A 15 cent decline over the weekend led the old crop soybean market to an opening statewide average of $14.96 on Monday and set a pattern for the first half of the week. Price fell to a $14.65 average on Wednesday, but then regained much of the weekly loss, closing on Friday at $14.95, a 16 cent drop from the previous Friday mark (Figure 1). Twelve of the fourteen regular markets continue to submit old crop price quotes each day with only Helena and Old Town/Elaine absent. High individual market daily quote was $15.19 on Monday at Little Rock. Low quote of the period was $14.42 at Augusta on Wednesday. Closing quotes on Friday across all reporting markets ranged from a $14.71 low at Augusta to a high of $15.18 at Little Rock. These end-of-week quotes placed the market price range at 47 cents, a widening of 4 cents from the previous week.
The 2014 New Crop Soybean Booking price fell 15 cents over the weekend to a Monday statewide average of $12.24. Price slipped further lower on Tuesday before turning around to post steady, daily gains each remaining day of the week and reach its peak on Friday (Figure 2). Price averaged $12.40 statewide on Friday, a 1 cent improvement over the Thursday closing average of the prior, shortened trading week. High individual market quote of the week was $12.51 at Helena on Friday with West Memphis, Pendleton, and Old Town/Elaine all at $12.50. The low individual market quote for the week was at Augusta with $11.88 on Tuesday. All fourteen regular markets continued to provide quotes during the past week. The end-of-week price spread extended from the high of $12.51 at Helena to a low of $12.12 at Augusta. These quotes put the market spread at 39 cents, a 2 cent widening compared to the previous week price range.
(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.)