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20
Apr
2015
Arkansas soybean market report for April 13-17, 2015
Author: Bob Stark, Agricultural Economist

The 2014 Arkansas Cash Soybean market lost 2 cents over the past weekend and opened on Monday with a statewide average of $9.56. The opening was a full 30 cents under the previous week opening price. Market price gained strength each trading day of the week, reaching a weekly high at the Friday $9.76 statewide average (Figure 1). High individual daily market quote of the past week was $9.94 on Friday at Blytheville, West Memphis, and Old Town/Elaine. Low daily quote of the week occurred on Monday with Wynne reporting $9.30. Twelve markets provided price quotes each day of the past week with Helena and Pine Bluff continuing to be absent. Friday closing prices to end the week ranged from a $9.50 low at Wynne to the $9.94 high at Blytheville, West Memphis, and Old Town/Elaine. These end-of-week quotes left the market price range at just 34 cents, a 10 cent narrower spread than the prior week closing range.

Fig. 1.  AR 2014 Crop Soybean Cash Market Prices (April 13-17, 2015)

Fig. 1. AR 2014 Crop Soybean Cash Market Prices (April 13-17, 2015)

The 2 cent weekend loss in the 2014 soybean crop cash market was doubled in the 2015 soybean crop booking market. Price opened trading on Monday at a statewide average of $9.25, a 29 cent decline from the previous Monday (Figure 2). Price gains followed on each successive trading day as the market rose to a Friday closing average of $9.39, a 10 cent improvement from the previous end of week quote. High individual market quote for the immediate past week was $9.56 at West Memphis on Friday. Low market quote for the week occurred on Monday with $9.09 at Wynne, Augusta, and Des Arc. Fourteen markets continued to provide new crop quotes. End-of-the-week quotes saw market prices ranging from a $9.23 low at Wynne and Des Arc to the high of $9.56 at West Memphis. These ending quotes represented a range of 33 cents, unchanged from the previous week closing quotes range.

Fig. 2.  AR 2015 New Crop Soybean Market Prices (April 13-17, 2015)

Fig. 2. AR 2015 New Crop Soybean Market Prices (April 13-17, 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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