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.
(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.)