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29
May
2015
Arkansas soybean market report for May 25-29, 2015
Author: Bob Stark, Agricultural Economist

The 2014 Arkansas Cash Soybean market lost one cent over the extended Memorial Day holiday weekend break to a Tuesday opening statewide average of $9.32. New crop price then climbed generally higher throughout the remaining trading days to a Friday closing statewide average of $9.44, an 11 cent improvement from the previous Friday closing price (Figure 1). High individual daily market quote of the past week was $9.74 at West Memphis on Friday. The high represented the second straight week without a $10.00 individual daily market quote. Low daily quote of the immediate past week occurred on Tuesday with Augusta reporting $9.13. Wynne was just 1 cent higher on the same day. Thirteen markets still provided price quotes each day of the past week with only Helena absent. Friday closing prices to end the week ranged from a $9.24 low at Augusta to the $9.74 high at West Memphis. These end-of-week quotes put the market price range at an even 50 cents, a 5 cent expansion from the previous week closing range.

Fig. 1.  AR 2014 Crop Soybean Cash Market Prices (May 25-29, 2015)

Fig. 1. AR 2014 Crop Soybean Cash Market Prices (May 25-29, 2015)

The 2015 soybean crop booking market suffered a greater loss over the Memorial Day holiday weekend than the old crop cash market losing 3 cents to open trading on Tuesday at $8.95. New crop price traded within a 4 cent range through the remainder of the short week to a Friday closing price of $8.97, just 1 cent under the previous Friday closing mark (Figure 2). High individual market quote for the shortened trading week was $9.17 at both West Memphis and Old Town/Elaine on Wednesday. Low market quote for the week occurred on Thursday with $8.72 reported at both Wynne and Des Arc. All fourteen state markets continued to provide new crop quotes. End-of-the-week quotes saw market prices ranging from an $8.76 low at both Wynne and Des Arc to a high of $9.16 at Old Town/Elaine. Four other markets also closed the week above $9.10. The ending quotes represent a range of 40 cents, unchanged from the closing quotes range of the previous two weeks.

Fig. 2.  AR 2015 New Crop Soybean Market Prices (May 25-29, 2015)

Fig. 2. AR 2015 New Crop Soybean Market Prices (May 25-29, 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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