The Arkansas 2012 cash soybean market gained 45 cents over the weekend before settling down to a fairly stable price range through the past week (Figure 1). The statewide market average on Monday was $14.46. Price bounced around within a 23 cent range during the week before posting a $14.54 closing average to end the week. The closing average price represented an overall gain of 53 cents from the prior Friday closing average and 8 cents over Monday. Highest individual daily market price for the week was $15.07 at Old Town/Elaine on Wednesday with West Memphis $15.04. Old Town/Elaine was quoted at exactly $15.00 on Thursday and these three days were the only individual market quotes at or above $15.00. The low individual daily price was $14.01 on Monday at Jonesboro. Five of the fourteen state markets stopped providing quotes on Tuesday. Individual market quotes on the last trading day ranged from the low of $14.22 at Jonesboro to a high of $14.99 at Old Town/Elaine. The closing day price spread spanned a 77 cent range, down 16 cents from the prior week closing range.
The second full week of 2013 New Crop Booking Price quotes saw the market open with a $12.69 per bushel statewide average, up 21 cents from the prior Friday closing mark. The New Crop price had just a slight upward trend through the week and ended the week at $12.78, a 30 cent improvement from the prior Friday close and 9 cents over the Monday statewide average (Figure 2). High individual daily market average for the week was $13.07 at West Memphis on Wednesday. Lowest individual daily quote was $12.43 reported by both Jonesboro and Wynne on Tuesday. All fourteen state markets continued to provide New Crop Booking quotes. The last day of trading quotes ranged from the $12.52 low at Jonesboro and Wynne to the high of $13.02 at West Memphis, Helena, and Old Town/Elaine. These quotes put the statewide closing day price range at 50 cents, 5 cents wider than the previous end-of-week range.
(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.)