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01
Oct
2012
Soybean cash market and forward booking prices in Arkansas for Sept. 24-28, 2012
Author: Bob Stark, Agricultural Economist

The 2011 soybean crop market price fell 10 cents from the previous Friday closing mark and posted a $15.82 statewide average on Monday.  A substantial Tuesday gain was quickly lost through the remaining midweek trading before a strong Friday recovery that drove the final day trading average to $15.93, an overall 1 cent gain from the previous Friday closing average (Figure 1).  Old Town/Elaine had the highest individual market price of the week at $16.12 on Wednesday.  Daily individual market low for the week was $15.29 at Augusta on Thursday.  Last day individual quotes across the eight reporting state markets ranged from $15.64 at Augusta to $16.05 at Helena.  Those quotes put the closing day price spread for the state at 41 cents, a 3 cent widening from the previous Friday range.

AR 2011 Crop Soybean Cash Market Prices (Sept. 24-28, 2012)

Fig. 1

The new crop booking market lost 12 cents over the weekend break and opened past week trading at a $15.82 Monday statewide average, exactly the same as the old crop market.  Tuesday strengthened the price 5 cents before a midweek double-digit fall that reached $15.49 on Wednesday before a strong Friday rally that recovered all of the in-week losses (Figure 2).  The Friday closing average was $15.82, the same level as Monday and a 10 cent decline from the prior Friday closing mark.  High individual daily market quote for the week was $16.12 at Old Town/Elaine on Tuesday.  The lowest individual daily average was $15.16 at Jonesboro on Wednesday.  Last day individual market quotes ranged from a low at Jonesboro of $15.54 to a high of $16.03 at Helena.  Blytheville at $16.02 and Old Town/Elaine at $16.01 followed closely to the high and were the only other markets to end the week at or above $16.00.  The range of last day prices expanded 1 cent to 49 cents, compared to the prior Friday price spread.

AR 2012 New Crop Soybean Booking Prices (Sept. 24-28, 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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