The Arkansas 2015 soybean crop cash market held steady over the weekend and opened on Monday with a statewide average price of $8.53. The market weakened slightly on Tuesday with a 3 cent loss before fully regaining the loss on Wednesday and posting gains each remaining day of trade to a Friday closing statewide average of $8.76, an overall gain of 23 cents from the previous Friday closing mark (Figure 1). High daily individual market price of the past trading week was reported on Friday with Helena at $8.91. Low market quote for the week was found at both Wynne and Des Arc with a market quote of $8.31 on Tuesday. End-of-the-week quotes saw closing day prices ranging from an $8.51 low at Wynne to the $8.91 high at Helena. The ending quotes represented a range of 40 cents as the market range widened by 2 cents from the previous week closing spread.
The 2016 New Crop Soybean Cash Market Booking price fell 1 cent over the weekend and opened the past week at a Monday statewide average of $8.64. A 3 cent decline on Tuesday was quickly overcome on the following day and gains continued through the end of the week. The Friday closing statewide average was $8.82, a 17 cent improvement from the previous Friday close (Figure 2). High market price of the past week was reported on Friday with Old Town/Elaine at $9.11. Friday was the only day that had individual daily market quotes above $9.00 with West Memphis and Old Town/Elaine as the specific markets. Individual market daily low of the week was reported on Thursday with Augusta at $8.38. End-of-week individual market quotes on Friday ranged from a low of $8.51 at Augusta to the high of $9.11 at Old Town/Elaine. The ending quotes put the closing spread at 60 cents across all reporting markets in the state, 13 cents wider than the previous week closing range.
(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.)