By Bob Stark, Agricultural Economist
The past week of trading in the Arkansas 2017 Crop Soybean Cash Market was shortened by the Memorial Day holiday on Monday. Trading opened on Tuesday at a statewide average of $10.21, 6 cents above the previous Monday opening price, but representing an 11 cent decline over the extended weekend. Price proceeded to move lower each trading day reaching a statewide average of $10.07 on Friday to close out the week (Figure 1). The Friday average reflected a 25 cent overall decline for the week compared to the previous Friday statewide average. High daily individual market price over the short week was $10.43 at West Memphis and Old Town/Elaine on Monday. Low quote of the week was $19.84 at Wynne on Thursday. End-of-the-week quotes saw Friday closing day prices ranging from a $9.86 low at Wynne to a high of $10.35 at Osceola. West Memphis and Old Town/Elaine did not submit price quotes on Friday. The ending quotes represented a range of 49 cents, a 6 cent widening from the previous week closing range. Nine individual markets were providing price quotations to end the week.