The first full trading week in the new year of 2014 crop AR cash soybeans began with a 40 cent weekend gain and opened on Monday with a statewide average of $10.51. Price then traded within a narrow, 12 cent price range throughout the week to a Friday closing level of $10.59, a 48 cent rise from the prior week closing mark (Figure 1). High individual daily market quote of the past week was $10.86 at Old Town/Elaine on both Tuesday and Wednesday. Low daily quote for the week occurred on Monday as Wynne reported $10.30. The trading week began with nine markets providing price quotes and closed with thirteen submitting daily reports. The Friday closing prices ranged from a low of $10.37 at both Wynne and Augusta to a high of $10.84 at West Memphis. Old Town/Elaine followed close to the top at $10.82. These end-of-week quotes left the market price range at 47 cents, a 3 cent contraction from the previous week ending range.
The 2015 soybean crop market showed more weakness than the 2014 crop cash market as it moved slightly lower within the past week. Price initially rose 33 cents over the weekend to a Monday opening statewide average of $10.12. But price traded within an 11 cent range all week before sagging to a Friday ending of $10.08. The closing mark left the market with a net gain of 29 cents above the previous end of week quote. High individual market quote for the week was $10.36 reported at Pine Bluff on Tuesday. Old Town/Elaine was at $10.34 on the same day. The low for this week was $9.85 at Augusta on Friday. Thirteen markets continue to provide new crop quotes. End-of-the-week quotes saw market prices ranging from the low of $9.85 at Augusta to a high of $10.27 at Pine Bluff. These quotes represented a range of 42 cents, 5 cents wider than the range of the previous week closing quotes.
(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.)