By Bob Stark
The 2014 Arkansas Cash Soybean market held steady over the weekend and opened this past Monday with a statewide average price of $10.45. Only four markets are providing quotes in Arkansas with the Wynne market rejoining Old Town/Elaine, Little Rock, and Stuttgart. The market moved lower each trading day of the past week with declines of 4 to 9 cents per day. The decline took the statewide average to $10.22 on Friday, a decline of 23 cents from the previous Friday closing price (Figure 1). High individual daily market quote of the past week was $10.58 at Old Town/Elaine on Monday. Low daily quote of the week occurred on Friday as Wynne reported a price of $10.06. The Friday reported closing prices ranged from the $10.06 low at Wynne to a high of $10.35 at Old Town/Elaine. This range of 29 cents may not be comparable to the previous week ending price range of 12 cents since only three markets provided price quotes last Friday.
The 2015 soybean crop booking market posted a 6 cent gain over the weekend break and opened trading on Monday at $10.07. New crop market price then entered into a week-long decline similar to the old crop market. 2015 new crop market beans ended the week at a statewide average of $9.86, an overall 15 cent decline from the previous week close (Figure 2).
High individual market quote for the week was $10.39 at Helena on Monday. Low market quote for the week occurred on Friday with Augusta at $9.62. All of the fourteen regular state markets continued to provide new crop quotes. End-of-the-week quotes saw most of the markets below the $10.00 level. Closing day prices to end the week ranged from the $9.62 low at Augusta to a high of $10.17 at Helena, the only state market closing above $10.00. The ending quotes represent a range of 55 cents, unchanged from the closing quotes range of the previous week.
(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.)