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23
Jun
2015
Arkansas soybean market report for June 15-19, 2015
Author: Bob Stark, Agricultural Economist

The 2014 Arkansas Cash Soybean market lost 4 cents over the weekend and opened the past week of trading on Monday at a statewide average price of $9.42, a decline of 5 cents from the previous trading week.  Old crop price proceeded to take a steady, upward climb that extended through Thursday before weakening slightly on the last trading day of the week.  Closing statewide average on Friday was $9.77, a 31 cent overall gain from the previous Friday closing price (Figure 1).  High individual daily market quote of the past week was $10.18 at Osceola on Thursday.  Only ten markets provided price quotes for the past week as Blytheville dropped out.  Low daily quote of the immediate past week occurred on Monday with Wynne reporting $9.29.  Friday closing prices to end the week ranged from a $9.63 low at Wynne to a $10.12 high at Osceola.  These end-of-week quotes put the market price range at 49 cents, a 5 cent expansion from the previous week closing range.

Fig. 1.  AR 2014 Crop Soybean Cash Market Prices (June 15-19, 2015)

Fig. 1. AR 2014 Crop Soybean Cash Market Prices (June 15-19, 2015)

The 2015 soybean crop booking market gained 1 cent over the weekend to open trading on Monday at $8.97.  New crop price moved similarly to old crop with steady gains through Thursday before retreating slightly on Friday to close out trading.  The Friday closing price was $9.31, a 35 cent advance from the previous Friday closing mark (Figure 2).  High individual market quote for the week was $9.52 at Old Town/Elaine and Helena on Thursday.  Low market quote for the week occurred on Monday with Wynne at $8.74.  All fourteen state markets continued to provide new crop quotes.  End-of-the-week quotes saw market prices ranging from a $9.05 low at Augusta to a high of $9.50 at Old Town/Elaine, Helena, and West Memphis.  The ending quotes represent a range of 45 cents, an expansion of 5 cents from the closing quotes range of the previous week.

Fig. 2.  AR 2015 New Crop Soybean Market Prices (June 15-19, 2015)

Fig. 2. AR 2015 New Crop Soybean Market Prices (June 15-19, 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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