A 4 cent weekend loss seemed to put the 2014 Arkansas Cash Soybean market into an unsettled state as it opened on Monday with a $9.77 statewide average and then had trend reversals each trading day of the week. The market finally finished strong on Friday with a $9.81 closing statewide average to finish unchanged compared to the previous Friday closing average (Figure 1). High individual daily market quote of the past week was $9.99 on Friday at Blytheville, West Memphis, and Old Town/Elaine. This week was the first since early October 2014 that did not have at least one location reporting a daily quote above the $10.00 level sometime during the week. Low daily quote for the week occurred on Tuesday with Wynne at $9.36. Thirteen markets provided price quotes each day of the past week. Friday closing prices ranged from a $9.55 low at Wynne to the $9.99 high at Blytheville, West Memphis, and Old Town/Elaine. These end-of-week quotes left the market price range at 44 cents, unchanged from the previous week interval.
The 2015 soybean crop market had half of the weekend loss suffered by the 2014 crop market with only a 2 cent decline. The market opened on Monday at a crop statewide average of $9.37. Like the old crop, new crop price could not establish a trend and moved in opposite directions each successive day of the week (Figure 2). The Friday closing average was $9.41, a 2 cent improvement from the previous end of week quote. High individual market quote for the past week was $9.56 at West Memphis on Friday. Low market quote for the week occurred on Tuesday with $9.08 at Augusta. Both Wynne and Des Arc followed closely at $9.10. Fourteen markets continued to provide new crop quotes. End-of-the-week quotes saw market prices ranging from a low of $9.16 at Augusta to the high of $9.56 at West Memphis. These ending quotes represented a range of 40 cents, a widening of 8 cents from the previous week closing quotes range.
(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.)