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11
Dec
2012
Soybean cash market and forward booking prices in Arkansas for Dec. 3-7, 2012
Author: Bob Stark, Agricultural Economist

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.

AR 2012 Crop Soybean Cash Market Prices (Dec. 3-7, 2012)

Fig. 1

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.

AR 2012 Crop Soybean Prices - Jan. 2013 Delivery (Dec. 3-7, 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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