By Bob Stark, Agricultural Economist
The Arkansas 2017 New Crop Soybean Market lost 1 cent over the weekend and opened trading on the past Monday at $9.47. Price moved lower each succeeding day of the week before posting a modest rally on Friday. The closing statewide average on Friday was $9.39, an overall loss of 9 cents for the week compared to the previous Friday closing mark (Figure 1). High daily individual market price of the past week was $9.71 at Osceola on Monday. The low quote of the week was $9.15 and occurred on both Thursday and Friday in Pine Bluff. End-of-the-week quotes saw the Friday closing day prices ranging from the low of $9.15 at Pine Bluff to a high of $9.56 at West Memphis. The ending quotes represented a range of 41 cents, an 11 cent widening from the previous week closing range.
(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.)