Cash market trading on the Arkansas 2011 soybean crop peaked just prior to Labor Day and had not fully recovered its harvest period losses as we finished the year with a short three day trading week between Christmas Day and New Year’s Day (Figure 1). The market average closed the year on Friday at a $12.04 statewide average, a 36 cent overall rise from the pre-Christmas weekend closing average. Highest reported individual market daily average during the year was $14.42 at Old Town/Elaine on August 30. The highest statewide daily average was $14.27, also on August 30. Individual market daily low for the year was $10.70 at Wynne on December 14. The statewide daily average low was also on December 14. Statewide weekly markets averaged $12.85 across the whole year with a high of $14.15 on August 29-September 2 and a low of $11.20 on December 12-16. Last individual trading day quotes for all markets ranged from $11.69 at Wynne to $12.23 per bushel at Old Town/Elaine with the statewide average of $12.04.
Price movements on the 2011 crop for January delivery were reported from October 3 through December 30 (Figure 2). The statewide average for the period was $11.85 with a weekly average high of $12.76 on October 14 and a low of $11.12 on December 14. The January market opened trading at $11.77 and ended the year at a quote of $12.09. Individual daily market quotes were led by Helena at $12.94 on Friday, October 14. Lowest individual daily average during the year was $10.70 at Wynne on Wednesday, December 14. All markets ended the year at or above $11.95 except for Wynne at $11.69. The price margin for the January 2012 delivery market over the 2011 crop cash market ended the year at 5 cents, $12.09 to 12.04.
(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.)