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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 Bids1036931
New Crop1014946
 

Riceland Foods

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

Futures:
SOYBEANS
High Low Last Change
Sep '16 1002.25 982.50 990.75 -7.50
Nov '16 980.25 960.50 967.25 -8.25
Jan '17 982.00 963.00 969.75 -7.75
Mar '17 981.75 963.50 970.50 -6.00
May '17 981.25 965.00 972.00 -4.50
Jul '17 982.00 966.50 973.75 -3.00
Aug '17 976.00 963.50 969.25 -1.25
Sep '17 947.75 947.75 949.75 +0.50
Nov '17 938.00 926.75 932.50 +1.00
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment

Soybeans weakened significantly again today, for the week November soybeans closed down 37-cents on the week. After falling below support at $10, losses have been less severe as demand remains strong and is helping support soybean prices. While demand is supportive, soybeans remain under pressure from a 4 billion plus bushel crop forecast. This weeks crop tour estimates the national yield even higher than the current USDA estimate. Look for prices to remain under pressure in to coming weeks as buying could slow as buyers look for bargains around harvest.



Wheat

HighLow
Cash Bids392346
New Crop442417
 

Futures:
WHEAT
High Low Last Change
Sep '16 402.25 381.00 383.50 -17.75
Dec '16 424.50 405.00 407.50 -16.25
Mar '17 447.50 429.25 432.00 -14.75
May '17 460.75 444.25 446.75 -14.00
Jul '17 470.00 453.50 455.75 -14.25
Sep '17 485.00 470.00 471.25 -12.75
Dec '17 504.00 491.75 492.50 -11.25
Mar '18 512.00 512.00 509.25 -10.25
May '18 516.00 -10.25
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat Comment

Wheat post new contract lows again today. This is the third time this week the December contract posted new lows as prices lost more than 37-cents this week. Wheat prices remain under pressure from large supplies and today's news from the federal reserve of higher interest rates could weaken demand going forward.



Grain Sorghum

HighLow
Cash Bids302264
New Crop317242
 

Arkansas Daily Grain Report

FOB Memphis Elevator Crops



Corn

HighLow
Cash Bids342309
New Crop346300
 

Futures:
CORN
High Low Last Change
Sep '16 325.25 315.75 316.25 -7.25
Dec '16 334.00 324.50 325.00 -7.00
Mar '17 343.50 334.25 334.50 -7.50
May '17 350.50 341.50 341.75 -7.25
Jul '17 358.00 348.75 349.00 -6.75
Sep '17 364.00 356.00 356.25 -6.75
Dec '17 374.00 366.25 366.75 -6.25
Mar '18 384.00 377.75 377.00 -5.75
May '18 387.25 387.00 382.25 -5.50
DTN Click here for info on Exchange delays.

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn Comment

Corn prices closed lower again today. For the week, corn was down more than 18-cents in both the nearby and new crop contracts. News from the fed of a pending interest rate hike combined with a bearish crop tour reports pushed prices lower today. Coming into today corn had seen only modest losses each day; however today's one-two punch pushed prices lower and force new low close for corn. Without some improvements in demand corn could push past contract lows as prices search for a harvest low in the coming weeks.



Cotton

Futures:
COTTON
High Low Last Change
Oct '16 68.45 67.87 67.71 -0.04
Dec '16 68.77 67.55 68.03 -0.01

Memphis, TN Cotton and Tobacco Programs

Cotton Comment

Cotton prices were no better than mixed. December is chopping along sideways around 68 cents, but is testing trendline support drawn off the February lows.



Rice

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

Futures:
ROUGH RICE
High Low Last Change
Sep '16 1004.5 968.5 973.0 -5.5
Nov '16 1024.0 987.0 992.5 +2.5
Jan '17 1037.5 1008.0 1015.5 +10.0
Mar '17 1038.0 +7.0
May '17 1059.5 +7.0
Jul '17 1079.5 +6.5
Sep '17 1072.5 +6.5
DTN Click here for info on Exchange delays.

Rice Comment

Rice futures traded in a wide range Before ending mostly higher. Nationwide, 13% of the crop is now rated poor to very poor, up from 8% last week. Another 25% is in fair condition, while 61% remains in good to excellent condition. In Louisiana, 17% is now in poor to very poor condition, while at home in Arkansas, 19% is in poor to very poor condition, 29% is in fair condition, and 52% is in good to excellent condition. Excessive rains have resulted in rice that has lodged and has sprouted in the field. This will all result in poorer quality rice and less than ideal yields. November has resistance at the recent high of $10.70, while support is at the recent lows around $9.50.



Cattle

Futures:
Live Cattle:
LIVE CATTLE
High Low Last Change
Aug '16 112.750 110.025 110.350 -2.125
Oct '16 109.425 106.200 106.350 -2.175
Dec '16 110.850 107.950 108.100 -1.850
Feb '17 110.575 108.075 108.225 -1.550
Apr '17 109.325 107.200 107.300 -1.275
Jun '17 102.575 100.875 101.000 -1.100
Aug '17 101.400 100.000 100.225 -0.900
Oct '17 102.200 101.250 101.575 -0.625
DTN Click here for info on Exchange delays.
Feeders:
FEEDER CATTLE
High Low Last Change
Sep '16 142.600 139.275 139.925 -1.875
Oct '16 138.925 135.150 135.950 -2.150
Nov '16 135.600 132.000 132.825 -2.025
Jan '17 131.050 128.000 128.975 -1.725
Mar '17 129.725 126.925 127.925 -1.600
Apr '17 129.100 127.500 127.925 -1.000
May '17 129.250 126.500 126.950 -1.250
Aug '17 127.000 -0.475
DTN Click here for info on Exchange delays.

Arkansas Prices
Arkansas Weekly Livestock Summary

Cattle Comment

Cattle prices ended the week sharply lower, with feeder cattle leading the way today. For the week October live cattle ended down almost $4/cwt and October feeders were off almost $6. The both market have lost around $10 from their highs in early August. Light demand and weak boxed beef prices continue to keep the pressure on prices despite lower feed prices in recent weeks.



Hogs

Futures:
LEAN HOGS
High Low Last Change
Oct '16 61.700 59.325 61.325 +2.625
Dec '16 57.350 55.000 56.625 +2.150
Feb '17 62.000 59.750 60.950 +1.600
Apr '17 66.775 65.250 65.975 +1.125
May '17 71.475 71.475 71.825 +0.525
Jun '17 76.900 75.000 75.800 +1.125
Jul '17 75.250 74.650 75.000 +0.650
Aug '17 75.200 73.700 74.000 +0.750
Oct '17 64.200 63.625 63.750 +0.750
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