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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 Bids1064984
New Crop10801006
 

Riceland Foods

 
Cash BidsStuttgart: 1051Pendleton: 1051
New CropStuttgart: 1012 Pendleton: 1017
 

Futures:
SOYBEANS
High Low Last Change
Nov '14 1052.25 1012.25 1046.50 +22.25
Jan '15 1054.00 1016.50 1049.25 +19.50
Mar '15 1058.25 1023.00 1053.25 +17.25
May '15 1062.75 1029.75 1058.00 +15.50
Jul '15 1067.25 1035.00 1062.75 +14.50
Aug '15 1066.00 1036.50 1062.75 +13.75
Sep '15 1045.25 1019.00 1042.50 +14.25
Nov '15 1030.00 1001.50 1027.25 +15.25
Jan '16 1035.00 1008.25 1033.25 +16.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybeans saw strong gains today. After opening lower it looked like this market was going to see another selloff. However, strong meal prices pulled beans higher, this combined with strong demand has provided the market som short term support. Look for prices to begin to feel pressure of this record crop soon, and if weather continues to improve traders may again turn their focus to large global supplies.



Wheat

HighLow
Cash Bids491451
New Crop554509
 

Futures:
WHEAT
High Low Last Change
Dec '14 539.00 523.00 532.50 -3.50
Mar '15 552.00 536.50 545.75 -3.25
May '15 559.00 544.50 553.25 -3.75
Jul '15 567.00 552.00 560.25 -4.50
Sep '15 577.00 563.00 570.50 -4.75
Dec '15 590.00 575.50 583.00 -4.50
Mar '16 594.25 587.25 593.25 -4.50
May '16 599.00 -4.25
Jul '16 597.00 -4.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices closed lower again today as the fundamental support seems to be declining. Wheat has a strong technical position as prices have seen a strong recover off of recent lows and retraced almost 66% of the losses. The market is likely to see some weakening in the coming days, however, dryness in Australia could help boost prices longer term.



Grain Sorghum

HighLow
Cash Bids414384
New Crop437407
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids376324
New Crop405364
 

Futures:
CORN
High Low Last Change
Dec '14 378.00 368.00 376.75 +2.75
Mar '15 390.25 380.75 389.25 +2.25
May '15 398.75 389.50 398.00 +2.25
Jul '15 405.25 396.00 404.25 +1.75
Sep '15 411.00 402.50 410.25 +1.75
Dec '15 419.25 410.25 418.50 +2.00
Mar '16 426.00 418.75 426.75 +2.00
May '16 432.00 426.25 433.00 +2.00
Jul '16 438.00 430.75 437.50 +1.50
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices rebounded today after yesterday weak close. The market was able to avoid weekend profit taking as another round precipitation threatened the upper Midwest. With harvest well behind normal, the market continues to worry about whether producers will be able to get this forecast record crop out of the field. Prices fail to retest resistance at previous highs near $3.81. The market needs to break this key resistance before additional gains are possible.



Cotton

Futures:
COTTON
High Low Last Change
Dec '14 64.82 63.26 64.45 -0.05
Dec '15 63.15 61.88 62.92 -0.1

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

Cotton futures retraced Wednesday's gains in today's trade. Nearby December couldn't manage to hold above 65 cents for two days in a row. March is consolidating in a narrow range above support at 61.20 cents. Harvest pressure will limit the upside as farmers are in full swing picking the crop. Exports provided a bit of a bright spot. USDA reported net sales of 185,400 bales, up 95% from the previous four week average.



Rice

HighLow
Long Grain Cash Bids- - -1160/cwt
Long Grain New Crop- - -1157/cwt
 

Futures:
ROUGH RICE
High Low Last Change
Nov '14 1200.0 1185.0 1200.5 +9.5
Jan '15 1230.0 1211.0 1228.5 +7.5
Mar '15 1256.0 1240.5 1256.0 +7.0
May '15 1282.5 +7.0
Jul '15 1300.5 +7.0
Sep '15 1237.0 +7.0
Nov '15 1227.0 +7.0
DTN Click here for info on Exchange delays.

Rice Comment

Rice futures ended the week on a positive note. Both expiring November and the January contract fell to new life-of-contract lows Tuesday with little fundamental justification for the huge intraday losses. Weak demand continues to plague the market, but harvest pressure should be winding down as harvest is nearly complete. Weekly export sales were improved at 93,700 metric tons, up 33% from the four-week average. Of those sales, 40,000 were to Turkey and 25,000 were to Haiti. Shipments of 61,500 were up 53% from the prior four-week average.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Oct '14 171.975 168.000 169.500 -1.000
Dec '14 167.750 165.450 166.250 -1.075
Feb '15 167.800 165.525 166.200 -1.275
Apr '15 166.750 164.925 165.600 -0.575
Jun '15 156.300 154.900 155.700 +0.100
Aug '15 153.425 152.350 153.125 +0.100
Oct '15 154.675 153.725 154.275 -0.275
Dec '15 154.825 154.000 154.475 -0.475
Feb '16 154.100 153.325 153.675 -0.325
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Nov '14 236.425 233.575 234.600 +0.375
Jan '15 230.800 227.625 228.900 +0.425
Mar '15 228.075 225.050 226.100 0.000
Apr '15 227.850 225.325 226.200 +0.075
May '15 228.000 225.450 226.100 +0.125
Aug '15 228.500 225.950 226.750 -0.275
Sep '15 226.000 223.950 224.000 -0.350
Oct '15 225.525 224.000 223.975 +0.375
DTN Click here for info on Exchange delays.

Arkansas Prices
Arkansas Weekly Livestock Summary

Cattle Comment

Cattle prices continue choppy trade as prices gave back most of yesterday's gains. The market looks to be establishing support near 165 and has bounced off this support a couple of times in recent days. Look for prices to continue their sideways to lower trading for the near term, but move higher and put new highs after that as this market maintains strong fundamental support.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Dec '14 88.400 87.200 88.200 +1.000
Feb '15 88.200 86.750 88.200 +1.250
Apr '15 89.325 87.400 89.250 +1.200
May '15 91.000 90.500 90.400 +0.400
Jun '15 94.500 92.250 94.400 +1.450
Jul '15 92.900 90.875 92.750 +1.350
Aug '15 90.200 88.375 90.200 +1.300
Oct '15 78.000 77.150 78.000 0.000
Dec '15 73.900 73.650 73.900 +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