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02
Feb
2015
Arkansas soybean market report for January 26-30, 2015
Author: Bob Stark, Agricultural Economist

The 2014 crop AR cash soybeans market rallied over the weekend, but then moved steadily lower throughout each day of the week. Trading began on Monday with a statewide average of $9.94, a weekend gain of 11 cents over the Friday closing mark. The market gave back all of the weekend gain and more with declines each trading day to eventually reach $9.73 on Friday, an overall 10 cent fall from the prior week closing mark (Figure 1). High individual daily market quote of the past week was $10.21 at West Memphis on Monday. Old Town/Elaine and Osceola followed closely at $10.19 that day. Low daily quote for the week occurred on Friday with Wynne reporting $9.46. Thirteen markets provided price quotes each day of the week. The Friday closing prices ranged from the $9.46 low at Wynne to a high of $10.01 at Old Town/Elaine, the only market to end the week above $10.00. These end-of-week quotes left the market price range at 55 cents, a 3 cent widening from the previous week ending range.

Fig. 1.  AR 2014 Crop Soybean Cash Market Prices (Jan. 26-30, 2015)

Fig. 1. AR 2014 Crop Soybean Cash Market Prices (Jan. 26-30, 2015)

The 2015 soybean crop market again traded similar to the 2014 crop. Price rose 12 cents over the weekend to open on Monday with a statewide average of $9.60. The market then moved into a steady decline through the whole week to a Friday average of $9.34. The closing mark left the market with a loss of 14 cents from the previous end of week quote. High individual market quote for the past week was $9.77 reported at Osceola and Old Town/Elaine on Monday. West Memphis trailed closely at $9.74. Low market quote for the week occurred on Friday with $9.15 at Augusta. Both Wynne and Des Arc finished the week a penny higher at $9.16. Thirteen markets continue to provide new crop quotes. End-of-the-week quotes saw market prices ranging from the low of $9.15 at Augusta to a high of $9.51 at both Osceola and Old Town/Elaine. These ending quotes represented a range of 36 cents, 1 cent wider than the range of the previous week closing quotes.

Fig. 2.  AR 2015 New Crop Soybean Market Prices (January 26-30, 2015)

Fig. 2. AR 2015 New Crop Soybean Market Prices (January 26-30, 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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