The Arkansas 2012 cash soybean market lost 10 cents over the weekend and posted a statewide average of $14.65 on Monday. The market had further weakness through Tuesday before gaining midweek steam and moving to a Thursday high of $14.84. Most of the week’s gains and losses were offset on Friday as the market fell to a closing statewide average of $14.68, a 7 cent decline from the previous Friday closing average (Figure 1). Highest individual daily market price for the week was $15.04 at West Memphis, Little Rock, and Old Town/Elaine on Thursday with Blytheville and Osceola trailing closely at $15.03. These five markets on Thursday were the only quotes over $15.00 for the entire week. The low individual daily price was $14.19 on Tuesday at Augusta. All markets ended the week under the $15.00 level. Individual market quotes on the last trading day ranged from a low of $14.27 at Jonesboro to a high of $14.95 at West Memphis, Little Rock, and Old Town/Elaine. The closing day price spread of 68 cents represented a widening of 5 cents from the previous Friday interval.
The 2013 New Crop Booking Price market had less volatility than the old crop market. After opening on Monday at a $12.64 statewide average, 1 cent over the previous Friday close, the market lost 8 cents on Tuesday and then traded in a 3 cent interval for the remainder of the week (Figure 2). The Friday closing statewide average was $12.59, a 4 cent decline from the previous Friday closing mark. High individual daily market average for the week was $12.91 at Old Town/Elaine on Monday. The past week was the first since January 11 where no individual market exceeded $13.00. The low market of the week was again reported from Jonesboro with a price of $12.27 on Wednesday. The last day of trading quotes found all fourteen state markets below the $12.90 level. Reported market prices ranged from a $12.31 low at Jonesboro to a high of $12.86 at Old Town/Elaine. These quotes moved the statewide closing day price range to 57 cents, 2 cents wider than the previous end-of-week gap.