The Arkansas 2012 cash soybean market fell 11 cents over last weekend and opened on Monday at $14.29. Market price trended generally higher each day, throwing off a sharp loss on Wednesday to resume its upward trend to a Friday close of $14.41, one cent above the previous Friday closing price (Figure 1). Market reports from all fourteen regular markets have now strung together three straight weeks of gains on old crop beans. Highest individual daily market price for the past week was $14.71 at Old Town/Elaine on Friday, 12 cents higher than the next best market. Low individual daily price of the week was $13.77 on Wednesday at Jonesboro with Des Arc at $13.79. Individual market quotes on the last trading day found all fourteen markets above the $14.00 level, the second Friday close in a row. Prices ranged from a low of $14.04 at Jonesboro to the $14.71 at Old Town/Elaine. The closing day price spread narrowed by 10 cents from the previous week gap and now stands at 67 cents.
New crop beans continued to trade within a narrow price range, 19 cents in the past week. The 2013 New Crop Booking Price market lost 10 cents over the weekend to open at an even $12.00 and took all week to get back to $12.07 on Friday, a fall of 3 cents from the previous Friday close (Figure 2). High individual daily market average for the week was $12.29 at Helena on Friday. The low market of the week was reported from Jonesboro for the twelfth straight week. The past week low price was $11.64 on Wednesday. The last day of trading quotes across state markets again found four of the fourteen markets under the $12.00 level. Ending prices for the week ranged from an $11.80 low at Jonesboro to the high of $12.29 at Helena. These quotes left the statewide closing day price range at 49 cents, a 1 cent contraction from the previous end-week gap.
(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.)