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06
Nov
2015
Arkansas soybean market report for November 2-6, 2015
Author: Bob Stark, Agricultural Economist

By Bob Stark, Agricultural Economist

The 2015 soybean crop cash market lost 3 cents over the past weekend and opened its Monday trading at $8.80.  The loss was recovered by Wednesday, but a sharp Thursday decline of 20 cents led to a Friday closing average of $8.67, an overall 16 cent decline from the previous Friday close (Figure 1).  High daily individual market price of the past trading week was $9.09 reported by West Memphis and Old Town/Elaine on Wednesday.  Low market quote for the week occurred on Thursday with Wynne at $8.41.  Several markets stopped submitting quotes during the past week.  Friday saw only eleven of the fourteen state markets providing quotes.  End-of-the-week quotes saw closing day prices ranging from an $8.44 low at Wynne to a high of $8.90 at West Memphis.  No individual markets ended the week above the $9.00 level for the first time since September 18.  The ending quotes represented a range of 46 cents, a 6 cent contraction of the range compared to the previous week of trading end.

Figure 1.  AR 2015 Crop Soybean Cash Market Prices (Nov. 2-6, 2015)

Figure 1. AR 2015 Crop Soybean Cash Market Prices (Nov. 2-6, 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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