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20
Jun
2011
Soybean Cash Market & Forward Booking Prices in Arkansas – June 13-17, 2011
Author: Bob Stark, Agricultural Economist

The past week of trading found the 2010 crop Arkansas cash market price losing 4 cents over the weekend from its previous Friday close to open at $13.77 on Monday (Figure 1, below).  The statewide average price did not see a single day of gain for the entire week and eventually fell to a Friday closing mark of $13.29, a loss of 52 cents from the previous week close.  Highest reported individual market daily average for the current week was an even $14.00 on Monday at both Osceola and Blytheville.  West Memphis was the next highest on that day at $13.97.  Lowest individual market daily average was on Friday with both Jonesboro and Wheatley at $13.09.  The last trading day found all Arkansas reporting markets between $13.09 and $13.50 to close the week, the same 41 cent range as the prior two weeks.

AR 2010 Crop Soybean Cash Market Prices - June 13-17, 2011

Forward booking prices for 2011 crop beans lost 5 cents over the weekend, opening on Monday at $13.47 (Figure 2, below).  Forward booking price was generally lower throughout the week with only a slight Wednesday recovery.  Overall, the market fell 50 cents from the previous Friday close, ending the week at $13.02.  The closing Friday mark was the lowest daily market average reported since May 17.  West Memphis topped the individual market quotes at $13.62 on Monday with all other markets at least 5 cents behind.  Lowest daily price quote of the week came on Friday at Augusta with a price of $12.84.  Jonesboro had the next lowest individual market price at $12.88 on that same day.  The price margin premium on cash market old crop beans over new crop booking prices narrowed slightly to 27 cents, a 2 cent decrease in the interval from the previous weekly closing prices.

AR 2011 New Crop Soybean Booking Prices - June 13-17, 2011

(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.)


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