A 5 cent weekend gain for the 2014 crop AR cash soybeans market put the Monday statewide average at $9.89. The market dropped 9 cents on Tuesday, but then gained a momentum that carried it higher each remaining trading day of the week to a closing statewide average on Friday of $10.02, an overall 18 cent gain from the prior week closing mark and the first day above $10.00 since January 16 (Figure 1). High individual daily market quote of the past week was $10.26 at Osceola on Friday with West Memphis following closely at $10.25. Low daily quote for the week occurred on Tuesday with Wynne at $9.54. Reporting regained consistency with 12 locations providing market reports each trading day of the past week. Friday closing prices ranged from a $9.76 low at Wynne to the high of $10.26 at Osceola. These end-of-week quotes left the market price range at exactly 50 cents for the second consecutive week.
The 2015 soybean crop market closely followed the 2014 crop. An identical 5 cent weekend gain put the Monday statewide average at $9.53. Price declined on Tuesday by 8 cents, but then entered an upward trend that carried it higher each remaining day of trading in the week. The Friday closing average was $9.62, a 14 cent improvement from the previous end of week quote. High individual market quote for the past week was $9.96 reported at Helena. No other market location exceeded $9.76. Low market quote for the week occurred on Tuesday with $9.24 at Augusta, Wynne, and Des Arc. Fourteen markets are now providing new crop quotes as Helena resumed on Tuesday of the past week. End-of-the-week quotes saw market prices ranging from a low of $9.41 at Augusta, Des Arc, and Wynne to the high of $9.96 at Helena. These ending quotes represented a range of 55 cents, 20 cents wider than the range of the previous week closing quotes. The sudden expansion seemed primarily due to the reentry of Helena to the reporting market locations.
(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.)