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08
Dec
2014
Arkansas soybean market reports for Dec. 1-5, 2014
Author: Bob Stark, Agricultural Economist

The 2014 crop AR cash soybean market began its first full week of post-Thanksgiving trading with a 25 cent weekend loss, opening on Monday with a statewide average of $10.32.  Price fell further on Tuesday before stabilizing on Wednesday into a full recovery that eventually regained all of the midweek losses and part of the weekend tumble.  The market closed on Friday at $10.46, an 11 cent decline from the prior week closing mark (Figure 1).  High individual daily market quote of the week was $10.86 at West Memphis on Friday with Old Town/Elaine at $10.81.  All other reporting markets finished the week at or below $10.46.  Low daily quote for the week occurred on Tuesday with $9.81 at Wynne.  All individual reporting markets finished the week above $10.00 and below $11.00.  Two markets, Blytheville and Osceola, failed to provide daily quotes after Monday of the past week.  The Friday closing prices ranged from a low of $10.21 at Wynne to the high of $10.86 at West Memphis.  These end-of-week quotes left the market price range at 65 cents, the second straight week with a 5 cent expansion from the previous week ending range.

Fig. 1.  AR 2014 Crop Soybean Cash Market Prices (Dec. 1-5, 2014)

Fig. 1. AR 2014 Crop Soybean Cash Market Prices (Dec. 1-5, 2014)

The 2015 soybean crop market closely tracked the 2014 crop cash movement.  Price fell 24 cents over the weekend to a Monday statewide average of $9.81.  Additional losses occurred on Tuesday before the market stabilized and began to post daily gains.  The Friday closing average was $9.98, only a 7 cent decline from the previous end of week quote.  High individual market quote for the week was $10.14 reported at Old Town/Elaine on Friday.  The low for this week was $9.46 at both Augusta and Des Arc on Tuesday.  Thirteen markets continue to provide new crop quotes.  End-of-the-week quotes saw market prices ranging from a low of $9.84 at Augusta to the high of $10.14 at Old Town/Elaine.  These quotes represented a range of 30 cents, a second week of 5 cent narrowing from the previous week closing quotes.

Fig. 2.  AR 2015 New Crop Soybean Market Prices (Dec. 1-5, 2014)

Fig. 2. AR 2015 New Crop Soybean Market Prices (Dec. 1-5, 2014)

(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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