Agfax Buzz:

    July 23, 2013

    AFB Grain-Soybean Close: Soybeans Lead Markets Lower

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    Soybean Comment

    Soybeans posted sharp losses across the board. Basis levels have fallen sharply this week, and that has resulted in weakness in futures. Weaker export business and increase farmer contracting has resulted in the wider basis. USDA says that 64% of the crop is in good to excellent condition. Forecasts for cooler, wetter weather in the mid-west this week, though, are expected to improve growing conditions. November has support at $12.52 and $12.28.

    Wheat and Corn Comments Unavailable Today

     

    Soybeans

    High Low
    Cash Bids 1570 1525
    New Crop 1360 1242

     

    Riceland Foods

    Cash Bids Stuttgart: – – - Pendleton: – – -
    New Crop Stuttgart: 1260 Pendleton: 1280

     

    Futures:
    High Low Last Change
    Aug ’13 1526.25 1460.00 1462.50 -57.75
    Sep ’13 1357.00 1322.50 1324.00 -24.75
    Nov ’13 1296.00 1259.00 1260.25 -28.25
    Jan ’14 1300.00 1263.50 1265.00 -27.50
    Mar ’14 1297.50 1262.75 1264.25 -25.00
    May ’14 1287.00 1257.75 1259.50 -20.75
    Jul ’14 1286.25 1262.50 1263.00 -16.50
    Aug ’14 1253.50 -14.25
    Sep ’14 1236.75 -14.25

    Arkansas Daily Market Report

    FOB Memphis Elevator Crops

    Wheat

    High Low
    Cash Bids 668 593
    New Crop 698 660

     

    Futures:
    High Low Last Change
    Sep ’13 659.50 650.50 653.75 -6.00
    Dec ’13 671.25 662.00 665.50 -5.75
    Mar ’14 681.75 672.75 676.25 -6.25
    May ’14 687.50 679.00 682.75 -6.00
    Jul ’14 686.75 675.00 680.75 -6.50
    Sep ’14 692.50 682.75 688.00 -7.25
    Dec ’14 705.75 692.00 699.50 -6.25
    Mar ’15 706.00 -6.25
    May ’15 706.75 -6.25

    Arkansas Daily Market Report

    FOB Memphis Elevator Crops

    Grain Sorghum

    High Low
    Cash Bids 553 458
    New Crop 523 488

    Arkansas Daily Market Report

    FOB Memphis Elevator Crops

    Corn

    High Low
    Cash Bids 632 621
    New Crop 522 481

     

    Futures:
    High Low Last Change
    Sep ’13 539.25 521.50 522.50 -18.25
    Dec ’13 496.50 482.00 485.50 -12.50
    Mar ’14 508.25 494.50 498.00 -12.25
    May ’14 514.50 502.50 506.00 -12.25
    Jul ’14 520.25 509.00 512.00 -12.00
    Sep ’14 518.50 511.00 513.75 -11.00
    Dec ’14 521.75 512.75 515.75 -10.00
    Mar ’15 528.00 522.00 524.75 -10.25
    May ’15 527.25 527.25 528.25 -9.00

    Arkansas Daily Market Report

    FOB Memphis Elevator Crops

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