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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 Bids1017928
New Crop1002977
 

Riceland Foods

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

Futures:
SOYBEANS
High Low Last Change
Mar '15 980.50 967.25 972.75 -4.00
May '15 987.00 974.25 979.50 -3.50
Jul '15 992.50 980.00 985.25 -3.50
Aug '15 992.50 980.00 985.50 -3.25
Sep '15 976.50 965.25 971.00 -2.25
Nov '15 965.00 954.00 959.75 -1.25
Jan '16 970.25 960.00 965.50 -1.25
Mar '16 973.75 965.50 971.25 -1.25
May '16 974.75 -1.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybeans continued to slide as export sales cancellations led to sales far below trade expectations. These prices continue to march towards lows set at the end of 2015. If South American weather improves, and we see another record crop it will be difficult for soybeans not to move to test support near $9.45



Wheat

HighLow
Cash Bids518469
New Crop498498
 

Futures:
WHEAT
High Low Last Change
Mar '15 536.00 526.25 530.00 -3.75
May '15 538.75 529.50 532.75 -4.50
Jul '15 542.50 533.50 536.50 -4.25
Sep '15 548.50 541.75 544.25 -4.25
Dec '15 560.75 553.00 555.75 -4.50
Mar '16 565.00 559.50 562.25 -4.25
May '16 563.25 561.00 562.00 -3.75
Jul '16 556.00 551.00 556.75 +3.25
Sep '16 559.50 +3.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices weakened further today. With little positive support to push these prices higher look for wheat to remain pressured and test support near $5.20 and eventually recent lows near $5.



Grain Sorghum

HighLow
Cash Bids479390
New Crop----
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids405357
New Crop407382
 

Futures:
CORN
High Low Last Change
Mar '15 388.50 382.00 386.75 +3.00
May '15 396.75 390.00 395.25 +3.25
Jul '15 403.75 397.50 402.75 +3.50
Sep '15 409.75 404.00 409.25 +4.00
Dec '15 418.00 412.00 417.25 +4.00
Mar '16 426.00 420.75 425.75 +3.75
May '16 432.25 426.50 432.00 +3.75
Jul '16 435.75 431.25 436.00 +3.50
Sep '16 428.00 +3.50
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices closed higher today while other markets continued their decline. Prices were supported by a strong export market, that reported the largest weekly sales figures in 3-years. Unfortunately, this only added a few cents to the market, which indicates this market is under significant pressure from outside markets and will likely give back these gains next week.



Cotton

Futures:
COTTON
High Low Last Change
Mar '15 58.67 57.05 57.3 -0.46
May '15 59.46 57.95 58.2 -0.45
Dec '15 62.39 61.28 61.5 -0.21

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

Cotton futures charted a bearish key reversal today, indicating that this market is ready for another leg down. Early gains were sparked by a better than expected export report. Net sales for the week ended January 15 were 470,300 running bales, up 89% from the previous four week average. Shipments were up 12% from the prior four week average at 226,200 running bales. However, the dollar continued to strengthen today, sparking ideas that the impressive exports could be short lived. Previous support of 57.84 cents on the monthly continuation was violated during selloff this week as the market trades to its lowest levels in over 5 years.



Rice

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

Futures:
ROUGH RICE
High Low Last Change
Mar '15 1123.5 1096.0 1101.0 -15.0
May '15 1149.5 1124.0 1127.0 -14.5
Jul '15 1151.0 -14.0
Sep '15 1119.0 -14.0
Nov '15 1129.0 -14.0
Jan '16 1138.0 -23.0
Mar '16 1138.0 -23.0
DTN Click here for info on Exchange delays.

Rice Comment

Rice futures stumbled again today and March traded below key support at $11 before closing a penny above that level. Net exports this week were 97,800 tons, and that was not enough to create any buying interest. Weak demand globally has resulted in the lowest price for Vietnamese rice in over 10 months, and prices in Pakistan are even lower, providing plenty of competition for U.S. origin rice and keeping a lid on prices here. The harvest in Vietnam and Thailand will begin soon, and that will add additional supplies to compete for market share.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Feb '15 152.950 150.350 150.350 -3.000
Apr '15 151.300 148.800 148.800 -3.000
Jun '15 144.925 142.775 142.775 -3.000
Aug '15 144.250 141.775 141.875 -2.900
Oct '15 146.325 144.250 144.250 -3.000
Dec '15 147.225 145.275 145.350 -2.925
Feb '16 146.900 145.150 145.525 -2.425
Apr '16 146.900 145.725 146.000 -2.150
Jun '16 141.400 -1.100
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Jan '15 216.200 213.375 213.625 -2.350
Mar '15 205.725 201.825 201.825 -4.500
Apr '15 206.500 202.550 202.550 -4.500
May '15 207.325 203.425 203.425 -4.500
Aug '15 208.400 205.025 205.025 -4.500
Sep '15 207.325 204.700 204.700 -4.500
Oct '15 206.500 203.625 203.625 -4.500
Nov '15 203.000 202.575 202.600 -4.475
DTN Click here for info on Exchange delays.

Arkansas Prices
Arkansas Weekly Livestock Summary

Cattle Comment

Cattle prices gave back all of their gains from earlier in the week as the market put in another down week. Higher than expect supplies in Thursday’s cold storage report has put significant pressure on prices as it indicates demand was not as strong as we originally thought.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Feb '15 70.800 68.850 69.300 -2.300
Apr '15 71.925 70.000 70.725 -2.150
May '15 78.725 76.725 76.775 -2.750
Jun '15 82.225 80.150 80.325 -2.825
Jul '15 81.750 80.150 80.650 -2.500
Aug '15 81.575 79.775 80.350 -2.425
Oct '15 72.000 69.850 70.500 -2.300
Dec '15 68.000 66.050 66.400 -2.500
Feb '16 69.575 68.425 67.500 -2.075
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