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21
Sep
2015
Arkansas soybean market report for September 14-18, 2015
Author: Bob Stark, Agricultural Economist

By Bob Stark, Extension Economist

The past weekend generated an 11 cent gain for 2014 Arkansas Cash Soybeans and the market opened at a statewide average of $8.99 on Monday.  A 10 cent gain on Tuesday was generally maintained well through most of the week and the market closed the past trading week with a Friday statewide average price of $8.89, a 1 cent overall gain from the previous Friday closing mark (Figure 1).  Eight markets provided old crop quotes for the week.  High individual daily market quote of the past week was $9.29 at Helena on Tuesday.  Low daily quote of the week occurred on Friday as Augusta reported a price of $8.56.  The Friday reported closing prices ranged from the $8.56 low at Augusta to the high of $9.07 at Helena.  The closing range of 51 cents was 9 cents wider than the previous week.

Figure 1.  AR 2014 Crop Soybean Cash Market Prices (September 14-18, 2015)

Figure 1. AR 2014 Crop Soybean Cash Market Prices (September 14-18, 2015)

 

The 2015 soybean crop booking market moved very similar to the old crop market over the weekend with a 10 cent improvement on the statewide average.  New beans opened on Monday at $8.84, 6 cents above the previous week opening.  The market gained 7 more cents on Tuesday, but then declined for the remainder of the week, especially on Friday.  Price ended the week at $8.69, a 5 cent decrease from the previous week close (Figure 2).  High daily individual market price of the week was $9.19 reported by Helena on Tuesday.  Five locations had a Tuesday market quotes of $9.00 or higher.  The low market quote for the week occurred on Friday with Wynne and Des Arc falling to $8.47 and Augusta close behind at $8.48.  Fourteen state markets continue to provide new crop quotes.  End-of-the-week quotes saw closing day prices ranging from the $8.47 low at Wynne and Des Arc to a high of $8.97 at Helena.  No markets closed trading at or above $9.00 for the second straight week.  The ending quotes represented a range of 50 cents, a 5 cent narrowing from the closing quotes range of the previous week.

Figure 2.  AR 2015 New Crop Soybean Market Prices (September 14-18, 2015)

Figure 2. AR 2015 New Crop Soybean Market Prices (September 14-18, 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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