The 2014 crop AR cash soybeans market had another short trading week due to the Martin Luther King holiday on Monday. Trading began on Tuesday with a statewide average of $9.92 after having lost 11 cents over the extended weekend. Price held mostly steady through midweek before going into a decline to a Friday closing level of $9.83, an overall 20 cent fall from the prior week closing mark (Figure 1). High individual daily market quote of the past week was $10.19 at Old Town/Elaine on Wednesday. West Memphis at $10.18 and Osceola at $10.17 followed closely. Low daily quote for the week occurred on Friday with Wynne reporting $9.58. Thirteen markets provided price quotes each day of the week. The Friday closing prices ranged from the $9.58 low at Wynne to a high of $10.10 at West Memphis. Only three other markets finished the week above $10.00. These end-of-week quotes left the market price range at 52 cents, a 3 cent narrowing from the previous week ending range.
The 2015 soybean crop market traded similar to the 2014 crop. The extended holiday weekend saw the market lose 9 cents and open on Tuesday with a statewide average of $9.56. The market then remained steady through the midweek before sinking lower to a Friday average of $9.48. The closing mark left the market with a loss of 17 cents from the previous end of week quote. High individual market quote for the past week was $9.75 reported at Pine Bluff on Tuesday. Low market quote for the week again occurred on Friday with $9.30 at Wynne, Des Arc, and Augusta. Thirteen markets continue to provide new crop quotes. End-of-the-week quotes saw market prices ranging from the low of $9.30 at Wynne, Des Arc, and Augusta to a high of $9.65 at both Osceola and Old Town/Elaine. These quotes represented a range of 35 cents, 3 cents narrower 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.)