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Arkansas soybean market report for Oct. 23-27, 2017
Author: Bob Stark, Agricultural Economist

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.

Figure 1.  AR 2017 New Crop Soybean Cash Market (Oct. 23-27, 2017)

Figure 1. AR 2017 New Crop Soybean Cash Market (Oct. 23-27, 2017)

(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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