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02
Nov
2012
Soybean cash market and forward booking prices in Arkansas for Oct. 29 – Nov. 2, 2012
Author: Bob Stark, Agricultural Economist

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.

AR 2012 Crop Soybean Cash Market Prices (Oct. 29-Nov. 2, 2012)

Fig. 1

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.

AR 2012 Crop Soybean Booking Prices - Jan. 2013 Delivery (Oct. 29-Nov. 2, 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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