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Soybean cash market prices for Nov. 25-29, 2013

The 2012 Arkansas cash soybean market gained 10 cents over the weekend to open the shortened holiday trading week at a statewide average of $13.42 (Figure 1).  The market was initially steady before weakening on Wednesday, the last trading day.  Statewide average price fell to $13.34 on Wednesday but still represented a 2 cent increase from the previous Friday closing price.  All fourteen major soybean markets submitted price quotes through the entire week.  High individual market daily quote was $13.69 at both Blytheville and Osceola on Monday and Tuesday.  Low quote of the week was $12.97 at Jonesboro on Wednesday, the only sub-$13.00 individual average at any market during the shortened week.  Wednesday closing quotes across all reporting markets ranged from the $12.97 low at Jonesboro to a high of $13.60 at both Blytheville and Osceola.  These end-of-week quotes left the market price range at 63 cents for the second consecutive week.

No New Crop Soybean Market trading quotes continue to be reported this week.  A clear directive has not been announced as to whether the New Crop quotes will begin or some other market quote will replace them.

Fig. 1 - AR 2012 Crop Soybean Cash Market Prices (Nov. 25-29, 2013)

Fig. 1 – AR 2012 Crop Soybean Cash Market Prices (Nov. 25-29, 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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