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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 Bids14951425
New Crop12261166
 

Riceland Foods

 
Cash BidsStuttgart: 1463Pendleton: 1463
New CropStuttgart: 1230 Pendleton: 1237
 

Futures:
SOYBEANS
High Low Last Change
May '14 1487.25 1466.75 1468.50 -11.25
Jul '14 1479.00 1460.50 1464.75 -6.00
Aug '14 1408.00 1389.50 1400.50 +3.25
Sep '14 1289.00 1272.50 1285.50 +7.25
Nov '14 1228.75 1210.00 1227.50 +12.00
Jan '15 1234.25 1216.00 1233.00 +12.00
Mar '15 1238.75 1220.75 1237.75 +12.50
May '15 1242.75 1225.00 1242.25 +13.00
Jul '15 1249.00 1230.50 1248.25 +13.50
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybeans ended the day mostly higher. Nearby contracts were lower on continued concerns of Chinese cancellations. Improving weather should allow farmers to make significant progress toward getting the crop in the ground. November will have key support at $12 and then $11.65. Resistance is at $12.44.



Wheat

HighLow
Cash Bids699621
New Crop675650
 

Futures:
WHEAT
High Low Last Change
May '14 679.50 667.75 676.50 +3.50
Jul '14 685.50 673.50 682.75 +3.25
Sep '14 694.50 683.00 691.75 +2.75
Dec '14 708.25 696.75 705.75 +2.75
Mar '15 719.75 711.00 718.75 +2.00
May '15 725.00 717.50 723.25 +1.50
Jul '15 713.50 701.75 710.75 +3.50
Sep '15 714.25 +3.75
Dec '15 722.50 +3.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices closed higher and continue to maintain support at $6.76. With little changes in the fundamentals, wheat will need a good export report tomorrow to maintain recent gains.



Grain Sorghum

HighLow
Cash Bids529465
New Crop506448
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids519471
New Crop498456
 

Futures:
CORN
High Low Last Change
May '14 504.25 494.50 503.50 +7.25
Jul '14 510.00 500.25 509.50 +7.50
Sep '14 507.75 497.75 507.25 +8.25
Dec '14 505.00 494.75 504.50 +8.75
Mar '15 512.75 502.50 512.50 +9.00
May '15 518.50 508.75 518.75 +9.00
Jul '15 523.25 513.50 523.50 +9.25
Sep '15 506.50 499.75 506.00 +6.25
Dec '15 498.75 491.50 498.25 +6.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices closed higher again today. As demand news for corn is mixed with exports remaining strong and ethanol production trailing levels needed to meet the current forecast. The current weather forecast calls for more wet weather which has the market worried about planting the 2014 crop. Corn prices failed to close above resistance at $5.06, which means prices will need a good export report tomorrow to help prices continue their rally.



Cotton

Futures:
COTTON
High Low Last Change
May '14 93.21 89.75 92.9 1.89
Jul '14 93.31 90.73 92.64 -0.61
Dec '14 82.5 80.97 82.36 -0.13

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

Cotton prices closed lower. Cotton prices experienced some technical selling as the market moves into overbought territory.



Rice

HighLow
Long Grain Cash Bids- - -1500/cwt
Long Grain New Crop- - -1363/cwt
 

Futures:
ROUGH RICE
High Low Last Change
May '14 1525.0 1516.5 1524.0 +5.0
Jul '14 1536.5 1528.5 1530.0 -1.0
Sep '14 1446.0 1438.0 1438.5 -1.0
Nov '14 1450.5 1445.0 1445.0 0.0
Jan '15 1464.0 -0.5
Mar '15 1481.5 -7.0
May '15 1481.5 -7.0
DTN Click here for info on Exchange delays.

Rice Comment

Rice traded in a narrow range again today but ended the day mostly lower. USDA says that 32% of the crop is planted nation-wide, compared with a 5 year average of 44%. Much of that lag is in Arkansas, where only 29% has been seeded, compared with a 5 year average of 46%. Old crop contracts were under pressure from burdensome world stocks. May futures have broken out of the trading channel that has supported the market for about a month and moved to their lowest level in approximately 13 months. Support is found at Monday’s low of $15.08 and then $15.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Apr '14 144.000 143.075 144.000 +0.300
Jun '14 135.350 134.325 135.325 +0.350
Aug '14 134.275 133.000 134.275 +0.600
Oct '14 138.600 137.575 138.550 +0.400
Dec '14 140.750 139.975 140.725 +0.275
Feb '15 141.650 140.700 141.600 +0.500
Apr '15 141.500 140.675 141.425 +0.200
Jun '15 135.000 134.675 134.850 +0.350
Aug '15 133.825 133.675 133.825 +0.825
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
May '14 178.900 178.250 178.725 +0.375
Aug '14 182.875 181.900 182.675 +0.400
Sep '14 183.000 182.100 182.925 +0.550
Oct '14 182.775 181.900 182.725 +0.275
Nov '14 182.350 181.500 182.175 +0.075
Jan '15 179.650 178.675 179.650 +0.400
Mar '15 177.725 176.950 177.725 +0.225
Apr '15 177.025 176.750 176.750 +0.250
DTN Click here for info on Exchange delays.

Arkansas Prices
Conway Livestock Auction
Pocahontas Livestock Auction

Oklahoma City
Oklahoma City - Weekly Weighted Average Summary Wednesday

Cattle Comment

Cattle futures were higher across the board. Early losses were attributed to position evening ahead of the monthly cattle on feed report and ideas that feedlot placements will be up slightly from a year ago.



Hogs

Futures:
LEAN HOGS
High Low Last Change
May '14 123.775 120.300 123.400 +2.375
Jun '14 126.250 122.650 126.250 +3.000
Jul '14 124.000 120.625 124.000 +3.000
Aug '14 122.650 119.200 122.375 +2.725
Oct '14 102.350 98.975 102.050 +2.700
Dec '14 91.000 88.550 90.775 +1.900
Feb '15 87.700 86.500 87.250 +0.600
Apr '15 87.850 86.625 87.350 +1.600
May '15
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