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23
Oct
2015
Arkansas soybean market report for Oct. 19-23, 2015
Author: Bob Stark, Agricultural Economist

By Bob Stark, Agricultural Economist

A 9 cent weekend decline sent the 2015 soybean crop cash market into a general weakening that extended through the past week.  Market price opened on Monday at $8.98 and uneasily held steady into Wednesday before declining daily to a Friday closing average of $8.91 (Figure 2).  The closing price represented an overall 16 cent fall from the previous week close.  High daily individual market price of the trading week was $9.24 reported by Osceola on Monday.  Helena followed closely at $9.23 on the same day.  Low market quote for the week occurred on Tuesday with Augusta at $8.61.  Tuesday was an uncertain day with USDA-NASS subsequently correcting two individual market quotes on Wednesday.  Fourteen state markets provided quotes each trading day.  End-of-the-week quotes saw closing day prices ranging from an $8.66 low at Wynne and Augusta to a high of $9.06 at Helena, Old Town/Elaine, and Pine Bluff.  Only five individual markets ended the week above the $9.00 level.  The ending quotes represented a range of 40 cents, a substantial narrowing of 12 cents from the closing quotes range in the previous week of trading.

Figure 1.  AR 2015 Crop Soybean Cash Market Report (Oct. 19-23, 2015)

Figure 1. AR 2015 Crop Soybean Cash Market Report (Oct. 19-23, 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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