The Arkansas 2012 cash soybean market started the past week with a 15 cent over-the-weekend gain to open with at a Monday statewide average of $14.70. The market gained strength throughout the remainder of the week before taking a Friday nosedive to a Friday closing average of $14.85, a 30 cent improvement from the previous Friday closing mark (Figure 1). Helena and Old Town/Elaine shared the highest individual market price of the week with $15.41 on Thursday. Daily individual low for the week was $14.27 at Jonesboro on Monday with Des Arc at $14.29. Individual quotes on the last trading day generally were all at mid-$14.00 level or above with four above $15.00. Price ranged from the low of $14.45 at Jonesboro to a high of $15.22 at Old Town/Elaine. The quotes left the closing day price spread unchanged at 77 cents.
Quotes on the 2012 crop for January 2013 delivery strengthened 15 cents over the weekend to an opening statewide average of $14.84 on the past Monday. The market moved higher through Thursday before losing 19 cents on Friday to a closing statewide average of $15.01, the first close above $15.00 since November 2 (Figure 2). High individual daily market quote for the week was $15.41 on Thursday at both Old Town/Elaine and Helena. The lowest individual daily average was $14.54 at Augusta on Monday. The last day of trading quotes ranged from a $14.67 low at Augusta to a high of $15.23 at Helena with Old Town/Elaine at $15.22. Five of the nine reporting markets closed the week above $15.00. These quotes left the statewide closing day price range at 56 cents, a 4 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.)