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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 Bids1061981
New Crop10661003
 

Riceland Foods

 
Cash BidsStuttgart: 1044Pendleton: 1044
New CropStuttgart: 1002 Pendleton: 1007
 

Futures:
SOYBEANS
High Low Last Change
Jan '15 1040.00 1013.50 1039.00 +18.50
Mar '15 1047.25 1021.00 1046.00 +18.00
May '15 1053.00 1028.00 1052.25 +17.75
Jul '15 1058.00 1032.50 1056.25 +17.00
Aug '15 1056.00 1037.25 1055.75 +16.25
Sep '15 1034.50 1018.00 1033.25 +14.50
Nov '15 1019.50 997.50 1017.75 +13.25
Jan '16 1024.25 1010.50 1022.75 +12.75
Mar '16 1028.50 +13.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybeans started slow but manage to post strong gains again today, the market continues to find support in strong demand it has seen in recent weeks. Prices are still well below recent highs but have established strong support near $10.



Wheat

HighLow
Cash Bids502462
New Crop557513
 

Futures:
WHEAT
High Low Last Change
Dec '14 553.75 540.75 547.25 0.00
Mar '15 560.00 547.50 553.50 +1.00
May '15 566.25 554.25 560.50 +1.25
Jul '15 571.00 559.00 566.00 +1.50
Sep '15 579.00 567.50 574.50 +1.25
Dec '15 590.75 579.75 586.00 +1.00
Mar '16 594.50 +1.00
May '16 596.75 +0.75
Jul '16 590.75 580.75 590.25 +0.50
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat posted modest gains today. While demand continues to drag prices lower, the current cold weather has trader concerned about supplies. Look for prices have difficulty maintaining gains without some help from outside markets.



Grain Sorghum

HighLow
Cash Bids453353
New Crop466416
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids398323
New Crop406363
 

Futures:
CORN
High Low Last Change
Dec '14 381.50 369.75 372.75 -0.50
Mar '15 394.25 382.75 385.25 -1.00
May '15 403.00 391.50 394.25 -0.75
Jul '15 410.00 399.00 401.25 -1.00
Sep '15 415.50 405.25 407.50 -1.00
Dec '15 423.50 413.25 415.75 -0.50
Mar '16 431.00 421.50 423.50 -0.50
May '16 432.75 432.75 429.50 -0.75
Jul '16 440.75 435.00 434.25 -0.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices. Posted modest losses today. The market continues to have difficulty maintaining gains given the weak demand we have seen in recent weeks. Corn continues to need additional demand to provide some much needed support for prices. Recent highs seem to be the new ceiling for prices. Look for prices to continue in a sideways to lower pattern.



Cotton

Futures:
COTTON
High Low Last Change
Dec '14 59.79 58.51 59.76 1.22
Mar '15 59.74 58.8 59.52 0.66

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

Cotton futures rebounded a bit today, but December and March again failed at resistance at 60 cents. The market is trading at 5 year lows and there isn’t any apparent support seen on the monthly continuation. Yesterday’s move higher failed at that level and sent futures lower in today’s trade.



Rice

HighLow
Long Grain Cash Bids- - -1196/cwt
Long Grain New Crop- - -1165/cwt
 

Futures:
ROUGH RICE
High Low Last Change
Jan '15 1260.0 1252.0 1259.5 +1.5
Mar '15 1286.5 1280.0 1285.5 +1.0
May '15 1310.5 1310.5 1309.5 +1.0
Jul '15 1329.5 +1.0
Sep '15 1245.0 +0.5
Nov '15 1235.0 +0.5
Jan '16 1235.0 +0.5
DTN Click here for info on Exchange delays.

Rice Comment

The bulls continued to push rice prices higher today. January held above $12.50, while March gapped higher to close above resistance at $13. There is little fundamental news to justify the strength, however. The US harvest is all but complete, and the market has a big crop to move. Ample global supplies will also continue to limit the upside.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Dec '14 171.275 169.800 171.000 +0.750
Feb '15 172.650 171.300 172.375 +0.550
Apr '15 171.100 169.800 170.450 +0.150
Jun '15 162.925 161.650 162.600 +0.600
Aug '15 159.200 157.775 158.850 +0.900
Oct '15 160.400 159.000 159.925 +0.675
Dec '15 160.150 159.125 159.875 +0.975
Feb '16 159.225 158.225 159.000 +1.050
Apr '16 158.250 157.500 158.000 +0.600
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Jan '15 236.875 235.000 236.400 +0.825
Mar '15 234.775 233.150 234.425 +0.700
Apr '15 235.050 233.500 234.725 +0.775
May '15 234.875 233.175 234.700 +1.150
Aug '15 235.000 233.675 234.900 +1.075
Sep '15 234.400 232.850 234.300 +1.300
Oct '15 233.500 232.000 234.000 +0.750
Nov '15 234.000 +0.500
DTN Click here for info on Exchange delays.

Arkansas Prices
Arkansas Weekly Livestock Summary

Cattle Comment

Cattle prices ended the week up after setting new all-time highs. Look for these prices to remain volatile, but continue to trend higher as the market tries to buy additional supplies.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Dec '14 90.900 90.050 90.700 -0.075
Feb '15 91.275 90.150 90.550 -0.350
Apr '15 93.150 92.250 92.900 +0.150
May '15 95.575 94.700 94.800 0.000
Jun '15 98.750 97.600 98.400 +0.400
Jul '15 97.425 96.400 97.000 +0.075
Aug '15 94.925 93.975 94.525 +0.375
Oct '15 81.150 80.450 80.775 +0.175
Dec '15 76.700 76.275 76.700 +0.700
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