Print this page

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 Bids1035960
New Crop1021949
 

Riceland Foods

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

Futures:
SOYBEANS
High Low Last Change
May '16 1029.00 1009.00 1021.00 +3.00
Jul '16 1038.25 1018.25 1029.75 +2.25
Aug '16 1039.00 1019.75 1030.50 +2.00
Sep '16 1025.00 1008.50 1017.25 +0.75
Nov '16 1016.00 1000.50 1007.75 -0.75
Jan '17 1016.50 1002.50 1009.00 -0.50
Mar '17 1009.50 995.50 1001.50 -1.75
May '17 1003.25 991.00 997.75 -3.00
Jul '17 1004.25 993.25 999.25 -3.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybeans closed higher today, as new crop soybeans closed up more than 24-cents from last Fridays lows. The soybean market continues to rally as flooding in Argentina and strong Brazilian real remain supportive of prices. While global supplies remain strong the market will be anxiously awaiting China’s soybean import estimate for April. After a record March, the market is hopeful that April will continue to be strong, if not the oversold market could collapse.



Wheat

HighLow
Cash Bids485435
New Crop498473
 

Futures:
WHEAT
High Low Last Change
May '16 480.50 470.50 478.00 +2.50
Jul '16 490.75 480.75 488.50 +3.00
Sep '16 501.00 491.50 498.25 +3.00
Dec '16 519.25 510.00 516.00 +3.75
Mar '17 536.25 527.50 533.00 +4.25
May '17 544.50 538.25 543.25 +4.75
Jul '17 547.25 542.00 546.25 +4.25
Sep '17 553.75 +4.00
Dec '17 567.00 567.00 565.75 +3.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices closed slightly higher today despite large contract deliveries on the Chicago may contract. Wheat prices saw a 14-cent increase on the week, thanks to strong gains in other outside markets and a weakening dollar. While the weaker dollar continues to build hope for improved demand, wheat demand remains weak and the market could be faced with more than 1 billion bu in carryover in the May USDA report, which gives the market the first look at the 2016 forecast.



Grain Sorghum

HighLow
Cash Bids372331
New Crop371300
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids407377
New Crop400382
 

Futures:
CORN
High Low Last Change
May '16 392.00 385.00 390.25 +3.25
Jul '16 395.25 388.25 391.75 +0.50
Sep '16 393.75 387.25 391.75 +1.25
Dec '16 397.25 390.75 395.25 +0.75
Mar '17 405.00 399.25 402.75 -0.25
May '17 410.00 404.50 407.50 -0.50
Jul '17 414.25 409.00 411.50 -1.25
Sep '17 409.00 405.25 407.00 0.00
Dec '17 411.00 407.25 408.50 -0.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices closed slightly higher today after prices gained more than 14-cents on the week. Corn remains supported by strong export demand this month, which has put corn back on track to meet the current USDA estimate. Additionally, changes in Brazil export policy has traders hopeful that U.S. could export as much as 700,000 MT there. The market will need exports to remain strong as planting remains ahead of schedule and production forecast remain strong for 2016.



Cotton

Futures:
COTTON
High Low Last Change
May '16 63.51 63.26 63.76 0.07
Jul '16 64.17 63.15 63.77 0.08
Dec '16 62.99 62 62.72 0.18

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

Cotton futures were higher today, but ended the week well below Monday's highs. Weekly exports were a disappointing 74,600 running bales, down from 117,900 bales the previous week. This was due mainly to recent price increases, but the decrease was greater than expected. Export bookings are now down 23% from last year. The first level of resistance for May is Monday's high of 65.95 cents. July again has found resistance at the recent high of 64.75. The crop is now 10% planted, a bit behind the 5 year average pace, which is 13%.



Rice

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

Futures:
ROUGH RICE
High Low Last Change
May '16 1087.5 1069.5 1084.0 +10.5
Jul '16 1115.0 1092.5 1111.5 +11.0
Sep '16 1127.0 1110.0 1125.5 +9.5
Nov '16 1127.0 1127.0 1132.5 +8.5
Jan '17 1146.5 +7.0
Mar '17 1163.5 +7.0
May '17 1182.5 +7.0
DTN Click here for info on Exchange delays.

Rice Comment

Rice ended the week on a positive note, but did not challenge the highs set earlier in the week. May failed at the 62% retracement objective of $11.16 on Tuesday. Weekly exports were only 31,700 metric tons this week, down from 121,300 metric tons last week. The market will be watching crop progress closely. If farmers plant what they reported to USDA in the survey, the large crop will limit the upside potential. Currently, USDA says 62% of the crop in the ground and 38% emerged. In Arkansas, the totals are 75% planted and 40% emerged, so Arkansas farmers made lots of progress in a week’s time.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Apr '16 125.475 122.850 123.100 +0.250
Jun '16 116.400 114.075 114.925 +0.125
Aug '16 113.775 111.275 112.425 +0.675
Oct '16 113.425 111.175 112.325 +0.750
Dec '16 113.400 111.300 112.625 +0.750
Feb '17 112.400 110.525 111.825 +0.825
Apr '17 111.850 110.025 111.325 +0.300
Jun '17 106.100 104.325 105.650 +0.400
Aug '17 104.500 103.300 104.425 +0.950
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
May '16 141.575 138.575 140.425 -0.150
Aug '16 141.100 138.100 140.375 +0.575
Sep '16 140.875 138.175 140.500 +0.575
Oct '16 140.225 137.525 139.900 +0.525
Nov '16 136.000 133.525 135.650 +0.700
Jan '17 131.800 129.425 131.150 -0.275
Mar '17 131.100 128.550 130.300 -0.250
Apr '17 129.425 -0.250
DTN Click here for info on Exchange delays.

Arkansas Prices
Arkansas Weekly Livestock Summary

Cattle Comment

Cattle prices ended the week on a high note after a volatile week. Early in the week, live cattle prices were up $4/cwt and feeders were up $3/cwt following a neutral to bullish USDA Cattle on Feed Report and Cold Storage report last Friday. However, prices collapsed on Wednesday when wholesale beef prices were sharply lower. Cattle prices continue to trend lower after prices are down sharply during the month of April, feeders down $15 and live cattle closed down more than $9.



Hogs

Futures:
LEAN HOGS
High Low Last Change
May '16 77.975 76.550 77.900 +0.575
Jun '16 81.750 80.100 81.700 +0.925
Jul '16 81.900 80.600 81.775 +0.525
Aug '16 81.150 80.275 80.875 +0.125
Oct '16 70.125 69.550 69.725 -0.125
Dec '16 64.750 64.425 64.450 -0.025
Feb '17 67.500 67.100 67.175 -0.050
Apr '17 70.250 69.750 70.075 -0.050
May '17 74.900 74.900 74.900 +0.550
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