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Soybean Cash Market & Forward Booking Prices in Arkansas – August 26, 2011
Author: Mary Hightower, University of Arkansas Division of Agriculture


Arkansas 2010 crop soybeans began their second consecutive week with a double-digit weekend gain.  Market price rose 16 cents over the weekend to open Monday at $13.72.  Price basically stayed steady through the entire week until seeing a huge Friday gain.

The market closed at $14.08, its best daily closing price since June 3 and a 52-cent gain from the previous Friday closing price (Figure 1).  Highest reported individual market daily average for the past week was $14.24 at Old Town/Elaine on Friday with no other market above $14.18.  Lowest individual market daily average was $13.56 reported on Monday at Augusta.  Last trading day quotes for the six Arkansas markets still providing old crop quotes were in the $13.91 to $14.24 range, four cents wider than the previous week gap.

Figure 1

Figure 1

Forward booking prices for 2011 crop beans matched the 16 cent weekend gain in the old crop market and opened on Monday at $13.62 (Figure 2). The new crop market stayed mainly flat until Friday when a sharp 31 cent gain took market price to a final closing day average of $13.95. Old Town/Elaine and Helena each topped all individual market quotes for the week, reaching $14.09 on Friday. Nine of the fourteen reporting markets closed the week at or above the $14.00 mark. Jonesboro had the lowest daily average of the week with $13.44 on Monday with Wynne at $13.45, Augusta at $13.47, and Des Arc at $13.48 on the same trading day. The price margin premium on cash market old crop beans over new crop booking prices widened 3 cents during the week to 13 cents with old crop at $14.08 and new crop at $13.95.

Soybean 2

Figure 2


(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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