The Arkansas 2012 cash soybean market lost 34 cents over the weekend break and opened on Monday of this week with a statewide average of exactly $15.00. Daily gains were posted throughout the week before a rather sharp downturn on Friday to end the week. The market closed on Friday with a statewide average of $15.15, a loss of 19 cents from the previous Friday closing average (Figure 1). West Memphis regained the highest individual market price of the week with $15.86 on Thursday. Old Town/Elaine was a distant runner-up for the week at $15.75 on that day. Daily individual low for the week was $14.71 at Augusta on Monday. Last day individual quotes obtained from the fourteen state markets ranged from a low of $14.75 at Jonesboro to $15.47 at West Memphis. The quotes drastically expanded the closing day price spread to 72 cents, almost a 50% increase from the 50 cent range on the previous Friday.
Quotes on the 2012 crop for January 2013 delivery suffered major losses over the weekend, losing 35 cents from the previous Friday close to post a Monday statewide average of $15.31 (Figure 2). Market price rose steadily through Thursday before suffering a sharp downturn to Friday closing statewide average of $15.32, a 34 cent loss from the previous Friday closing mark. High individual daily market quote for the week was $16.00 on Thursday at Old Town/Elaine. The lowest individual daily average was $14.80 at Jonesboro on Friday with Des Arc at $14.82. All other last day individual market quotes were above the $15.00 level. The $14.80 Jonesboro price combined with the high of $15.67 at Old Town/Elaine left the statewide closing day price range at 87 cents, a 9 cent expansion from the previous Friday spread.
(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.)