The past week of trading for the 2014 crop AR cash soybean market began with an 8 cent weekend decline that placed the Monday statewide average at $10.39. After trading was suspended on Tuesday for the Veterans Day holiday, Wednesday and Thursday took the market price to a high of $10.66. A major correction on Friday erased all of the gains in the week and dropped market price to a $10.34 average, an overall loss of 13 cents from the previous Friday closing mark (Figure 1). High individual daily market quote for the week was $10.96 at West Memphis on Thursday. Old Town/Elaine followed closely at $10.94. The low for the week occurred on Friday with $10.08 reported at Wynne. The Friday closing price ranged from the low of $10.08 at Wynne to a high of $10.63 at Old Town/Elaine. These end-of-week quotes put the market price range at 55 cents, a 2 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.)