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.
(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.)