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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 Bids1070984
New Crop10661046
 

Riceland Foods

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

Futures:
SOYBEANS
High Low Last Change
Jan '15 1042.25 1025.25 1038.25 +7.75
Mar '15 1050.00 1033.00 1045.75 +7.25
May '15 1057.50 1040.75 1053.50 +7.50
Jul '15 1063.50 1047.75 1059.75 +7.75
Aug '15 1058.75 1048.50 1058.75 +8.00
Sep '15 1040.75 1038.50 1039.50 +7.00
Nov '15 1026.00 1013.00 1024.00 +6.50
Jan '16 1030.50 1018.75 1029.25 +6.00
Mar '16 1034.75 +6.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybean prices were up again today. With inspections again coming in at more than 2.2 million tons, the market remains focused on demand. If these strong exports continue we could again see the USDA raise the export forecast. With the chance of another yield increase looming this could help prevent future increase in stocks.



Wheat

HighLow
Cash Bids637547
New Crop592567
 

Futures:
WHEAT
High Low Last Change
Mar '15 644.50 621.00 625.75 -6.50
May '15 645.50 623.25 629.25 -5.75
Jul '15 644.50 622.25 630.75 -3.50
Sep '15 650.00 631.50 637.50 -3.75
Dec '15 659.25 641.00 646.25 -4.50
Mar '16 662.50 646.75 649.25 -6.75
May '16 643.00 -7.00
Jul '16 625.00 620.00 611.75 -11.25
Sep '16 608.00 608.00 614.75 -11.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat prices closed lower today, despite a new announcement by Russia that they are likely to impose an export tariff on wheat. While this is supportive of wheat prices we are likely to see limited price increases. Last weeks high will remain tough resistance for this market. Look for prices to find temporary support but trend lower longer term as large global supplies and overpriced U.S. wheat will continue to pressure prices.



Grain Sorghum

HighLow
Cash Bids491382
New Crop501501
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids425392
New Crop421396
 

Futures:
CORN
High Low Last Change
Mar '15 414.25 408.50 411.75 +1.25
May '15 422.50 417.00 420.25 +1.25
Jul '15 429.25 424.00 426.75 +0.75
Sep '15 431.50 426.50 429.25 +1.00
Dec '15 437.75 432.50 434.75 -0.25
Mar '16 445.50 441.25 443.25 -0.25
May '16 451.00 448.00 449.00 -0.25
Jul '16 455.00 452.75 452.75 -0.50
Sep '16 441.00 441.00 442.00 +0.75
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices closed higher today as the market found support in a good export inspection report. The corn market continues to wait and see if China's announcement last week will lead to new corn sales to China. The chance remains that this announcement could lead to cancellation of sorghum sales. If this happens we would see sorghum prices drop quickly.



Cotton

Futures:
COTTON
High Low Last Change
Mar '15 62.17 60.46 62.04 1.15
May '15 62.6 61.03 62.49 1.14
Dec '15 65.45 64.45 65.38 0.84

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

March Cotton futures broke out of the recent trading range today as prices shattered previous resistance at 61cents and closed above 62 cents. On Friday, Informa released their 2015 acreage estimate. They have the crop pegged at 9.6 million acres, down 13.1% from the 2014 crop.



Rice

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

Futures:
ROUGH RICE
High Low Last Change
Jan '15 1238.0 1213.0 1216.0 -15.0
Mar '15 1259.5 1235.0 1238.5 -14.5
May '15 1266.0 -14.5
Jul '15 1282.5 -12.5
Sep '15 1235.0 1235.0 1220.5 -12.5
Nov '15 1216.5 -12.5
Jan '16 1217.5 -12.5
DTN Click here for info on Exchange delays.

Rice Comment

Rice futures were lower today, but continue to consolidate above support which for January is around $12 and for March near $12.26. Resistance on any rebound will be $12.86 ½ for March. Burdensome world stocks continue to limit the upside potential. However, the normalization of trade with Cuba was great news for Arkansas rice farmers this week as it reopens a market with great potential. A recent tender from Iraq could also hold good news for the U.S. Industry.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Dec '14 162.200 161.150 161.700 +0.950
Feb '15 161.425 160.250 160.700 +0.600
Apr '15 160.750 159.550 160.050 +0.375
Jun '15 153.350 152.400 152.800 +0.300
Aug '15 151.675 150.675 151.125 +0.325
Oct '15 153.225 152.175 152.600 +0.350
Dec '15 154.000 152.950 153.425 +0.150
Feb '16 153.500 152.725 153.200 +0.275
Apr '16 153.500 153.100 153.200 +0.450
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Jan '15 221.775 219.800 220.200 +0.050
Mar '15 219.475 217.825 218.500 +0.525
Apr '15 219.675 218.150 218.825 +0.750
May '15 220.100 218.725 219.250 +0.650
Aug '15 221.050 219.650 220.200 +0.600
Sep '15 220.200 219.375 219.750 +0.150
Oct '15 219.800 218.525 219.750 +1.000
Nov '15 218.000 217.250 217.850 +0.875
DTN Click here for info on Exchange delays.

Arkansas Prices
Ash Flat Livestock Auction
Ola Livestock Auction
Springdale Livestock Auction

Oklahoma City
Oklahoma City - Feeder Cattle Auction Weighted Average Report

Cattle Comment

Cattle prices closed slightly higher today. The market continues to rally after last weeks decline. The market continues to hold support at the 100 day moving average.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Feb '15 82.375 80.150 80.275 -1.625
Apr '15 83.575 82.400 82.400 -0.800
May '15 86.875 85.700 86.000 -1.175
Jun '15 90.250 88.850 89.075 -1.350
Jul '15 89.175 88.200 88.450 -1.025
Aug '15 88.400 87.400 87.475 -1.125
Oct '15 76.400 74.250 74.450 -2.200
Dec '15 72.575 70.125 70.500 -1.950
Feb '16 73.225 72.250 72.250 -1.625
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