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22
Dec
2014
Arkansas soybean market reports for Dec. 15-19, 2014
Author: Bob Stark, Agricultural Economist

The 2014 crop AR cash soybean market began the past week of trading with an 8 cent weekend loss to open on Monday with a statewide average of $10.49. Price then moved narrowly lower throughout the week to a Friday closing level of $10.39, an 18 cent fall from the prior week closing mark (Figure 1). High individual daily market quote of the past week was $10.82 at West Memphis on Monday. Low daily quote for the week occurred on Tuesday as Wynne fell to $10.08. All individual reporting markets again posted daily individual averages above $10.00 and below $11.00 each day this week. The Friday closing prices ranged from a low of $10.16 at Wynne to a high of $10.71 at Old Town/Elaine. These end-of-week quotes left the market price range at 55 cents, a 2 cent contraction from the previous week ending range.

Fig. 1.  AR 2014 Crop Soybean Cash Market Prices (Dec. 15-19, 2014)

Fig. 1. AR 2014 Crop Soybean Cash Market Prices (Dec. 15-19, 2014)

The 2015 soybean crop market moved quite differently from the 2014 crop cash market this past week. Price followed the old crop market lower over the weekend with a 9 cent loss. The Monday statewide average was $9.96. Price fell another 9 cents on Tuesday before turning around with solid Wednesday and Thursday gains before leveling off on Friday, ending the week at $10.03, only a 2 cent decline from the previous end of week quote. High individual market quote for the week was $10.20 reported at Old Town/Elaine, West Memphis, and Osceola on Thursday. The low for this week was $9.67 at 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 $9.83 at Des Arc to a high of $10.18 at Old Town/Elaine, Osceola, Pine Bluff, and West Memphis. These quotes represented a range of 35 cents, unchanged from the range of the previous week closing quotes.

Fig. 2.  AR 2015 New Crop Soybean Market Prices (Dec. 15-19, 2014)

Fig. 2. AR 2015 New Crop Soybean Market Prices (Dec. 15-19, 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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