The Arkansas cash soybean market declined 9 cents over the weekend to a Monday opening price of $13.36. Most of the remaining week saw price climbing sharply to a high of $13.96 before suffering a 16 cent decline on Friday. The trading week closed at $13.80 on Friday, an overall 35 cent gain from the previous Friday closing mark. High individual market daily average for the week exceeded the $14.00 mark as both Old Town/Elaine and West Memphis reached $14.15 on Thursday. Five additional markets surpassed the $14.00 level on Thursday. The lowest individual market daily average was on Monday with $13.18 reported at both Jonesboro and Wheatley. Despite the sharp decline on Friday, all reporting markets remained at or above the $13.63 level.
(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.)