A 40 cent weekend gain took the Arkansas 2012 cash soybean market to a Monday opening average of $14.81, but the week was downhill after that before stabilizing on Friday (Figure 1). Market price bottomed out on Thursday at $14.27 before coming back 7 cents on Friday to close at $14.34, a 7 cent loss from the previous Friday closing price. The prices for the past week broke a string of three straight weeks of gains on old crop beans. Highest individual daily market price for the past week was $15.13 at Old Town/Elaine on Tuesday, one of three daily quotes in the week that topped $15.00. Low individual daily price of the week was $13.75 on Thursday at Jonesboro with Des Arc at $13.77. Individual market quotes on the last trading day found eleven of the fourteen markets above the $14.00 level. Prices ranged from a low of $13.90 at Jonesboro to $14.82 at West Memphis. The closing day price spread expanded greatly to 92 cents, a 25 cent enlargement from the previous week gap.
The New Crop Soybean Market had a less volatile week than old crop beans, trading within a 25 cent range, and ended the week 11 cents higher than the previous weekly closing average. Trading began with a Monday daily average of $12.26, 19 cents above the previous Friday closing average. Losses through Thursday dropped the statewide average to $12.01 before a rally on Friday to end the week with a $12.18 average, 11 cents over the previous Friday closing average. High individual daily market average for the week was $12.48 at Helena on Monday. The low market of the week was again reported from Jonesboro at $11.74 on Thursday. The last day of trading quotes across state markets found three of the fourteen markets under the $12.00 level. Ending prices for the week ranged from an $11.91 low at Jonesboro to a high of $12.40 at Helena. These quotes left the statewide closing day price range at 49 cents, unchanged 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.)