25
Dec '16 427.25 421.25 422.00 -3.50
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices closed lower today. While the market is still facing a number of bullish factors from weather to continued strong export demand the market cannot ignore the strengthening dollar. The continues to have traders nervous about demand for new crop corn. While corn continues to try move higher the market failed at resistance near $4.20 today. Corn prices are trying to trend higher as the market worries about supplies this fall. As long as supplies remain questionable, we see corn continue to move higher; however, should the outook change these gains could be erased quickly.



Cotton

Futures:
COTTON
High Low Last Change
May '15 63.48 62.66 63.08 -0.08
Jul '15 63.92 63.16 63.5 -0.18
Dec '15 64.4 63.81 64.33 0.04

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

Cotton futures ended mixed again today. December was higher and held above previous resistance at 64 cents. The market continues to work higher and now has support at 62 cents. Weekly exports were 6% larger than the year-ago total and bring the year to date total to 97% of the USDA forecast for the marketing year. Cold, wet weather could affect planting decisions in the south, reducing the crop even more than previously projected. USDA has pegged all-cotton plantings at 9.7 million acres, down 12.1% from last year, but up from the 9.4 million acres projected by the National Cotton Council. Despite lower acreage, competition from cheap synthetics could potentially keep a lid on prices.



Rice

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

Futures:
ROUGH RICE
High Low Last Change
May '15 1112.5 1094.5 1111.0 +15.0
Jul '15 1135.0 1120.0 1135.5 +14.5
Sep '15 1149.0 +12.5
Nov '15 1160.0 +6.5
Jan '16 1172.5 +3.5
Mar '16 1172.5 +3.5
May '16 1172.5 +3.5
DTN Click here for info on Exchange delays.

Rice Comment

Rice futures ended higher, but failed to challenge resistance at Tuesday's highs, which are $11.16 for May, and $11.50 for July. Weekly exports of 108,400 metric tons provided some support. Cold, wet weather is calling in to question forecasts for another large crop. Many parts of Arkansas remain under water and soil temperatures remain low. USDA has pegged the 2015 crop at 2.9 million acres, just under last year's acreage of 2.93 million, thus confirming there will be another big crop.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Apr '15 162.200 160.950 161.700 -0.025
Jun '15 152.825 151.550 152.075 -0.300
Aug '15 150.200 148.875 149.150 -0.450
Oct '15 152.350 151.000 151.275 -0.875
Dec '15 152.375 151.250 151.650 -0.525
Feb '16 151.450 150.500 150.900 -0.250
Apr '16 150.500 149.850 149.850 -0.400
Jun '16 142.650 142.200 142.200 -0.800
Aug '16 140.450 140.300 140.450 0.000
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Mar '15 217.575 217.125 217.450 -0.250
Apr '15 218.850 216.000 217.650 +0.400
May '15 217.450 214.575 216.500 +0.525
Aug '15 218.775 216.000 217.750 0.000
Sep '15 217.500 215.400 216.775 -0.475
Oct '15 216.025 213.500 215.125 -0.050
Nov '15 214.575 212.450 214.075 -0.175
Jan '16 207.450 206.125 207.450 +0.200
Mar '16 199.950
DTN Click here for info on Exchange delays.

Arkansas Prices
Charlotte Livestock Auction
Green Forest Livestock Auction
Ratcliff Livestock Auction

Oklahoma City
El Reno Livestock Market, El Reno, OK

Cattle Comment

Cattle prices weakened again today. After a strong opening to the week, the market has been in retreat after a bearish stocks report. The market is now also feeling some technical pressure and needs some fresh fundamental support to continue recent gains.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Apr '15 61.650 59.925 61.100 +1.275
May '15 68.250 66.475 67.900 +1.375
Jun '15 75.625 74.375 75.300 +0.700
Jul '15 76.250 75.225 75.950 +0.800
Aug '15 77.000 75.975 76.800 +0.900
Oct '15 68.150 67.050 67.475 -0.225
Dec '15 64.425 63.475 63.800 -0.450
Feb '16 67.275 66.375 66.825 -0.125
Apr '16 69.000 68.675 69.000 +0.350
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