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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 Bids985883
New Crop938868
 

Riceland Foods

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

Futures:
SOYBEANS
High Low Last Change
Aug '15 976.75 962.75 974.75 +13.50
Sep '15 956.25 941.50 954.00 +14.75
Nov '15 948.75 935.00 944.75 +11.50
Jan '16 954.50 940.00 950.75 +11.25
Mar '16 952.50 939.00 949.50 +12.00
May '16 948.25 934.00 945.50 +12.25
Jul '16 949.75 937.00 947.50 +12.75
Aug '16 937.75 937.75 941.00 +11.75
Sep '16 923.00 915.75 921.50 -12.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybeans closed higher today as prices recovered about a third of yesterday’s 31-cent loss. The market remains under significant pressure as traders remain focused on improving weather conditions. Prices have strong support neat $9.25 and given the uncertainty surrounding the acreage estimate, this support will likely hold. Look for prices to remain volatile as we approach the August USDA report which will incorporate the resurveyed acreage, and will include our first look at a survey based yield instead of trend yields.



Wheat

HighLow
Cash Bids477423
New Crop529524
 

Futures:
WHEAT
High Low Last Change
Sep '15 512.50 501.75 510.75 +8.25
Dec '15 521.50 511.25 520.25 +8.50
Mar '16 529.25 519.25 528.25 +9.00
May '16 533.00 523.50 532.75 +9.25
Jul '16 535.75 526.00 535.00 +9.50
Sep '16 543.00 536.50 543.00 +3.25
Dec '16 552.75 544.75 552.25 +9.25
Mar '17 559.00 +9.75
May '17 560.75 +9.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices saw a rare move higher today. Prices were supported by strength in outside markets and a technically oversold market. The fundamentals of the market remain unchanged which will make these gains difficult to maintain.



Grain Sorghum

HighLow
Cash Bids399388
New Crop399360
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids388343
New Crop378325
 

Futures:
CORN
High Low Last Change
Sep '15 376.00 370.00 375.00 +2.00
Dec '15 386.25 380.25 385.50 +2.00
Mar '16 397.25 391.25 396.50 +2.25
May '16 403.25 397.50 402.50 +2.25
Jul '16 408.75 402.75 408.00 +2.75
Sep '16 395.75 390.50 396.25 +3.25
Dec '16 398.75 392.75 397.75 +1.75
Mar '17 406.25 404.50 407.50 +2.25
May '17 412.75 409.00 413.50 +2.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices recovered some today with marginal gains relative to recent losses. After testing support near $3.80, prices rallied back and closed up slightly. With no change in the fundamental outlook these prices could be difficult to maintain. The gap left in yesterday’s chart could be viewed as a measuring gap making the objective of this market near $3.70. Prices will remain under pressure as improving weather forecast are expected to increase the size of this year’s crop.



Cotton

Futures:
COTTON
High Low Last Change
Oct '15 64.59 63.3 64.38 0.07
Dec '15 64.98 63.56 64.6 0.8
Mar '16 64.75 63.48 64.5 0.72

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

Cotton futures turned higher today with December charting a bullish reversal after bouncing off trendline support near 63.60. 58% of the cotton crop is rated good to excellent with another 35% rated fair and only 8% rated poor to very poor. 85% of the crop is now squaring and 44% is setting bolls. Outside economic factors continue to limit the upside potential of the market. The U.S. crop is in relatively good condition with no apparent weather problems, which is also a limiting factor. The USDA still has an updated planted acres report coming up as they are resurveying some key counties in Texas.



Rice

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

Futures:
ROUGH RICE
High Low Last Change
Sep '15 1105.0 1088.0 1098.0 +2.0
Nov '15 1131.0 1115.0 1124.5 +2.0
Jan '16 1151.5 +2.0
Mar '16 1171.5 +2.0
May '16 1190.0 +2.0
Jul '16 1190.0 +2.0
Sep '16 1191.0 +2.0
DTN Click here for info on Exchange delays.

Rice Comment

Rice futures traded in a narrow range before closing a bit higher. Weekly export totals were disappointing with only 9,400 metric tons sold for shipment in the 14-15 marketing year. A more respectable 132,400 tons were sold for 15-16 delivery, but included the 60,000 tons to Iraq reported previously by the USA Rice Federation. 69% of the crop is in good to excellent condition, down three points from last week. 51% of the crop is now headed. New crop contracts are testing support near $11. We need to see better movement in order to improve prices, especially with harvest approaching rapidly.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Aug '15 145.725 143.400 145.150 +2.125
Oct '15 146.975 144.350 146.950 +2.975
Dec '15 148.675 146.200 148.550 +2.450
Feb '16 148.600 146.450 148.425 +2.000
Apr '16 148.000 145.775 147.550 +1.725
Jun '16 140.225 138.175 140.225 +1.875
Aug '16 138.500 136.975 138.500 +1.775
Oct '16 140.625 138.800 140.625 +1.725
Dec '16 141.025 139.500 141.000 +1.600
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Aug '15 212.175 208.600 211.725 +2.975
Sep '15 209.450 205.850 208.725 +2.350
Oct '15 207.600 203.950 206.900 +2.325
Nov '15 206.025 202.800 205.200 +1.975
Jan '16 199.950 196.775 199.225 +2.000
Mar '16 198.200 195.475 197.100 +1.625
Apr '16 198.300 196.050 197.275 +1.725
May '16 196.375 195.125 196.375 +1.650
DTN Click here for info on Exchange delays.

Arkansas Prices
Ft. Smith Livestock Auction
Heber Springs Livestock Auction

Oklahoma City
Oklahoma City - Feeder Cattle Auction Weighted Average Report

Cattle Comment

Cattle prices closed sharply higher today. Reports of stronger beef prices provided just the support this oversold market needed to help recover some of the losses over the last week. The market will need beef prices to maintain strength as the fundamental picture improves putting downward pressure on beef prices.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Aug '15 79.525 76.875 79.150 +1.625
Oct '15 65.200 63.050 65.025 +1.475
Dec '15 61.750 60.275 61.575 +0.900
Feb '16 68.025 66.725 67.925 +0.800
Apr '16 72.925 71.875 72.800 +0.525
May '16 77.000 77.000 77.000 +0.250
Jun '16 80.725 80.025 80.675 +0.275
Jul '16 79.750 79.000 79.725 +0.475
Aug '16 77.950 77.225 77.925 +0.375
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