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.
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.
(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.)