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  3. Tennessee: No-Till Field Day, Milan, July 28

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AFB Grain-Soybean Close: Soybeans Lead Markets Lower

Ernst Undesser
By Ernst Undesser July 23, 2013

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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Ernst Undesser
By Ernst Undesser July 23, 2013