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Arkansas soybean market report for April 30 – May 4, 2018 and April monthly summary
Author: Bob Stark, Agricultural Economist

By Bob Stark, Agricultural Economist

The Arkansas 2017 Crop Soybean Cash Market closed the month of April by losing 6 cents over the final weekend followed by a week of highly variable price movements.  The market opened trading on Monday at a statewide average of $10.26, 19 cents above the previous Monday opening price.  The USDA-AMS report had Tuesday market results with a gain of 4.75-15.50 cents, but the reported prices were somewhat distorted as only four markets across the state provided price quotes.  The Tuesday average of these four markets was $10.54, a gain of 28 cents over the Monday average.  The number of reporting markets returned to ten on Wednesday with a statewide average that day of $10.23.  Price rose 17 cents on Thursday before falling 16 cents on Friday to a closing statewide average of $10.24, an 8 cent decline from the previous Friday closing mark (Figure 1).  High daily individual market price over the short week was $10.61 at West Memphis and Old Town/Elaine on Thursday.  Low quote of the week was $10.01 at Des Arc on Wednesday.  End-of-the-week quotes saw Friday closing day prices ranging from a $10.02 low at Wynne to a high of $10.45 at both West Memphis and Old Town/Elaine.  The ending quotes represented a range of 43 cents, a 6 cent widening from the previous week closing range.  Ten individual markets were providing price quotations at the end of the week.

View the full report: May 4, 2018 SOYBEAN NOTES with April 2018 Crop Monthly Summaries

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