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01
Jun
2016
Arkansas soybean market report for May 23-27, 2016
Author: Bob Stark, Agricultural Economist

By Bob Stark, Agricultural Economist

The Arkansas 2015 soybean crop cash market suffered a loss for the third straight week.  A 15 cent loss was the size this past week and put the Monday opening price at $10.39.  The market remained virtually unchanged on Tuesday before enjoying a 31 cent gain on Wednesday.  Price retreated 5 cents on Thursday before gaining 6 cents on Friday to close at $10.70, an overall 16 cent gain from the previous Friday closing mark (Figure 1).  High daily individual market price of the past week occurred again on Friday with Osceola at $10.90.  Low quote for the week was $10.10 on Tuesday at Wynne.  End-of-the-week quotes saw most markets remaining in the upper portion of the $10.00 level with closing day prices ranging from a $10.42 low at Wynne to the $10.90 high at Osceola.  The ending quotes represented a range of 48 cents, a 4 cent widening from the previous week.  Twelve markets continue providing old crop quotes.

Figure 1.  AR 2015 Crop Soybean Cash Market Prices (May 23-27, 2016)

Figure 1. AR 2015 Crop Soybean Cash Market Prices (May 23-27, 2016)

The gap of the 2016 New Crop Soybean Cash Market Booking price under old crop beans widened over the past trading week moving from 9 cents to 15 cents.  New beans lost 12 cents over the weekend and opened on Monday at $10.33.  A 6 cent loss on Tuesday was more than recovered on Wednesday as price surged upward 26 cents.  A 4 cent decline on Thursday and 6 cent Friday gain put the closing price at $10.55, a 10 cent improvement over the previous Friday closing mark (Figure 2).  High market price of the past week was $10.76 on Friday at Helena.  The low individual daily quote and only sub-$10 daily quote occurred on Tuesday with $9.99 at Wynne.  Thirteen markets provided daily price quotes throughout the period.  End-of-week individual market quotes on Friday ranged from a low of $10.26 at Wynne to the high of $10.76 at Helena.  The ending quotes put the closing spread at 50 cents across the reporting markets in the state, a widening of 5 cents from the previous week ending range.

Figure 2.  AR 2016 New Crop Soybean Cash Market Prices (May 23-27, 2016)

Figure 2. AR 2016 New Crop Soybean Cash Market Prices (May 23-27, 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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