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

    Tags:

    Leave a Reply

    Name and Email Address are required fields. Your email will not be published or shared with third parties.

    Sunbelt News

      Soybeans: How Has Chinese Demand Impacted the Market? – farmdoc03-27

      Oklahoma City Farm Show, April 3-503-27

      Texas: Hale and Swisher Crops Conference, Plainview, April 1403-27

      Louisiana: Soybean Board Awards LSU $1.9M for Soy Research03-27

      DTN Livestock Midday: Cattle Complex Gains Strength03-27

      DTN Grain Midday: Market Indices Higher03-27

      Base Acres and ARC-PLC Deadline Extended to April 7 – No Surprise Here.03-27

      Mississippi: Students Learn Soil Management, Conservation by Getting Down in the Dirt03-27

      Have Your Farm Help the Community Even After Death – DTN03-27

      Southern Corn: Wide Delays Continue, How Late Can You Go? – AgFax03-27

      Corn Has More Bullish Potential Than Beans Ahead Of USDA Projections03-27

      DTN Cotton Open: Little Change on Thin Volume03-27

      Georgia: Wheat Leaf Rust Detected, May Want to Check the Field03-27

      Crop Subsidies Deadine: Confusing Info, 25% Farmers Still Not Sure What to Do – Keith Good03-27

      Texas A&M: Run USDA On-Line Decision Tool Again. Say What? – Keith Good03-27

      DTN Livestock Open: Limited Feedlot Offerings03-27

      DTN Grain Open: Pressure By Rally in the U.S. Dollar Index03-27

      Death Tax: South Dakota Congressman Pushes Repeal, Tells Her Story – Video03-26

      Grain TV: Strong Soybean Exports, Corn Sales Disappointing03-26

      Environmental Group Questions USDA’s Science Integrity – DTN03-26

      Making Money With Manure, Advantages of Composting and Additives – DTN03-26

      DTN Livestock Close: Futures Pruned by Profit Taking03-26

      Chumrau on Wheat: Where More Rain is Needed to Make the HRW Crop03-26

      Texas Wheat: Concho, McCulloch Counties Wheat Tour, Millersview, April 3003-26

      Sorghum: Why It’s South China’s Hottest Import Grain – DTN03-26