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06
Oct
2017
Arkansas soybean market report for Oct. 2-6, 2017
Author: Bob Stark, Agricultural Economist

By Bob Stark, Agricultural Economist

The Arkansas 2017 New Crop Soybean Market became the No. 1 Yellow Soybeans Cash market this past week as USDA transitioned into a new crop market year.  Price opened the week at $8.97, a decline of 36 cents over the weekend.  This loss and a much smaller 5 cent drop on Tuesday were almost fully overcome through the remainder of weekly trading as each subsequent day posted gains.  The Friday closing statewide average of $9.27 left the market with an overall 6 cent fall from the previous Friday closing mark (Figure 2).  High daily individual market price of the past week was $9.48, observed on Thursday at Old Town/Elaine.  Low quote for the week was $8.73 on Tuesday at both Jonesboro and Des Arc.  End-of-the-week quotes saw the Friday closing day prices ranging from a low of $9.15 at Wynne to a high of $9.43 at West Memphis.  The ending quotes represented a range of only 28 cents, a 27 cent narrowing from the previous week closing range.

Figure 1.  AR 2017 New Crop Soybean Cash Booking Prices for Oct. 2-6, 2017

Figure 1. AR 2017 New Crop Soybean Cash Market Booking Prices for Oct. 2-6, 2017


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