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  9. Alabama-Florida Peanut Trade Show, Dothan, February 11

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  14. Tennessee: Cotton Focus Meeting, Jackson, Feb. 18

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  15. Illinois: Ag Tech Innovation Summit, Champaign, Feb. 18

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  18. Virginia: USDA Agricultural Outlook Forum, Arlington, Feb. 25-26

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  19. Georgia: Pest Manager Training, Forsyth, Feb. 25

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  20. Tennessee: Winter Row Crop Marketing Meeting, Mason, Feb. 25

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  21. Texas: Rice Technical Working Group, Galveston, March 1-4

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  22. Indiana Small Farm Conference, Danville, March 4-5

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  23. Kansas: 103rd Annual Cattlemen’s Day, Manhattan, March 4

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  24. Kentucky: Integrated Pest Management Training, Princeton, March 2

    March 6 @ 8:00 am
  25. Oklahoma: Irrigation Conference, Woodward, March 8

    March 8 @ 8:00 am - 5:00 pm
  26. Oklahoma: Pecan Management Course, Stillwater, March 8

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  27. Missouri: Free Pesticide Collection Event, Portageville, March 12

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  28. Florida: Carinata Summit, Quincy, March 15-16

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AFB Grain-Soybean Close: Wheat, Soybeans Fall, Corn Mixed

Ernst Undesser
By Ernst Undesser January 21, 2014

Soybean Comment

Soybeans sold off hard today. Rains in Argentina are improving yield prospects there. Technical selling was also a factor. U.S. acreage is widely expected to be up from 2013. If these acreage gains and normal yields are realized the tight soybean supplies we continue to discuss would likely be solved. With global stocks already at comfortable levels, if U.S. stocks were to increase it would open the downside risk in the market. March has a downside objective of the January low of $12.62 ½.

Wheat Comment

Wheat prices fell again today, as export inspections were less than trade expectations. Disappointing exports combined with the selloff we saw in soybeans pushed wheat to new contract lows. Large global supplies and weakness in outside markets are likely to continue to push wheat prices lower.

Corn Comment

Corn prices closed mixed today. Nearby contracts strengthened as today’s export inspections report beat trade expectations. However, the September contract and beyond saw declines as improving weather in South America led to double digit declines in soybeans. Look for the corn and soybean contract for the fall to follow each other closely in the coming weeks as the market works to ensure adequate corn and soybean acreage is planted in 2014.

        
         

Soybeans

High Low
Cash Bids 1392 1302
New Crop 1346 1342

 

Riceland Foods

Cash Bids Stuttgart: 1311 Pendleton: 1311
New Crop Stuttgart: 1099 Pendleton: 1124

 

Futures:
High Low Last Change
Mar ’14 1314.00 1280.00 1280.50 -36.00
May ’14 1295.50 1263.25 1264.00 -33.25
Jul ’14 1280.50 1248.75 1249.75 -32.25
Aug ’14 1238.50 1213.50 1214.75 -26.50
Sep ’14 1172.75 1149.75 1151.75 -19.75
Nov ’14 1128.00 1106.00 1109.00 -16.00
Jan ’15 1133.00 1111.75 1114.50 -15.75
Mar ’15 1128.25 1116.25 1119.00 -16.00
May ’15 1126.75 1117.25 1120.25 -15.75

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat

High Low
Cash Bids 609 517
New Crop 608 608

 

Futures:
High Low Last Change
Mar ’14 567.75 560.75 562.25 -1.25
May ’14 574.25 567.75 569.00 -1.50
Jul ’14 581.00 574.50 575.50 -1.50
Sep ’14 589.75 583.50 584.75 -1.00
Dec ’14 602.75 596.50 597.50 -1.00
Mar ’15 612.25 607.00 607.75 -1.00
May ’15 609.25 -1.75
Jul ’15 605.50 605.00 602.75 -3.00
Sep ’15 609.50 -2.50

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Grain Sorghum

High Low
Cash Bids 478 399
New Crop

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn

High Low
Cash Bids 454 429
New Crop 459 440

 

Futures:
High Low Last Change
Mar ’14 425.75 421.00 425.00 +1.00
May ’14 432.75 428.25 432.25 +0.50
Jul ’14 439.00 434.75 438.50 0.00
Sep ’14 443.50 439.75 442.50 -0.75
Dec ’14 449.00 445.25 447.00 -2.00
Mar ’15 458.25 454.75 456.75 -2.00
May ’15 464.50 462.00 463.00 -2.25
Jul ’15 468.25 466.50 466.50 -3.50
Sep ’15 460.00 460.00 460.25 -2.50

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

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Ernst Undesser
By Ernst Undesser January 21, 2014