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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 Bids1040925
New Crop1010925
 

Riceland Foods

 
Cash BidsStuttgart: 992Pendleton: 1009
New CropStuttgart: 967 Pendleton: 972
 

Futures:
SOYBEANS
High Low Last Change
Nov '14 994.50 974.25 989.50 +4.25
Jan '15 1002.25 982.00 997.50 +5.00
Mar '15 1009.00 988.00 1004.25 +5.75
May '15 1015.75 995.25 1011.25 +6.00
Jul '15 1021.25 1000.75 1016.25 +5.25
Aug '15 1020.50 1008.00 1018.00 +5.50
Sep '15 1007.75 1002.00 1006.00 +3.75
Nov '15 1003.00 984.50 997.75 +3.00
Jan '16 1005.50 988.75 1001.75 +2.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybean prices strengthened today. While demand news was mixed with new crush numbers coming in below last month and new soybean sales to China. The news on the crush number while disappointing, but expected and shows the tightness in supplies as we wait for the new crops supplies. This large crop will likely continue to push prices lower, look for these opportunities like today to price additional soybeans.



Wheat

HighLow
Cash Bids504417
New Crop519480
 

Futures:
WHEAT
High Low Last Change
Dec '14 504.00 496.00 500.75 -1.75
Mar '15 521.75 514.00 518.25 -1.75
May '15 532.25 524.25 529.25 -1.50
Jul '15 541.00 533.75 538.25 -0.75
Sep '15 551.25 545.00 549.25 -0.75
Dec '15 567.25 560.25 565.25 -0.50
Mar '16 575.50 -0.50
May '16 578.00 578.00 579.50 -0.50
Jul '16 571.00 +0.50
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices failed to move higher with corn and soybeans today. Wheat remains under significant pressure from large supplies and weak demand. This market has little potential of upward movement. While gains may come from technical covering, longer term this market will continue to move lower as U.S. Wheat looks to become more competitive in the international market.



Grain Sorghum

HighLow
Cash Bids356289
New Crop356289
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids342291
New Crop351309
 

Futures:
CORN
High Low Last Change
Dec '14 343.50 335.75 343.00 +4.50
Mar '15 355.50 348.00 355.00 +4.00
May '15 363.50 356.25 363.50 +4.00
Jul '15 370.75 363.75 370.50 +3.75
Sep '15 378.50 371.50 378.25 +4.00
Dec '15 389.50 382.25 389.00 +3.75
Mar '16 398.00 392.00 397.75 +3.00
May '16 404.00 400.00 404.25 +2.75
Jul '16 409.00 404.00 408.75 +2.50
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices rose today, while prices continue to feel pressure from a looming record crop, continued strong demand continues to provide support for prices. Last week the USDA forecast corn stocks to rise to more than 2 billion bushels. Today's large sale to Mexico, helped support prices. Look for prices to remain volatile as we head into harvest, the daily production reports and demand reports will swing this market higher and lower each day.



Cotton

Futures:
COTTON
High Low Last Change
Oct '14 70.86 68.21 68.18 -2.43
Dec '14 67.88 65.71 65.84 -2.16

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

December cotton turned sharply lower today after failing to hold above 68 cents, which has been resistance since late July. The market needs to hold above 68 cents to suggest further gains are possible. Last week’s short-lived rally was sparked by the production and supply/demand reports. USDA lowered the domestic production estimate to 16.54 million bales, down from 17.5 million last month. However, that was more than offset by increases in China and India, which increased world carryout by 1.2 million bales.



Rice

HighLow
Long Grain Cash Bids- - -1215/cwt
Long Grain New Crop- - -- - -
 

Futures:
ROUGH RICE
High Low Last Change
Nov '14 1282.0 1261.0 1276.0 -2.5
Jan '15 1300.5 1281.0 1295.0 -2.5
Mar '15 1315.0 -2.0
May '15 1332.0 -1.5
Jul '15 1350.0 -1.5
Sep '15 1308.5 -1.5
Nov '15 1308.5 -1.5
DTN Click here for info on Exchange delays.

Rice Comment

Rice futures ended the day lower. November charted an inside day. Resistance begins at Friday’s high of $12.88, while support is at last week’s spike low of $12.20. Thursday’s reports provided gave the market a temporary boost. The USDA cut the rice production estimate due to lower yield and harvested acreage. The long grain carry-out was lowered to 24 million cwt. down from 29.1 million just last month. The season average price was raised by 50 cents to $12.50 to $13.50.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Oct '14 157.350 155.475 156.450 +0.175
Dec '14 159.925 158.275 159.125 -0.125
Feb '15 160.025 158.875 159.900 +0.325
Apr '15 157.950 156.900 157.875 +0.325
Jun '15 149.775 148.900 149.625 +0.075
Aug '15 148.075 147.450 148.000 +0.200
Oct '15 149.850 149.350 149.625 -0.575
Dec '15 149.800 149.350 149.800 0.000
Feb '16 149.800 149.500 149.500 +0.100
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Sep '14 230.025 228.900 229.275 -0.200
Oct '14 226.725 224.575 226.075 +0.150
Nov '14 224.300 222.400 223.800 -0.125
Jan '15 218.575 216.525 218.000 +0.225
Mar '15 217.500 215.600 216.925 -0.350
Apr '15 216.900 216.300 216.900 +0.100
May '15 217.075 216.200 216.700 -0.425
Aug '15 218.000 216.650 217.050 -0.650
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

Cattle prices closed lower today. The market continues its correction, as fundamentals remain unchanged. Prices maintain support near 155.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Oct '14 106.675 104.900 106.275 +0.575
Dec '14 96.950 95.150 95.875 -0.425
Feb '15 94.100 92.725 94.000 +0.450
Apr '15 92.800 91.900 92.575 +0.425
May '15 92.850 92.200 92.500 +0.500
Jun '15 94.900 94.225 94.600 -0.200
Jul '15 93.000 92.250 92.600 +0.350
Aug '15 90.000 89.300 89.500 +0.200
Oct '15 77.200 77.075 77.500 0.000
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