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Soybean cash market and forward booking prices in Arkansas for June 24-28, 2013
Author: Bob Stark, Agricultural Economist

The weakness and decline of the previous three weeks was quickly forgotten as the Arkansas 2012 cash soybean market posted a strong weekend gain and rose every day through the entire week (Figure 1).  Market price gained 14 cents over the weekend to a Monday opening statewide average of $15.33.  Double digit gains were reported for all but one trading day and the market finished with a $15.85 Friday closing statewide average, 71 cents above the previous Friday closing mark.  Highest individual daily market price reported over the past week was $16.01 at Blytheville, Helena, and Osceola on Friday.  Low individual daily price of the period was $15.06 on Monday at Augusta.  Only eight of the fourteen state markets are continuing to provide old crop quotes.  Individual market quotes on the last trading day found reporting markets ranging from a low of $15.59 at Augusta to the high of $16.01 at Blytheville, Helena, and Osceola.  The closing day price spread was 42 cents, 4 cents narrower than the previous Friday margin.

Fig. 1 - AR 2012 Crop Soybean Cash Market Prices (June 24-28, 2013)

Fig. 1 – AR 2012 Crop Soybean Cash Market Prices (June 24-28, 2013)


The New Crop Booking Market took a different path from the old crop trading.  Market price was unchanged over the weekend, opening at $12.75.  Price hovered between that average and $12.80 through much of the week before declining sharply in Friday trade (Figure 2).  The market closed the week with a statewide average of $12.53, a loss of 22 cents from the previous Friday close.  High individual daily market average for the week was $12.99 at West Memphis on Tuesday with Helena at $12.98.  The low daily market price of the period was reported on Friday with $12.25 at Augusta.  Des Arc finished the week at $12.27.  The last day of trading quotes across state markets found all of the fourteen markets below $13.00 and above $12.00.  Ending prices for the week ranged from the $12.25 low at Augusta to a $12.72 high at West Memphis.  These quotes left the statewide closing day price range at 47 cents, one cent wider than the previous week.

Fig. 2 - AR 2013 New Crop Soybean Booking Prices (June 24-28, 2013)

Fig. 2 – AR 2013 New Crop Soybean Booking Prices (June 24-28, 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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