By Bob Stark, Agricultural Economist
The Arkansas 2017 Crop Soybean Cash Market lost 3 cents over the past weekend and then moved steadily lower through the first half of the week. Price eventually fell to a Wednesday low of $9.94 before surging up 28 cents on Thursday to end the shortened, pre-Easter week. The market opened trading on Monday at a statewide average of $10.03, just 1 cent above the previous Monday opening price. A loss of 6 cents on Tuesday took the market under the $10.00 level and the decline continued Wednesday. The Thursday rally placed old crop beans at a statewide average of $10.22 to end the week, 16 cents above the previous Friday closing mark (Figure 1). High daily individual market price over the short week was $10.35 at West Memphis on Thursday. Low quote of the week was $9.78 at Wynne on Wednesday. End-of-the-week quotes saw Friday closing day prices ranging from a $10.05 low at Wynne to the high of $10.35 at West Memphis. The ending quotes represented a range of 30 cents, a 2 cent widening from the previous week closing range. Twelve individual markets provided price quotations throughout the week.