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24
Apr
2012
Soybean Cash Market and Forward Booking Prices in Arkansas for April 16-20, 2012
Author: Bob Stark, Agricultural Economist

The Arkansas 2011 soybean crop market declined over the second straight weekend, this time by 17 cents, to open with a $14.23 statewide average on Monday (Figure 1).  Market price lost early week momentum and declined to a $14.11 daily average on Wednesday before finishing strongly to a new seasonal high average of $14.50 on Friday.  The Friday statewide average closing price was a 10 cent improvement over the prior week closing average.  Highest individual daily market average for the week was $14.72 at Old Town/Elaine on Friday.  Daily individual market low for the week was $13.87 at Jonesboro on Wednesday.  Last day individual quotes across all state markets ranged from $14.26 at Jonesboro to $14.72 at Old Town/Elaine.  The closing price spread remained at 46 cents, unchanged from the previous two weeks.

AR 2011 Crop Soybean Cash Market Prices (April 16-20,2012)

Fig. 1

New Crop Booking Prices on the 2012 soybean crop lost 11 cents over the weekend to open at $13.43 (Figure 2).  The market was uneven early and fell to a low of $13.31 on Wednesday before recovering strongly to a $13.49 daily average on Friday.  The closing average represented a 5 cent overall decline from the previous week closing price.  High individual daily market quotes for the week were led by Old Town/Elaine at $13.66 on Friday.  West Memphis and Helena were the only other markets exceeding $13.60.  The lowest individual daily average during the week was $13.08 submitted on Wednesday at Jonesboro.  The fourteen reporting markets ended the week with a range of 43 cents from a low of $13.23 at Wheatley to the $13.66 at Old Town/Elaine.  The closing price range was 8 cents wider than the previous week span.

AR 2012 New Crop Soybean Booking Prices (April 16-20, 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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