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.
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.
(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.)