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26
Jan
2015
Arkansas soybean market reports for January 19-23, 2015
Author: Bob Stark, Agricultural Economist

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.

Fig. 1.  AR 2014 Crop Soybean Cash Market Prices (January 19-23, 2015)

Fig. 1. AR 2014 Crop Soybean Cash Market Prices (January 19-23, 2015)

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.

Fig. 2.  AR 2015 New Crop Soybean Market Prices (January 19-23, 2015)

Fig. 2. AR 2015 New Crop Soybean Market Prices (January 19-23, 2015)

(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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