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Soybean Cash Market and Forward Booking Prices in Arkansas for Nov. 28 – Dec. 2, 2011
Author: Bob Stark, Agricultural Economist

The first full week of trading following the Thanksgiving holiday opened steady with a Monday average of $11.18 and proceeded to post gains on three of the remaining four trading days in the week (Figure 1).  The market peaked on Friday with a closing statewide average of $11.38, an improvement of 20 cents over the previous week closing average.  Highest reported individual market daily average for the week was $11.61 at Old Town/Elaine on Friday with West Memphis just one cent lower.  Thirteen of the fourteen reporting markets ended the week with Friday averages above the $11.00 level.  The exception was the Wynne market at $10.91.  Wynne also had the lowest individual daily market price for the week, $10.76 on Monday.  Last weekly trading day quotes for the fourteen Arkansas markets ranged from $10.91 to $11.61 per bushel as the gap widened 10 cents from the previous week.

AR 2011 Crop Soybean Cash Market Prices (Nov. 28-Dec. 2, 2011)

Fig. 1

Price movements on the 2011 crop for January delivery moved similar to the cash market during the past week with a Monday statewide average of $11.29, steady from the prior Friday closing mark.  The January market posted gains on three of the four remaining days in the week, ending on Friday with a statewide average price of $11.47, an 18 cent rise from the prior Friday mark (Figure 2).  Individual daily market quotes were topped by West Memphis, Helena, and Old Town/Elaine with all three reaching $11.61 on Friday.  The lowest individual daily average during the week was $10.82 at Wynne on Monday.  The Wynne market was the only individual market with a daily quote under $11.00 across the state and also the only market that did not finish the week above $11.00.  The price margin for the January 2012 delivery market over the 2011 crop cash market fell to 9 cents, $11.38 to 11.47, as the cash market gained 2 cents more during the week than the January delivery market.

AR 2011 Crop Soybean Booking Prices - Jan. 2012 Delivery (Nov. 28-Dec. 2, 2011)

Fig. 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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