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Soybean cash market and forward booking prices in Arkansas for Jan. 28-Feb. 1, 2013
Author: Bob Stark, Agricultural Economist

An 8 cent gain over the weekend followed by two increasingly strong trading days put the Arkansas 2012 cash soybean market over the $15.00 mark on Wednesday before losing steam in the final two days of the week (Figure 1).  The closing Friday average of $14.93 was 24 cents above the prior Friday closing mark.  Highest individual daily market price for the week was $15.41 at Old Town/Elaine on Wednesday.  Thirteen of the fourteen markets submitted individual daily market quotes each day with Blytheville finally resuming its reporting on Friday.  The low individual daily price was $14.34 on Tuesday at Augusta.  Individual market quotes on the last trading day ranged from a low of $14.51 at Augusta to a high of $15.14 at Helena.  Seven of the fourteen markets finished the week above the $15.00 level.  The closing day price spread contracted rather dramatically to 63 cents from the 86 cent range of the previous Friday, a 17 cent narrowing from the prior week range.

Graph of AR 2012 Crop Soybean Cash Prices (Jan. 28-Feb. 1, 2013)

Fig. 1 – AR 2012 Crop Soybean Cash Prices (Jan. 28-Feb. 1, 2013)

The 2013 New Crop Booking Price market opened on Monday with a $13.10 statewide average, 13 cents above the previous Friday closing average (Figure 2).  The statewide average lost 2 cents on the second trading day before surging to the weekly high of $13.32 on Wednesday.  After a 5 cent retreat on Thursday, the market regained all of its losses and closed the week exactly on the $13.32 high, a 35 cent improvement from the prior Friday close.  High individual daily market average for the week was $13.58 at both Helena and Old Town/Elaine on Friday.  Lowest individual daily quote was $12.70 reported at Wynne on Monday.  All fourteen state markets continued to provide New Crop Booking quotes.  The last day of trading quotes found all state markets above the $13.00 level.  Reported market prices ranged from a $13.08 low at both Des Arc and Wynne to the high of $13.58 at both Helena and Old Town/Elaine.  These quotes put the statewide closing day price range at 50 cents, 10 cents narrower than the previous end-of-week range.

Graph of AR 2013 New Crop Soybean Booking Prices (Jan. 28-Feb. 1, 2013)

Fig. 2 – AR 2013 New Crop Soybean Booking Prices (Jan. 28-Feb. 1, 2013)

(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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