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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 Bids993910
New Crop993925
 

Riceland Foods

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

Futures:
SOYBEANS
High Low Last Change
Nov '16 960.25 943.75 945.25 -9.75
Jan '17 966.25 950.00 951.50 -9.50
Mar '17 972.00 956.00 957.25 -9.25
May '17 977.50 962.00 963.00 -8.75
Jul '17 982.50 967.00 968.00 -9.00
Aug '17 970.25 966.50 967.00 -8.75
Sep '17 962.50 960.25 954.50 -6.75
Nov '17 956.25 943.25 945.25 -4.00
Jan '18 948.00 948.00 948.00 -3.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybeans closed lower today as soybean meal moved to a new multi month low. While palm oil prices remain strong, the market seems to have already factored in these higher prices. The market was pressured by not only weak meal prices, but a disappointing export inspections last week. Soybeans need strong demand as the record demand forecast is keeping supplies in check this year and preventing a major build in soybean supplies. Soybeans continue to hold support near recent lows of $9.37



Wheat

HighLow
Cash Bids392360
New Crop423398
 

Futures:
WHEAT
High Low Last Change
Dec '16 407.00 395.25 396.00 -8.75
Mar '17 430.25 418.50 419.75 -8.25
May '17 443.75 432.75 433.75 -8.00
Jul '17 451.75 442.25 443.50 -6.50
Sep '17 459.50 457.00 457.50 -5.25
Dec '17 483.00 473.25 476.00 -4.50
Mar '18 490.75 -3.75
May '18 497.00 -3.75
Jul '18 493.00 -3.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices closed lower today. While flooding and a reduction import duties in India were bullish for prices, weakness in outside markets and continue forecast for strong supplies continues to weigh on prices. Wheat prices closed below support near $4, and now have support at $3.91.



Grain Sorghum

HighLow
Cash Bids302235
New Crop302277
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids343234
New Crop349313
 

Futures:
CORN
High Low Last Change
Dec '16 336.50 328.50 329.00 -7.50
Mar '17 346.25 338.50 339.00 -7.25
May '17 352.25 345.25 346.00 -6.75
Jul '17 359.25 352.50 352.75 -6.75
Sep '17 365.00 359.50 359.75 -6.75
Dec '17 375.50 368.75 369.50 -6.25
Mar '18 384.00 379.50 379.50 -6.00
May '18 385.00 -6.25
Jul '18 393.25 388.75 389.00 -5.50
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices closed lower today. After wet weather supported prices last week, a change in forecast to drier weather has put pressure on corn prices. While demand continues to look good as this week’s export inspection were again strong, the expectations of a record crop are weighing on prices. In any other year, the 55% increase in exports year-to-date would be supporting prices; however, the large supply forecast continues to drag prices lower. Corn continues to hold support at recent lows of $3.14.



Cotton

Futures:
COTTON
High Low Last Change
Oct '16 69.84 69.35 69.16 0.08
Dec '16 71 69.68 70.08 0.01

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

Cotton futures were higher across the board, but closed a penny off the day's highs. Concerns about the U.S. Crop combined with strong export demand continue to support cotton. December continues to find support at 70-cents. Nationwide, 10% of the crop has been harvested, and 63% of the acres have open bolls. 48% of the crop is in good to excellent condition with another 36% in fair condition.



Rice

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

Futures:
ROUGH RICE
High Low Last Change
Nov '16 980.0 962.5 967.5 +2.5
Jan '17 1001.5 986.5 991.5 +2.0
Mar '17 1011.0 1011.0 1015.5 +1.0
May '17 1035.5 +1.0
Jul '17 1054.0 -0.5
Sep '17 1054.0 -0.5
Nov '17 1054.0 -0.5
DTN Click here for info on Exchange delays.

Rice Comment

Rice prices were mostly higher, but harvest pressure continues to limit the upside potential of the market. 73% of the crop has been harvested nation-wide, and in Arkansas 84% of the crop is in the bins. November continues to chop along mostly sideways above support at the low of $9.35.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Oct '16 107.050 105.575 106.825 -0.450
Dec '16 106.625 104.950 106.125 -0.725
Feb '17 106.775 105.200 106.300 -0.800
Apr '17 106.025 104.625 105.775 -0.700
Jun '17 99.100 97.825 98.975 -0.775
Aug '17 97.450 96.250 97.275 -0.775
Oct '17 98.400 97.525 98.300 -0.725
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Sep '16 136.550 135.825 136.050 -0.775
Oct '16 132.350 129.825 131.050 -1.325
Nov '16 129.450 126.875 127.875 -1.850
Jan '17 124.750 122.325 123.375 -1.950
Mar '17 123.000 120.725 121.850 -1.600
Apr '17 121.750 120.750 121.625 -0.825
May '17 121.200 120.375 121.100 -1.375
Aug '17 122.925 121.525 122.650 -0.850
DTN Click here for info on Exchange delays.

Arkansas Prices
Ash Flat Livestock Auction
Ola Livestock Auction
Springdale Livestock Auction

Oklahoma City
Oklahoma City - Feeder Cattle Auction Weighted Average Report

Cattle Comment



Hogs

Futures:
LEAN HOGS
High Low Last Change
Oct '16 54.250 52.950 53.050 -0.950
Dec '16 49.000 48.050 48.600 -0.300
Feb '17 53.300 52.525 52.950 -0.400
Apr '17 59.550 58.900 59.200 -0.525
May '17 66.525 66.325 66.325 -0.425
Jun '17 70.750 70.225 70.525 -0.225
Jul '17 70.250 69.750 69.750 -0.500
Aug '17 69.525 69.250 69.300 -0.350
Oct '17 59.875 -0.450
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