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  3. Ohio: Corn College Workshop, Greenville, Feb. 10

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  7. Georgia: Ag Business Planning Workshop, Glennville, Feb. 11, 18

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

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  9. Four States Agricultural Exposition, Texarkana, Feb. 11

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  12. Tennessee: Irrigation Meeting, Somerville, Feb. 16

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

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

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  15. Texas: Oil, Gas Leasing Workshop, College Station, Feb. 22

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  16. Texas: Wild Pig Management Workshop, Burnet, Feb. 24

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

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

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

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

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  21. Texas: Rice Technical Working Group Conference, 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

    March 15 @ 8:00 am - March 16 @ 5:00 pm

 

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AFB Grain-Soybean Close: Prices Continue Rally

Ernst Undesser
By Ernst Undesser June 19, 2014

Soybean Comment

Soybean prices saw strong gains today, as the market received additional support from storms forecast across large parts of the growing region. November soybeans saw strong gains today, which helped propel prices further away from support at $12. This market will remain volatile ahead of the acreage report later this month as traders work to position themselves ahead of the report. Just as a reminder the midpoint of the USDA price forecast for 2014/15 is $10.75.

Wheat Comment

Wheat prices saw additional follow through from yesterday’s gains. While gains this week have put some 18-cents on the wheat price, this market remains oversold and needs additional gains. While weather issues continue to provide support for wheat, large supplies and weak demand will likely cap gains near support at $6.

Corn Comment

Corn prices continued their technical rally today despite a disappointing export sales report. Corn prices have bounced off of new lows and closed some 8-cents higher in the last week. In addition to technical strength, recent storms across parts of the Midwest are worrying traders about the potential damage to the crops caused by flooding, hail, and high winds. While these factors are supporting the market longer term this market will turn back to the yield potential, and unless these storms devastate large areas the outlook for these crops will remain for record yields which could push prices back towards $4 once again.

        
         

Soybeans

High Low
Cash Bids 1429 1354
New Crop 1229 1153

 

Riceland Foods

Cash Bids Stuttgart: 1416 Pendleton: 1416
New Crop Stuttgart: 1230 Pendleton: 1237

 

Futures:
High Low Last Change
Jul ’14 1422.00 1406.00 1420.75 +11.75
Aug ’14 1370.50 1355.00 1369.00 +11.75
Sep ’14 1264.25 1246.50 1263.00 +13.50
Nov ’14 1228.25 1210.00 1227.25 +14.25
Jan ’15 1235.00 1217.00 1234.25 +14.25
Mar ’15 1241.25 1223.25 1240.50 +14.25
May ’15 1244.75 1228.00 1244.25 +13.50
Jul ’15 1250.75 1234.25 1250.25 +13.00
Aug ’15 1234.75 +12.50

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

 

Wheat

High Low
Cash Bids 597 522
New Crop 589 564

 

Futures:
High Low Last Change
Jul ’14 596.50 585.75 593.50 +6.50
Sep ’14 604.50 594.75 602.50 +6.25
Dec ’14 626.75 616.00 623.75 +6.00
Mar ’15 645.75 634.75 642.75 +6.00
May ’15 657.00 649.25 654.50 +5.25
Jul ’15 661.00 652.50 659.75 +5.25
Sep ’15 666.75 666.75 669.00 +5.25
Dec ’15 682.75 675.25 682.00 +5.50
Mar ’16 688.25 +5.50

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

 

Grain Sorghum

High Low
Cash Bids 461 392
New Crop 484 370

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Corn

High Low
Cash Bids 471 417
New Crop 431 387

 

Futures:
High Low Last Change
Jul ’14 450.75 441.00 450.50 +9.00
Sep ’14 444.50 435.00 444.25 +8.75
Dec ’14 448.00 439.25 447.50 +8.00
Mar ’15 458.00 449.75 457.75 +8.00
May ’15 465.00 456.25 464.75 +7.50
Jul ’15 471.25 463.75 471.25 +7.50
Sep ’15 466.25 460.75 466.75 +6.50
Dec ’15 462.75 456.50 462.00 +5.50
Mar ’16 471.25 471.25 471.00 +5.50

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

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Ernst Undesser
By Ernst Undesser June 19, 2014