The Arkansas 2012 cash soybean market ended the year with a $14.36 statewide average on December 31 (Figure 1). The 2012 crop had opened on January 3 with a New Crop booking price of $11.89. Highest daily average price for the year occurred on September 4 at $17.65 per bushel. The low daily average of the year was $11.46 on January 13. Helena posted the highest individual daily market price of the year at $17.82 on September 4. The lowest market price of the year was $11.25 at Wynne on January 13. Individual market quotes on the last trading day had eleven of the fourteen reporting markets at or above $14.00. Price ranged from the low of $13.92 at Jonesboro to a high of $14.74 at both Blytheville and Old Town/Elaine. The closing day price spread spanned an 82 cent range.
The Arkansas soybean market for January 2013 delivery closed out 2012 at $14.52. The forward booking market had opened the year at $15.65 on October 1. A relatively steady market prevailed to November before price deteriorated sharply through the traditional harvest season. A December rally took the market back to the $15.27 level before an end-of-year slump moved it to the closing day price Figure 2). High individual daily market average for the three month period was $15.80 on October 24. Lowest daily average occurred on November 16 when the market fell to $14.11. Highest individual market daily quote for the period was $16.08 on October 24 at Helena. The lowest individual daily quote of $13.72 was reported at Jonesboro on November 15. The last day of trading quotes from the nine reporting markets ranged from a $14.16 low at Augusta to the high of $14.79 at West Memphis. These quotes put the statewide closing day price range at 63 cents to end the year.
(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.)