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Arkansas soybean market reports for Dec. 8-12, 2014
Author: Bob Stark, Agricultural Economist

The 2014 crop AR cash soybean market began the past week of trading with an 8 cent weekend gain to open on Monday with a statewide average of $10.54. Price added 6 more cents on Tuesday before encountering a Wednesday correction that ate away all of the weekend and early week gains. Price climbed higher over the remaining two days of trading and closed on Friday at $10.57, an 11 cent gain from the prior week closing mark (Figure 1). Interestingly, the previous week of trading had lost exactly 11 cents overall from its pre-Thanksgiving closing price. High individual daily market quote of the past week was $10.99 at West Memphis on Tuesday. Low daily quote for the week occurred on Wednesday as Wynne fell to $10.17. All individual reporting markets posted daily individual averages above $10.00 and below $11.00 each day this week. The Friday closing prices ranged from a low of $10.32 at Wynne to a high of $10.89 at West Memphis. These end-of-week quotes left the market price range at 57 cents, an 8 cent contraction from the previous week ending range.

Fig. 1.  AR 2014 Crop Soybean Cash Market Prices (Dec. 8-12, 2014)

Fig. 1. AR 2014 Crop Soybean Cash Market Prices (Dec. 8-12, 2014)

The 2015 soybean crop market traded in a much narrower range than the 2014 crop cash market this past week. Price rose 2 cents over the weekend to a Monday statewide average of an even $10.00. A small gain on Tuesday was fully offset by a Wednesday loss before the market put together consecutive gains on Thursday and Friday to end the week higher overall. The Friday closing average was $10.05, a 7 cent improvement from the previous end of week quote. High individual market quote for the week was $10.20 reported at Old Town/Elaine on both Tuesday and Friday. Osceola and West Memphis also closed the week at $10.20. The low for this week was $9.75 at both Augusta and Des Arc on Wednesday. Thirteen markets continue to provide new crop quotes. End-of-the-week quotes saw market prices ranging from a low of $9.85 at Des Arc to the high of $10.20 at Old Town/Elaine, Osceola, and West Memphis. These quotes represented a range of 35 cents, a widening of 5 cents from the previous week closing quotes.

Fig. 2.  AR 2015 New Crop Soybean Market Prices (Dec. 8-12, 2014)

Fig. 2. AR 2015 New Crop Soybean Market Prices (Dec. 8-12, 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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