By Bob Stark, Agricultural Economist
A 7 cent loss over the past weekend gave the Arkansas 2017 New Crop Soybean Market a weakness that carried through the entire past week. The market opened on Monday at $9.62 and suffered losses of 7 and 8 cents, respectively, on Tuesday and Friday. The lone positive day was Thursday with a 1 cent gain. Closing statewide average on Friday was $9.48, an overall loss of 21 cents for the week compared to the previous Friday closing mark (Figure 1). High daily individual market price of the past week was $9.85 at Osceola on Monday with Blytheville at $9.84. Low quote for the week was on Friday with Little Rock, Des Arc, and Jonesboro all reporting $9.37. End-of-the-week quotes saw the Friday closing day prices ranging from the low of $9.37 at Little Rock, Des Arc, and Jonesboro to a high of $9.67 at Helena. The ending quotes represented a range of only 30 cents, a 12 cent narrowing from the previous week closing range.
USDA-AMS has not begun publishing 2018 New Crop Booking Prices.
(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.)