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14
May
2012
Soybean cash market and forward booking prices in Arkansas for May 7-11, 2012
Author: Bob Stark, Agricultural Economist

The Arkansas 2011 soybean crop market lost 12 cents over the weekend break and posted a $14.69 statewide average to open trading on Monday (Figure 1).  A trend was set for the week with three of the remaining four trading days posting losses.  The 25 cent upturn on Thursday was completely lost the following day as the market closed with a $14.09 statewide average on Friday.  The statewide market average to end the week represented a 72 cent decline from the prior week closing average.  Three markets fell under $14.00 to end the week.  Old Town/Elaine had the highest individual market price of the week at $14.91 on Monday.  The daily individual market low for the week was $13.85 at Jonesboro on Friday.  Last day individual quotes across all state markets ranged from that $13.85 at Jonesboro to $14.31 reported at Old Town/Elaine.  The closing price spread for the state remained unchanged at 46 cents for the fifth consecutive week.

AR 2011 Crop Soybean Cash Market Prices (May 7-11, 2012)

Fig. 1

New Crop Booking Prices on the 2012 soybean crop closely followed the old crop market with an 11 cent weekend loss to a Monday opening average of $13.56 (Figure 2).  The new crop market posted a 25 cent gain on Thursday with all other trading days reporting price declines.  The market finished the week on Friday at $13.23, an overall 44 cent decline from the previous week closing price.  High individual daily market quote for the week was at Helena with $13.75 on Thursday.  The lowest individual daily average during the week was $13.00 submitted on Friday at Jonesboro.  The fourteen reporting markets ended the week with a range of 37 cents from the $13.00 low at Jonesboro to a high of $13.37 at Helena.  West Memphis and Old Town/Elaine closed the week at $13.36.  The closing price range was 5 cents narrower than the previous week span.

AR 2012 New Crop Soybean Booking Prices (May 7-11, 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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