By Bob Stark, Agricultural Economist
The Arkansas 2015 soybean crop cash market traded lower for the shortened Christmas holiday week. A 2 cent weekend loss continued with 6 and 3 cent losses for the remaining days of the week. Trading opened on Monday at a statewide average of $8.97 and eventually fell to a Wednesday closing level of $8.88, a loss of 11 cents from the previous Friday closing mark (Figure 1). High daily individual market price of the short trading week was $9.21 reported on Monday by Helena and Old Town/Elaine. Low market quote for the week was found at Wynne with the market at $8.59 on Wednesday. Only the Blytheville market failed to provide old crop cash quotes among the fourteen state markets. End-of-the-week quotes saw closing day prices ranging from the $8.59 low at Wynne to a high of $9.12 at Helena. Five markets ended the week at or above $9.00. The ending quotes represented a range of 53 cents, unchanged from the previous three trading week closes.
The 2016 New Crop Soybean Cash Market Booking price continued to move approximately 3 cents under the old crop cash market level. Bookings opened the short week on Monday at a statewide average of $8.94, a single cent lower over the weekend but 16 cents over the previous Monday opening price. The market traded weaker each day through Wednesday to a low weekly closing mark of $8.84, 11 cents above the prior Friday closing mark (Figure 2). High market price of the week was reported on Monday with Helena at $9.11, one of four markets opening above $9.00. The individual market daily low of the week occurred on Wednesday with Des Arc at $8.65. End-of-week individual market quotes on Wednesday ranged from the low of $8.65 at Des Arc to a high of $9.00 at Helena, the only market finishing the short week at or above $9.00. These ending quotes put the closing spread at 35 cents across all reporting markets in the state, unchanged from the previous Friday range. Eleven markets continued to provide new crop booking quotes throughout the shortened week.
(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.)