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09
Jan
2012
Soybean Cash Market and Forward Booking Prices in Arkansas for January 2-6, 2012
Author: Bob Stark, Agricultural Economist

The new year saw trading on the Arkansas 2011 soybean crop moving lower throughout the four day holiday week (Figure 1).  The market average opened the year on Tuesday at a $12.24 statewide average, a 20 cent overall rise from the last 2011 daily closing average.  Market price fell each day of the short week to a Friday closing statewide average of $11.94.  Highest reported individual market daily average during the week was $12.45 at both Old Town/Elaine and West Memphis on Wednesday.  Individual market daily low for the week was $11.60 at Wynne on Friday.  Last individual trading day quotes for all markets ranged from $11.60 at Wynne to $12.12 per bushel at both Old Town/Elaine and West Memphis.  Only five of the fourteen reporting markets closed the week above the $12.00 level.

AR 2011 Crop Soybean Cash Market Prices - Jan. 2-6, 2012

Fig. 1

The first market quotes on the 2012 soybean crop opened trading at a statewide average of $11.89 on Tuesday, January 3 (Figure 2).  The market was steady to 1 cent higher on Wednesday before following the steadily lower cash market trend to a closing daily statewide average of $11.66 on Friday.  Individual daily market quotes were led by Old Town/Elaine at $12.14 on both Tuesday and Wednesday.  West Memphis was the only other market above $12.00 with quotes of $12.12 on each of those respective days.  Lowest individual daily average during the week was $11.46 at Wynne on Friday with Jonesboro at $11.49.  All other markets ended the week below $11.88.  The price range to end the week for all individual markets reached from $11.46 to $11.87.

AR 2012 New Crop Soybean Booking Prices - Jan. 2-6, 2012

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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