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02
May
2016
Arkansas soybean market report for April 25-29, 2016
Author: Bob Stark, Agricultural Economist

By Bob Stark, Agricultural Economist

The Arkansas 2015 soybean crop cash market enjoyed a 13 cent gain over the weekend, showed continued strength into midweek trading, and firmly held onto the gains to end the week.  The market opened on Monday at $9.90 and posted gains almost every day enroute to the Friday closing mark of $10.12, an overall gain of 35 cents from the previous Friday closing mark (Figure 1).  High daily individual market price of the past trading week occurred on Wednesday with Helena at $10.28.  Low quote for the week was $9.72 on Monday at Wynne.  End-of-the-week quotes saw closing day prices ranging from a $9.93 low at Wynne to a $10.27 high at West Memphis.  The ending quotes represented a range of 34 cents, a 4 cent narrowing that exactly reversed the previous week gain.  Eleven markets continue to provide old crop price quotes.

Figure 1.  AR 2015 Crop Soybean Cash Market Prices (April 25-29, 2016)

Figure 1. AR 2015 Crop Soybean Cash Market Prices (April 25-29, 2016)

 

The 2016 New Crop Soybean Cash Market Booking price enjoyed a 15 cent weekend gain that retreated slightly midweek before stabilizing to finish the week.  The market opened on Monday at a $9.91 statewide average.  Price climbed to $10.03 on Tuesday before retreating 5 cents and then resurging to $10.04 to close the week, a 28 cent gain from the previous Friday closing mark (Figure 2).  High market price of the past week was $10.21 on Thursday at Helena.  The low individual daily quote occurred on Monday with $9.68 at Wynne.  Thirteen markets are reporting new crop quotes.  End-of-week individual market quotes on Friday ranged from a low of $9.78 at Wynne to a high of $10.20 at Helena.  These ending quotes put the closing spread at 42 cents across the reporting markets in the state, an expansion of 5 cents from the previous week range.

Figure 2.  AR 2016 New Crop Soybean Cash Market Prices (April 25-29, 2016)

Figure 2. AR 2016 New Crop Soybean Cash Market Prices (April 25-29, 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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