The Latest

Events

  1. Louisiana: Rice Field Days, May 28 – July 21

    May 28 @ 8:00 am - July 21 @ 5:00 pm
  2. Kentucky: Training on Resistant Weeds and New Herbicide Traits, June 23

    June 23 @ 8:00 am - July 23 @ 5:00 pm
  3. Iowa: Weed Science Field Day, June 25

    June 25 @ 8:00 am - August 26 @ 8:00 am
  4. Tennessee Soybeans: Scouting Schools, July 1 -14

    July 1 @ 8:00 am - August 14 @ 5:00 pm
  5. Georgia: Corn Hybrid Field Days, July 7-17

    July 7 @ 8:00 am - July 17 @ 8:00 am

 

AgFax Media. LLC

142 Westlake Drive Brandon, MS 39047

601-992-9488 Office

Owen Taylor Debra L. Ferguson Laurie Courtney

      

Circulation Questions?

Contact Laurie Courtney

 

AFB Grain-Soybean Close: Across the Board Gains Today

Ernst Undesser
By Ernst Undesser July 31, 2013 16:31

Soybean Comment

November beans tested the waters below $12 today, but quickly found buying interest and closed back above that key level. Below that, support is at the April low of $11.86. Beneficial rains have helped give the crop a boost. The USDA says that 63% of the crop is in good to excellent condition, 28% is fair, and only 9% is in the poor to very poor category. Basis bids have improved this week with little farmer selling reported.

Wheat Comment

Wheat prices posted strong gains today again today. Strength in the corn and soybean markets allowed for wheat to finally trade off its own fundamentals. December wheat prices are now bumping up against a second down trend line, which will act as resistance tomorrow. If prices manage to break this level, the next objective is for prices will be to top $7. Prices have support at nearby lows of $6.60.

Corn Comment

Corn prices look as though they have found a floor for the near term at $4.75. The market will likely begin to consolidate ahead of the USDA report a week from Monday. Corn fundamentals continue to support weaker prices; however the current oversold state of the market is minimizing losses and actually supporting higher prices. Corn prices have resistance at $4.90 and $5.00. It is unlikely with current market news that the prices will be able to reach the $5 level.

        
         

Soybeans

High Low
Cash Bids 1348 1225
New Crop 1233 1156

 

Riceland Foods

Cash Bids Stuttgart: – – – Pendleton: – – –
New Crop Stuttgart: – – – Pendleton: – – –

 

Futures:
High Low Last Change
Aug ’13 1375.50 1343.50 1374.00 +24.00
Sep ’13 1253.75 1237.25 1249.75 +0.75
Nov ’13 1211.50 1194.25 1206.25 +3.25
Jan ’14 1216.50 1199.00 1211.00 +3.00
Mar ’14 1217.50 1200.00 1212.75 +5.00
May ’14 1216.50 1199.75 1212.75 +5.50
Jul ’14 1220.50 1204.75 1217.00 +5.50
Aug ’14 1206.50 1205.00 1207.00 +6.50
Sep ’14 1193.00 1190.50 1192.50 +6.25

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat

High Low
Cash Bids 673 588
New Crop 690 660

 

Futures:
High Low Last Change
Sep ’13 665.75 653.50 664.25 +9.00
Dec ’13 679.25 665.75 677.00 +9.25
Mar ’14 690.00 676.50 687.75 +9.75
May ’14 695.50 684.25 693.00 +8.75
Jul ’14 691.50 679.75 689.00 +8.00
Sep ’14 697.25 687.50 695.25 +7.75
Dec ’14 704.00 693.50 702.50 +8.00
Mar ’15 708.00 700.75 709.25 +8.25
May ’15 713.00 +10.00

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Grain Sorghum

High Low
Cash Bids 538 491
New Crop 502 459

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn

High Low
Cash Bids 575 460
New Crop 477 444

 

Futures:
High Low Last Change
Sep ’13 499.50 493.00 499.00 +3.50
Dec ’13 480.50 473.25 479.00 +1.50
Mar ’14 493.00 486.00 491.50 +1.25
May ’14 500.75 494.25 499.25 +1.25
Jul ’14 507.25 501.00 505.50 +1.00
Sep ’14 506.50 501.50 504.50 -0.50
Dec ’14 508.25 502.00 506.75 0.00
Mar ’15 517.75 512.25 516.50 +0.50
May ’15 522.00 521.75 521.75 +1.50

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Tags: ,


Ernst Undesser
By Ernst Undesser July 31, 2013 16:31

The Buzz

Socially Speaking

From China


-
From Central Alabama


-
From Southeast Arkansas


-
From Iowa