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07
Jan
2013
2012 summary of soybean cash market and forward booking prices in Arkansas
Author: Bob Stark, Agricultural Economist

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.

AR new crop soybean/booking prices for Jan. 3-Dec. 31, 2012

Fig. 1

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.

AR 2012 crop soybean booking prices-Jan. 2013 delivery for Oct. 1-Dec. 31, 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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