The 2011 crop trading week started late following Monday’s Columbus Day holiday, but the Tuesday average was $12.03, an 82 cent increase from the prior week closing day price (Figure 1). Market price posted solid gains each day of the week en route to a Friday closing average of $12.48 per bushel, $1.27 over the previous Friday average trading price. Highest reported individual market daily average for the shortened week was $12.68 at Helena on Friday with Old Town/Elaine at $12.65. The Osceola and Blytheville markets both reported $12.60 on Friday. The lowest individual market daily average was $11.81 at Wynne on Tuesday. Jonesboro reported $11.82 and Des Arc $11.86 on that day. Last trading day quotes for the thirteen Arkansas markets providing 2011 crop quotes ranged from $12.25 to $12.68.
The new market price quotations on the 2011 crop for January delivery opened Tuesday with a statewide average of $12.38, a 78 cent improvement from the previous Friday closing mark. January delivery beans gained each day of trading in the week, but did not see a size of price improvement equal to the cash market. The Friday closing average of $12.76 represented a $1.16 improvement for the week (Figure 2). Helena topped the individual daily market quotes with an average price of $12.94 on Friday. Following closely at $12.89 was Old Town/Elaine with Osceola and Blytheville at $12.87 on the same day. The lowest individual daily average during the week was $11.87 on Tuesday at Wynne, the only daily market report of the week under $12.00. These quotes on the 2011 crop for January 2012 delivery will continue to be reported through December 31.
(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.)