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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 Bids1028953
New Crop1050975
 

Riceland Foods

 
Cash BidsStuttgart: 982Pendleton: 979
New CropStuttgart: 957 Pendleton: 962
 

Futures:
SOYBEANS
High Low Last Change
Nov '14 1002.00 976.50 977.50 -15.75
Jan '15 1008.75 982.50 983.25 -16.75
Mar '15 1015.50 989.25 990.00 -16.50
May '15 1022.50 996.00 996.75 -15.75
Jul '15 1028.00 1001.50 1002.25 -15.25
Aug '15 1026.75 1003.25 1002.75 -15.00
Sep '15 1008.75 987.25 987.50 -13.25
Nov '15 998.75 976.00 977.25 -12.50
Jan '16 1003.75 982.75 982.50 -13.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybeans closed lower also today. This market continues to be pressured by bearish news out of South America and continued strong yields in the US. The soybean market is likely to start a march back towards $9 if weather conditions continue to allow harvest to continue. It is remains likely we could see nearby soybeans close below $9 before the end of the year. With basis levels as strong as they are producers should consider pricing more soybeans as the downside potential remains great for soybeans.



Wheat

HighLow
Cash Bids481442
New Crop545500
 

Futures:
WHEAT
High Low Last Change
Dec '14 539.25 517.25 517.75 -9.00
Mar '15 552.50 530.50 531.00 -9.25
May '15 560.50 538.00 538.75 -9.25
Jul '15 567.00 545.75 546.25 -9.00
Sep '15 575.75 556.75 555.75 -9.00
Dec '15 588.00 568.50 568.50 -8.75
Mar '16 583.50 583.50 578.25 -8.00
May '16 585.25 -4.50
Jul '16 588.00 583.75 584.50 -2.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices closed sharply lower as prices were unable to hold gains with the declines in corn and soybeans. While fundamentals for this market look better than those in the corn and soybean markets, they are not strong enough to overcome weakness in these outside markets.



Grain Sorghum

HighLow
Cash Bids400310
New Crop423393
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids342310
New Crop389350
 

Futures:
CORN
High Low Last Change
Dec '14 365.00 352.25 353.00 -6.75
Mar '15 378.50 365.75 366.75 -6.75
May '15 387.00 374.50 375.25 -6.75
Jul '15 394.25 381.75 382.75 -6.75
Sep '15 401.50 389.50 390.25 -6.25
Dec '15 410.00 398.75 399.50 -5.75
Mar '16 418.00 407.25 408.50 -5.25
May '16 423.25 416.25 414.50 -5.25
Jul '16 427.50 418.00 418.25 -6.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices closed lower today sending a bearish signal to the market. After a strong close yesterday prices failed to maintain gains. With the fundamental looking increasingly bearish it will be difficult for prices to maintain the current technical rally. While some think this market has already put in lows, we will have to watch prices closely this fall to see if these record yields are able to push prices lower.



Cotton

Futures:
COTTON
High Low Last Change
Dec '14 64.66 62.73 63.81 0.77
Mar '15 62.99 61.86 62.17 0.29

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

December cotton was sharply higher early in the day, but ended near the middle of the day’s trading range. Resistance will begin at today’s high of 64.66 cents with additional resistance about a penny above that. 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- - --1188/cwt
Long Grain New Crop- - -1183/cwt
 

Futures:
ROUGH RICE
High Low Last Change
Nov '14 1242.5 1231.0 1240.5 +4.0
Jan '15 1264.5 1252.5 1263.0 +3.5
Mar '15 1288.0 1280.0 1289.0 +4.0
May '15 1308.5 +4.0
Jul '15 1326.5 +4.0
Sep '15 1263.0 +4.0
Nov '15 1260.5 +4.0
DTN Click here for info on Exchange delays.

Rice Comment

Rice ended mixed with nearby contracts a bit higher on the day. November has little support above contract low of $12.20 as traders roll out of November contracts. January found support today at the bottom of the September chart gap after closing that gap by ½ cent at today’s low of $12.52 ½.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Oct '14 170.100 167.575 168.775 -0.275
Dec '14 169.975 166.500 167.650 -1.450
Feb '15 169.400 166.050 167.150 -1.700
Apr '15 167.500 164.350 165.250 -1.800
Jun '15 156.500 154.000 154.850 -1.375
Aug '15 154.200 151.875 152.850 -1.225
Oct '15 155.000 152.750 153.450 -1.450
Dec '15 155.075 152.950 154.050 -0.950
Feb '16 154.875 152.650 153.300 -1.200
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Oct '14 240.850 237.675 238.225 -2.000
Nov '14 237.900 234.325 234.900 -1.800
Jan '15 231.950 228.825 229.500 -1.475
Mar '15 229.650 226.750 227.700 -1.225
Apr '15 229.550 226.725 227.425 -1.600
May '15 229.500 226.800 226.975 -2.200
Aug '15 230.000 227.025 228.000 -1.750
Sep '15 227.700 226.075 226.250 -1.500
DTN Click here for info on Exchange delays.

Arkansas Prices
Arkansas Weekly Livestock Summary

Cattle Comment

Cattle prices closed lower as prices were unable to hold onto yesterday’s gains. The market was again unable to hold on and make new highs today as we saw some profit taking ahead of the weekend after strong gains this week.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Dec '14 90.650 87.725 90.425 +1.700
Feb '15 89.025 86.325 88.875 +1.425
Apr '15 89.225 87.175 89.025 +0.475
May '15 89.875 88.600 89.250 -0.250
Jun '15 92.800 91.275 92.550 -0.150
Jul '15 91.475 90.175 91.450 +0.050
Aug '15 89.375 88.225 89.300 -0.150
Oct '15 77.250 76.500 76.650 -0.150
Dec '15 73.450 72.400 72.800 +0.400
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