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Soybean Cash Market and Forward Booking Prices in Arkansas for March 26 – 30, 2012
Author: Bob Stark, Agricultural Economist

What a difference a day makes!  The Arkansas 2011 soybean crop market got a 14 cent upswing over the weekend from its prior Friday close to open on Monday at $13.83.  Joy was short lived as prices immediately went into a weeklong swoon to a Thursday low of $13.59.  But the losses were all wiped off the board on Friday as a 47 cent gain took the old crop trade above $14.00 for the first time since Labor Day weekend (Figure 1).  The statewide average closed on Friday at $14.06.  The price represented an overall gain of 37 cents from the previous Friday close.  Highest individual daily market average during the week was $14.28 at Old Town/Elaine on Friday with $14.23 at West Memphis.  Daily individual market low for the week was $13.35 at Jonesboro on Thursday.  Last day individual quotes across all markets ranged from $13.82 at Jonesboro to $14.23 at Old Town/Elaine.  The closing price spread fell to 41 cents with nine markets above $14.00.

AR 2011 Crop Soybean Cash Market Prices (March 26-30, 2012)


The New Crop Booking Prices on the 2012 soybean crop only gained 7 cents over the weekend break and opened at $13.26 on Monday.  New crop quotes fell more slowly than old crop trading prices, but also had a huge recovery on Friday to a closing mark of $13.52 on Friday (Figure 2).  The closing statewide average represented a 33 cent overall gain from the previous Friday closing price.  Individual daily market quotes were led by Old Town/Elaine at $13.68 on Friday with West Memphis and Helena following at $13.63.  Lowest individual daily average during the week was $12.75 on Thursday at Wynne.  All fourteen reporting markets ended the week above $13.28 with a price range from $13.28 at Wynne to the $13.68 at Old Town/Elaine.  The 40 cent closing price range remained unchanged for the second straight week.

AR 2012 New Crop Soybean Booking Prices (March 26-30, 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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