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20
Nov
2015
Arkansas soybean market report for November 16-20, 2015
Author: Bob Stark, Agricultural Economist

By Bob Stark, Agricultural Economist

A 1 cent weekend gain for the Arkansas 2015 soybean crop cash market did not generate a strong trend at any time over the entire week.  The Monday opening day average was unchanged at $8.67 from the opening price on the previous Monday.  Price then never moved beyond a 7 cent span and closed on Friday at $8.65, a 1 cent decline from the previous Friday mark (Figure 1).  High daily individual market price of the past trading week was $8.96 reported by Helena on Tuesday.  Low market quote for the week was found at Wynne with the market at $8.35 on both Wednesday and Friday.  Pine Bluff was the only state market that did not submit a quote throughout the week.  End-of-the-week quotes saw closing day prices ranging from the $8.35 low at Wynne to a high of $8.90 at Helena.  The ending quotes represented a range of 55 cents, unchanged from the previous trading week Friday quotes.

Figure 1.  AR 2015 Crop Soybean Cash Market Prices (Nov. 16-20, 2015)

Figure 1. AR 2015 Crop Soybean Cash Market Prices (Nov. 16-20, 2015)

The past week saw the initiation of 2016 New Crop Booking Soybean Market quotes.  Bookings opened on Monday at a statewide average of $8.67 and traded within a narrow 5 cent range throughout the entire week.  The market peaked on Tuesday at $8.69 and fell to its low on Wednesday with a statewide average of $8.64.  The Friday closing average of $8.66 exactly matched the 2015 Cash Market closing price (Figure 2).  High individual market quote for the week was $8.87 at Helena on Tuesday.  The low individual quote of $8.47 was found at Des Arc on Wednesday.  End-of-week individual market quotes ranged from a low of $8.49 at Des Arc to a high of $8.84 at Helena.  These ending quotes indicated a closing spread of 35 cents across all reporting markets in the state.

Figure 2.  AR 2016 New Crop Soybean Cash Market Prices (Nov. 16-20, 2015)

Figure 2. AR 2016 New Crop Soybean Cash Market Prices (Nov. 16-20, 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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