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13
Oct
2012
Soybean cash market and forward booking prices in Arkansas for Oct. 8-12, 2012
Author: Bob Stark, Agricultural Economist

The extended weekend for Monday’s Columbus Day holiday had no effect on the 2012 market price as the Tuesday statewide average remained unchanged from the previous Friday level at $15.40.  Market price was up-and-down with 26 cent daily shifts for the remainder of the week and ultimately closed at $15.14 on Monday, a 26 cent decline from the previous Friday closing average (Figure 1).  West Memphis had the highest individual market price of the week at $15.64 on Thursday.  Helena reached $15.62 on Tuesday.  Daily individual market low for the week was $14.83 at Wynne on both Wednesday and Friday.  Jonesboro was at $14.84 on both days.  Last day individual quotes were obtained from all fourteen state markets and ranged from $14.83 at Wynne to $15.38 at West Memphis.  Those quotes put the closing day price spread for the state at 55 cents, a 5 cent widening from the previous Friday range.

Figure 1

The second week of quotes on the 2012 crop for January 2013 delivery saw a 1 cent decline over the extended weekend to $15.54 with all fourteen markets submitting price quotes (Figure 2). This market also experienced the up-and-down daily average movements seen in the 2012 cash market. The Friday closing average of $15.29 represented a 26 cent loss from the previous Friday closing mark. High individual daily market quote for the week was $15.85 at Helena on both Tuesday and Thursday. Old Town/Elaine was one cent behind at $15.84. The lowest individual daily average was $14.88 at Jonesboro on Friday with Wynne at $14.89. Last day individual market quotes ranged from the low at Jonesboro of $14.88 to a high of $15.58 at Helena. Old Town/Elaine followed closely at $15.57. The closing quotes represented a 70 cent range of prices across the state, a narrowing of 8 cents from the previous Friday spread.

Figure 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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