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04
Jan
2012
2011 Summary of Soybean Cash Market and Forward Booking Prices in Arkansas
Author: Bob Stark, Agricultural Economist

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.

AR 2011 Crop Soybean Cash Market Prices - January 3-December 30, 2011

Fig. 1

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.

AR 2011 Crop Soybean Booking Prices - Jan. 2012 Delivery - October 3-December 30, 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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