The 2014 crop Arkansas cash soybean market began its first full week of post-Thanksgiving trading with a 25 cent weekend loss, opening on Monday with a statewide average of $10.32. Price fell further on Tuesday before stabilizing on Wednesday into a full recovery that eventually regained all of the midweek losses and part of the weekend tumble.
The market closed on Friday at $10.46, an 11 cent decline from the prior week closing mark (Figure 1).
High individual daily market quote of the week was $10.86 at West Memphis on Friday with Old Town/Elaine at $10.81. All other reporting markets finished the week at or below $10.46. Low daily quote for the week occurred on Tuesday with $9.81 at Wynne. All individual reporting markets finished the week above $10.00 and below $11.00. Two markets, Blytheville and Osceola, failed to provide daily quotes after Monday of the past week. The Friday closing prices ranged from a low of $10.21 at Wynne to the high of $10.86 at West Memphis.
These end-of-week quotes left the market price range at 65 cents, the second straight week with a 5 cent expansion from the previous week ending range.
The 2015 soybean crop market closely tracked the 2014 crop cash movement. Price fell 24 cents over the weekend to a Monday statewide average of $9.81. Additional losses occurred on Tuesday before the market stabilized and began to post daily gains. The Friday closing average was $9.98, only a 7 cent decline from the previous end of week quote. High individual market quote for the week was $10.14 reported at Old Town/Elaine on Friday. The low for this week was $9.46 at both Augusta and Des Arc on Tuesday.
Thirteen markets continue to provide new crop quotes. End-of-the-week quotes saw market prices ranging from a low of $9.84 at Augusta to the high of $10.14 at Old Town/Elaine. These quotes represented a range of 30 cents, a second week of 5 cent narrowing from the previous week closing quotes.
(Market average prices stated in this report are unweighted averages of the state markets surveyed by NASS. Price data was based on USDA LR GR111 Arkansas Daily Grain Reports.)