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  3. California: Rice Field Day, Biggs, Aug. 31

    August 31 @ 8:00 am - 5:00 pm
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    September 7 @ 8:00 am - 5:00 pm
  5. Tennessee: Cotton Tour Field Day, Jackson, Sept. 7

    September 7 @ 8:00 am - 5:00 pm
  6. Georgia Peanut Tour, Tifton, Sept. 13-15

    September 13 @ 8:00 am - September 15 @ 5:00 pm
  7. West Texas Agricultural Chemicals Institute Annual Conference, Lubbock, Sept. 13

    September 13 @ 8:00 am - 5:00 pm
  8. Tennessee: Soybean Disease Field Day, Milan, Sept. 13

    September 15 @ 8:00 am - 5:00 pm
  9. California: Rice Weed Course, Biggs, Sept. 16

    September 16 @ 8:00 am - 5:00 pm
  10. Michigan: Soybean Harvest Equipment Field Day, Edwardsburg, Sept. 16

    September 16 @ 8:00 am - 5:00 pm
  11. Missouri: Farm Lease Program, Sept. 20

    September 20 @ 8:00 am - 5:00 pm
  12. California Almond Conference, Sacramento, Dec. 6-8

    December 6 @ 8:00 am - December 8 @ 5:00 pm

AFB Grain-Soybean Close: Prices Drop Across the Board

Ernst Undesser
By Ernst Undesser January 29, 2014

Soybean Comment

Soybeans posted sharp losses today. The market continues to be focused on supply, watching the weather and crop prospects in South America and speculating about U.S. acreage. The market is bracing for demand to shift to South America, and March was the downside leader as a result. Gulf basis levels continue to drop, but so far weekly export reports haven’t shown much of a slow-down. Also, so far, Chinese cancellations that have been speculated about and expected haven’t materialized. March is back near support at $12.62 ½, and November is testing support at $11.

Wheat Comment

Wheat prices continue to put in new lows as weakness in outside markets and negative global fundamentals push prices lower. With the current out look there is little hope for a rally in wheat and a much larger chance of a continued decline to $5.00. While prices now are not good, they are likely better than what they will be at harvest this spring.

Corn Comment

Corn prices fell today after an announcement by the federal reserve spooked the market as dollar outlook is uncertain. Additionally, weakness in soybeans and prospects of a large South American corn crop has the market concerned about large supplies in the near term. While levels remain firm, look for corn price gains to be difficult to maintain as farmer held supplies remain large. Corn prices remain in the upper end of the trade range between $4.10 and $4.35.

 

Soybeans

High Low
Cash Bids 1344 1271
New Crop 1315 1310

 

Riceland Foods

Cash Bids Stuttgart: 1299 Pendleton: 1299
New Crop Stuttgart: 1088 Pendleton: 1113

 

Futures:
High Low Last Change
Mar ’14 1286.00 1266.00 1269.25 -16.25
May ’14 1271.00 1254.25 1256.75 -14.25
Jul ’14 1255.75 1240.00 1242.50 -14.00
Aug ’14 1213.75 1201.25 1203.25 -13.25
Sep ’14 1147.25 1137.75 1138.50 -11.00
Nov ’14 1106.00 1096.25 1097.75 -7.25
Jan ’15 1110.00 1102.25 1102.50 -7.50
Mar ’15 1110.75 1106.00 1107.00 -7.25
May ’15 1111.00 1108.00 1108.00 -6.50

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Wheat

High Low
Cash Bids 609 519
New Crop

 

Futures:
High Low Last Change
Mar ’14 567.00 550.50 551.50 -14.50
May ’14 572.00 555.00 556.00 -15.75
Jul ’14 576.50 558.25 559.50 -17.00
Sep ’14 585.00 567.00 567.75 -17.25
Dec ’14 597.50 579.25 580.25 -17.25
Mar ’15 602.25 589.00 589.75 -17.50
May ’15 600.00 591.25 591.75 -16.00
Jul ’15 598.00 586.00 586.75 -14.00
Sep ’15 592.75 -14.25

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Grain Sorghum

High Low
Cash Bids 494 407
New Crop

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn

High Low
Cash Bids 462 427
New Crop 460 455

 

Futures:
High Low Last Change
Mar ’14 431.75 427.00 427.50 -4.50
May ’14 437.75 433.25 434.00 -4.00
Jul ’14 443.00 438.25 439.25 -4.00
Sep ’14 445.75 441.25 442.00 -4.00
Dec ’14 450.75 446.00 446.75 -4.00
Mar ’15 460.00 456.00 456.50 -3.75
May ’15 466.00 462.25 463.00 -3.50
Jul ’15 469.25 466.75 466.75 -3.50
Sep ’15 463.25 461.50 461.00 -3.00

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

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Ernst Undesser
By Ernst Undesser January 29, 2014