By Bob Stark, Agricultural Economist
The price line for the past week in the Arkansas 2015 soybean crop cash market had an unusual appearance due to the Wednesday Veterans Day observance that closed the market. The Monday opening day average was unchanged at $8.67 from the closing price on the previous Friday. A 10 cent decline on Tuesday was fully recovered and more when the market reopened on Thursday with an $8.70 daily average. The Friday closing average of $8.66 left trading for the week just 1 cent below the previous Friday close (Figure 1). High daily individual market price of the past trading week was $8.95 reported by Helena on Thursday. That quote resulted in the first time that an entire week had passed without a single market exceeding the $9.00 level. Low market quote for the week occurred on Tuesday with Wynne at $8.33. Blytheville was the only state market after Veterans Day that was not submitting quotes. End-of-the-week quotes saw closing day prices ranging from an $8.36 low at Wynne to a high of $8.91 at both Helena and West Memphis. The ending quotes represented a range of 55 cents, a 9 cent expansion 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.)