The outlook appeared troublesome for the 2014 crop AR cash soybean market this past week as a 15 cent weekend decline that placed the Monday statewide average at $10.37 continued through Tuesday trading to a $10.20 average. But the market regained energy each remaining day of the week and regained almost all of the weekend and early week losses (Figure 1). The market closed on Friday at $10.47, an overall 5 cent loss from the previous Friday closing mark. High individual daily market quote for the week was $10.75 at West Memphis on Friday. The low for the week occurred on Tuesday with $9.95 reported at Wynne, the only individual daily market quote under $10.00 during the week. The Friday closing price ranged from a low of $10.22 at Wynne to the high of $10.75 at West Memphis. These end-of-week quotes put the market price range at 53 cents, a 5 cent expansion over the previous end-of-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.)