The Arkansas 2012 cash soybean market lost 20 cents over the weekend break and opened on Monday of this week with a statewide average of exactly $14.95. A small gain on Tuesday was quickly lost as the market moved steadily lower each of the remaining trading days in the week. The market closed on Friday with a statewide average of $14.51, a loss of 64 cents from the previous Friday closing average (Figure 1). West Memphis posted the highest individual market price of the week with $15.40 on Tuesday. Daily individual low for the week was $14.14 at Jonesboro on Friday. No market finished the week above $15.00 with last day individual quotes ranging from the low of $14.14 at Jonesboro to a high of $14.86 at West Memphis. The quotes left the closing day price spread at 72 cents, identical to the range recorded on the previous Friday.
Quotes on the 2012 crop for January 2013 delivery suffered losses over the weekend similar to the cash market, losing 21 cents from the previous Friday close. The Monday statewide average was $15.11 (Figure 2). Market price rose slightly on Tuesday before moving steadily downward for the remainder of the trading week. The Friday closing statewide average of $14.60 was a 72 cent loss from the previous Friday closing mark. High individual daily market quote for the week was $15.56 on Tuesday at Old Town/Elaine with Helena at $15.52 and West Memphis at $15.51. The lowest individual daily average was $14.19 at Jonesboro on Friday with Des Arc at $14.21. The last day of trading quotes ranged from the $14.19 low at Jonesboro to a high of $14.87 at Helena. West Memphis was one cent lower at $14.86. These quotes left the statewide closing day price range at 68 cents, a 19 cent narrowing 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.)