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20
Oct
2015
Arkansas soybean market report for October 12-16, 2015
Author: Bob Stark, Agricultural Economist

By Bob Stark, Agricultural Economist

The 2015 soybean crop cash market gained 28 cents over the extended Columbus Day weekend and opened on Tuesday at $9.19, an improvement of 31 cents from the previous week opening.  The market posted a modest gain on Wednesday before declining through the remainder of the week (Figure 2).  Price still ended the week at $9.07, a 16 cent improvement from the previous week close.  High daily individual market price of the short week was $9.43 reported by Helena on Wednesday.  The low market quote for the week occurred on Friday as Wynne fell to $8.78.  Fourteen state markets provided quotes each trading day.  End-of-the-week quotes saw closing day prices ranging from the $8.78 low at Wynne to a high of $9.30 at Helena.  Ten individual markets ended the week above the $9.00 level, double the number of the previous week finish.  The ending quotes represented a range of 52 cents, regaining the 4 cents lost from the closing quotes range in the previous week of trading.

Figure 1.  AR 2015 Crop Soybean Cash Market Prices (Oct. 12-16, 2015)

Figure 1. AR 2015 Crop Soybean Cash Market Prices (Oct. 12-16, 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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