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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 Bids13031217
New Crop11381048
 

Riceland Foods

 
Cash BidsStuttgart: 1098Pendleton: 1105
New CropStuttgart: - - - Pendleton: - - -
 

Futures:
SOYBEANS
High Low Last Change
Aug '14 1242.25 1219.25 1226.50 -10.00
Sep '14 1143.75 1118.25 1121.50 -15.50
Nov '14 1116.50 1089.00 1095.00 -12.75
Jan '15 1122.25 1095.75 1102.25 -12.00
Mar '15 1128.00 1102.25 1108.25 -11.75
May '15 1133.25 1108.25 1114.00 -11.25
Jul '15 1140.00 1114.75 1120.25 -11.25
Aug '15 1119.00 1113.75 1115.75 -10.00
Sep '15 1096.25 1096.25 1098.75 -8.50
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybean prices fell sharply today giving back about half of yesterday's gains. While soybean conditions did decline yesterday and new export sales were reported today, the market feels supplies will be adequate this fall. Large supplies both here in the U.S. and in South America will limit gains in this market and likely push these prices lower. Soybean prices are still I danger of moving below $10.



Wheat

HighLow
Cash Bids515460
New Crop592540
 

Futures:
WHEAT
High Low Last Change
Sep '14 535.75 518.50 520.00 -14.75
Dec '14 558.00 542.25 543.75 -14.00
Mar '15 580.50 566.50 568.25 -12.00
May '15 594.75 581.50 583.50 -11.25
Jul '15 606.25 592.50 594.00 -12.00
Sep '15 616.50 605.00 606.50 -11.50
Dec '15 633.75 620.00 622.00 -11.75
Mar '16 631.75 -11.25
May '16 634.50 -11.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices posted new contract lows today. Price remain pressured by large global supplies and weak demand. Current declines in corn, are putting additional pressure on wheat as wheat tries to be more competitive in the feed market.



Grain Sorghum

HighLow
Cash Bids432318
New Crop432303
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids397361
New Crop382335
 

Futures:
CORN
High Low Last Change
Sep '14 368.50 358.50 361.50 -6.25
Dec '14 377.25 368.00 371.00 -5.75
Mar '15 389.00 380.00 383.00 -5.50
May '15 397.00 388.25 391.25 -5.25
Jul '15 403.25 395.75 399.00 -4.50
Sep '15 409.75 403.00 406.50 -3.75
Dec '15 416.25 409.50 413.50 -2.25
Mar '16 426.00 421.50 422.50 -1.75
May '16 430.00 427.00 429.00 -1.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices fell today as the market did not see the expected declines in crop conditions yesterday. This combined with new weather forecasts pointing to favorable weather for the foreseeable future has com prices on the retreat. Continued forecasts of record supplies will limit any potential gains in this market. While demand reports remain favorable with another large export sale reported today, this is not enough to provide any significant support to prices. Corn near $3 remains likely as we head towards harvest. While sharp declines are occurring in current corn prices 2015 prices remain above $4 offering opportunities to price next years crop.



Cotton

Futures:
COTTON
High Low Last Change
Oct '14 65.3 63.97 64.44 -0.92
Dec '14 65.99 64.6 65.01 -0.87

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

Cotton lost ground today after posting small gains Monday. For now, December has found support at 64.53.The market is now trading at its lowest level since October 2009, and below the 10-year average of 74.38 cents and the 20 –year average of 69.20 cents. The crop remains in good condition and the potential for a large crop remains likely. 2015 acreage is already being questioned with prices at nearly 5-year lows.



Rice

HighLow
Long Grain Cash Bids- - -1238/cwt
Long Grain New Crop- - -- - -
 

Futures:
ROUGH RICE
High Low Last Change
Sep '14 1314.0 1292.0 1313.0 +20.5
Nov '14 1336.0 1315.0 1335.5 +20.0
Jan '15 1350.0 1350.0 1352.0 +19.5
Mar '15 1368.5 +19.5
May '15 1384.5 +20.5
Jul '15 1402.5 +20.5
Sep '15 1396.0 +20.5
DTN Click here for info on Exchange delays.

Rice Comment

Rice futures posted gains across the board. The rice crop remains in good shape, with the percentage of rice in good to excellent condition nationwide improved to 71% last week. Slow exports and large world stocks are also limiting the upside potential. September has support at $12.78 ½, and November has support at $13.01.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Aug '14 159.600 158.400 158.875 -0.175
Oct '14 159.725 158.675 159.175 +0.100
Dec '14 160.000 158.625 159.225 -0.025
Feb '15 158.575 157.350 158.175 +0.675
Apr '15 158.000 157.175 157.800 +0.500
Jun '15 149.850 148.975 149.525 +0.375
Aug '15 148.350 147.450 147.800 +0.200
Oct '15 149.650 149.025 149.500 0.000
Dec '15 149.000 148.150 149.000 +1.750
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Aug '14 221.800 220.000 221.750 +1.575
Sep '14 222.725 221.175 222.725 +1.525
Oct '14 222.425 220.800 222.425 +1.575
Nov '14 221.600 220.050 221.600 +1.500
Jan '15 215.275 214.025 215.275 +1.425
Mar '15 212.750 211.675 212.750 +1.000
Apr '15 212.250 211.425 212.400 +1.000
May '15 212.500 212.000 212.500 +1.500
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 mixed today. Feeder cattle saw strong gains while live cattle prices saw marginal gains. Prices remain close to recent high and ready to test resistance. Tight supplies will provide support for prices for the foreseeable future.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Aug '14 122.950 120.925 121.150 -2.525
Oct '14 106.575 105.175 106.100 -0.525
Dec '14 97.475 95.600 96.525 -0.825
Feb '15 92.975 91.175 91.900 -0.800
Apr '15 93.775 91.675 92.000 -1.850
May '15 92.625 92.000 91.700 -1.050
Jun '15 94.325 92.525 93.150 -1.050
Jul '15 92.050 91.000 91.825 -0.575
Aug '15 89.900 89.250 90.400 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