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11
Apr
2016
Arkansas soybean market report for April 4-8, 2016
Author: Bob Stark, Agricultural Economist

By Bob Stark, Agricultural Economist

A 5 cent weekend loss put the Arkansas 2015 soybean crop cash market price opening the week at a $9.04 statewide average, 2 cents under the average price of the previous Monday.  Price traded within an 8 cent range through most of the week before posting a 12 cent gain on Friday to an ending statewide average of $9.09, unchanged from the previous Friday closing mark (Figure 1).  High daily individual market price of the past trading week was seen on Friday with Helena at $9.26.  Low quote for the week was $8.77 twice during the week on Tuesday and Thursday at Wynne.  End-of-the-week quotes saw closing day prices ranging from an $8.89 low at Wynne to the $9.26 high at Helena.  The ending quotes represented a range of 37 cents, a 4 cent widening from the previous week closing spread.  Eleven markets are currently providing price quotes.

Figure 1.  AR 2015 Crop Soybean Cash Market Prices for April 4-8, 2016)

Figure 1. AR 2015 Crop Soybean Cash Market Prices for April 4-8, 2016)

 

The 2016 New Crop Soybean Cash Market Booking price continues to run 14-18 cents above the old crop price.  The past weekend saw a 5 cent decline followed by another 9 cent drop on Tuesday before stabilizing within a mid-week 5 cent range.  The market ended trading on Friday with an 11 cent improvement to an ending statewide average of $9.24, a 3 cent decline from the previous Friday (Figure 2).  High market price of the past week was reported on Friday with Helena at $9.38.  All thirteen reporting markets closed the week above $9.00.  Augusta market quotes remain missing.  Individual market daily low of the week was $8.90, reported on both Tuesday and Thursday at Wynne.  End-of-week individual market quotes on Friday ranged from a low of $9.01 at Wynne to the high of $9.38 at Helena.  These ending quotes put the closing spread at 37 cents across the reporting markets in the state, 3 cents narrower than the previous week closing range.

Figure 2.  AR 2016 New Crop Soybean Cash Market Prices for April 4-8, 2016)

Figure 2. AR 2016 New Crop Soybean Cash Market Prices for April 4-8, 2016)

(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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