The extended Memorial Day weekend cost the 2010 crop Arkansas cash market price 3 cents from the previous Friday close as the market opened at $13.65 on Tuesday (Figure 1, below). The statewide average price posted sizeable gains each remaining day of the week to a Friday closing mark of $14.09, a gain of 41 cents from the previous week close. The closing price level was the first to exceed $14.00 since March 4. Highest reported individual market daily average for the current week was $14.32 on Friday at both Osceola and Blytheville. The only other individual market near that level was West Memphis at $14.29. Lowest individual market daily average was on Tuesday with both Jonesboro and Wheatley at $13.40. Des Arc reported $13.44 on the same day. The last day of trading found all Arkansas reporting markets between $13.91 and $14.32 to close the week, an 8 cent narrower range than the previous week.
Forward booking prices for 2011 crop beans lost 5 cents over the extended Memorial Day weekend, opening on Tuesday at $13.35 (Figure 2, below). Forward booking price rose steadily each successive day for the entire remaining trading week, reaching a high of $13.68 on Friday. The closing mark represented a 28 cent improvement from the previous Friday closing mark. West Memphis topped the individual market quotes at $13.82 on Friday with Helena at $13.80. Lowest daily price quote of the week came on Tuesday at Augusta with a price of $13.15. Jonesboro was the only individual market price close to the low, reporting $13.19 on the same day. The price margin premium on cash market old crop beans over new crop booking prices expanded to 41 cents, a 13 cent increase in the interval from the previous weekly closing prices.